Oil & Gas News

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by 12 this week to 1,775.

Tidewater Inc. is adding a new dimension to its fleet with $30 million worth of vessels to work on the ocean floor.

A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.

A university study suggests Canada's First Nations harbour a deep mistrust of the oil and gas industry, but are willing to talk energy development if it can be proven to be beneficial to them.

The U.S. economy grew at a 3.6 per cent annual rate from July through September, the fastest since early 2012.

Shares in Precision Drilling Corp. dropped Thursday as its largest shareholder, Alberta Investment Management Corp., sold its entire 20 per cent stake in the oilfield services giant.

December 5, 2013 - DNV GL Oil & Gas has appointed Moss Daemi as the Director of its Middle East, India and North Africa Division.

Iran appears to be trying to take quick advantage of the thaw in relations with the West caused by the interim deal freezing much of its nuclear program in return for limited sanctions relief.

Pipeline giant Enbridge Inc. is hiking its quarterly dividend by 11 per cent and increasing its earnings targets for 2014 from this year's range.

A partnership that plans to build an oilsands refinery northeast of Edmonton says the cost of the project has risen $8.5 billion.

Suncor Energy Inc. hopes to build a "material presence" in offshore Norway, its senior vice president of exploration and production said Wednesday.

In the latest example of local residents organizing in opposition to the fossil fuel industry's "fracking boom," which has staked its claim in many communities around the world, U.S. oil giant Chevron has found itself engaged in a showdown in rural Romania.

Potential polluters should be prepared for a worst-case scenario and face unlimited liability in the case of an oil spill from one of their tanker ships, a government-appointed panel recommends.

MLV Capital has initiated coverage on San Antonio's pipeline and logistics company NuStar Energy LP with a "hold" rating on the company's stock.

The Colorado Oil and Gas Association, the industry's major trade group, said Tuesday it is suing Fort Collins and Lafayette over their adoption of bans on fracking within city limits.

Baja Mining Corp. . Miner. Down a penny, or 66.67 per cent, at half a cent on 36.30 million shares.

A 17-year-old Arizona girl and her two younger sisters hugged, touched each other's faces and talked about how they had all changed when they finally were reunited after their mother and stepfather kept them... A 17-year-old Arizona girl hugged her two younger sisters, touched their faces and talked about how they had all changed when they finally ... (more)

The price of oil jumped more than 2 per cent Tuesday on the prospect of more oil flowing out of a key storage hub in the middle of the country.

As the U.S. prepares to release an environmental review of the proposed Keystone XL pipeline, opponents are arguing that the project can't meet a standard for carbon emissions that President Barack Obama set in June.

Western Gas Partners has granted the underwriters a 30-day option to purchase up to 675,000 additional common units.