Home / Tag Archives: Oil (page 2)

Tag Archives: Oil

US rig count sees first significant jump of 2016

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by four this week to 408, the first rig count gain in months and halting a slide that pushed the count to record-low levels amid collapsed energy prices. A year ago, 868 rigs were active. Houston oilfield services company Baker Hughes Inc. said ...

Read More »

Ahead of meeting, OPEC seems close to riding out price slump

OPEC

VIENNA (AP) — OPEC is not yet in safe harbor. But ahead of a top-level meeting, the 13-nation oil cartel appears close to weathering the storm of slumping crude prices that threatened to bankrupt some members and called into question its relevance. After touching a 13-year low early this year, the price of oil has moved steadily upward to its ...

Read More »

Burgum’s business background promises prosperity for North Dakota

Doug Burgum

Doug Burgum’s commitment to community is moving statewide. The Fargo-based entrepreneur and philanthropist is running for North Dakota governor and promises to create an environment that’s welcoming to business. One area he will focus on is the energy industry. “Growing up, I was told we were going to run out of oil,” Burgum said. “There was an oil crisis shortly ...

Read More »

Trump addresses energy policy at North Dakota oil expo

Trump, energy, plan, oil, North Dakota

Donald Trump’s speech on energy policy electrified the crowd Thursday at the Williston Basin Petroleum Conference in Bismarck, North Dakota. Trump’s message was simple: America first. “America’s incredible energy potential remains untapped,” Trump said. “Under my presidency, we’ll accomplish a complete American energy independence.” In front of about 7,000 people, Trump outlined an energy plan that promotes oil, natural gas ...

Read More »

US rig count continues to drop amid low energy prices

oil and gas jobs

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by two this week to 404, another all-time low amid low energy prices. A year ago, 885 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 318 rigs sought oil and 85 explored for natural gas. One was listed as ...

Read More »

Top Eagle Ford news stories: May 13-20

Eagle Ford news

Business troubles dominated headlines this week. Recap the top Eagle Ford news stories below. 5. Feds: Pipeline company failed to detect California oil spill LOS ANGELES (AP) — An oil pipeline company responsible for a massive oil spill on the California coast a year ago didn’t do enough to prevent corrosion and its operators didn’t detect and react to the ...

Read More »

Oil falls after matching highest closing price of 2016

oil, stock market

NEW YORK (AP) — U.S. stock indexes are falling Wednesday morning, a day after their biggest gain in two months. Office supply companies Office Depot and Staples are tumbling after a judge blocked their plans to merge. Consumer stocks are plunging after Macy’s slashed its profit forecast and reported a steep drop in earnings. KEEPING SCORE: The Dow Jones industrial ...

Read More »

US stocks fall in global slump as energy companies skid

US stocks fall in global slump as energy companies skid

NEW YORK (AP) — U.S. stocks are skidding Monday morning as global stocks also took losses. Energy companies are falling the farthest although the price of oil is little changed. Companies including Xerox and drugmaker Perrigo are down after reporting disappointing earnings. KEEPING SCORE: The Dow Jones industrial average fell 137 points, or 0.8 percent, to 17,866 as of 10:40 ...

Read More »

US stocks slip as energy companies fall with oil prices

US stocks slip as energy companies fall with oil prices

NEW YORK (AP) — U.S. stocks slipped in quiet trading Monday as energy companies dropped with the price of oil. Metals and chemicals companies also fell. Company earnings remain weak, and Xerox and drugmaker Perrigo tumbled after reporting disappointing results and cutting their forecasts for the year. Stocks looked like they were headed for big losses in the morning, as ...

Read More »

Some criminal charges dismissed in 2012 platform fire

Some criminal charges dismissed in 2012 platform fire

NEW ORLEANS (AP) — A federal judge has thrown out some criminal charges filed against companies and employees following a 2012 oil platform fire that killed three people off Louisiana’s coast. But serious charges remain for some in connection to the fire, which broke out on a platform owned by Black Elk Energy Offshore Operations LLC. Criminal charges involving safety ...

Read More »