News
Southwestern Energy to nearly double 2016 spending
HOUSTON – Natural gas driller Southwestern Energy plans to nearly double its annual spending to $775 million, recalculating how much drilling it can afford this year after a big secondary stock sale and as energy...
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After March protest BOEM to take offshore leasing online, ending public auctions
After the federal government’s last auction for offshore oil and gas was swarmed by protesters, the Bureau of Ocean Energy Management has decided to bring an end to the tradition of holding public auctions. The...
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U.S. drillers to cut $150 billion from budgets by 2017, Wood Mac says
Oil producers across the continental United States have snipped more out of their drilling budgets than their rivals in other countries, with plans to shed $150 billion by 2017, Wood Mackenzie says. The energy research...
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FMC cuts 1,000 jobs as it preps for merger
Particularly hurt by falling revenues in U.S. shale, FMC posted a minuscule net profit of $2.2 million, or 1 cent per share, for the second quarter — better than many others reporting big losses —...
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Market Currents: Mexico oil exports drop, shift away from U.S.
After a mixed bag of economic data, crude is charging lower, with a hangover from yesterday’s inventory report and on ongoing concerns of bloated inventories. Hark, here are five things to consider in the oil...
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