Marathon’s profit falls 24 percent on crude price slump
Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production. More »
Shell seeks five more years for Arctic oil-drilling drive
Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.” More »
New Mexico audit finds $3 million in uncollected Apache royalties
Land Commissioner Ray Powell says the assessment of Apache Corp.’s production in Lea County turned up royalties going back to January 2009. More »
Shell makes deepwater gas discovery in Gabon
Royal Dutch Shell today announced a discover off the coast of Gabon but says it will need to conduct further analysis to determine just go much gas is present. More »
David Stover moves into top job at Noble Energy
David Stover has been named Noble Energy CEO, under succession plan announced in April. More »
Statoil announces Tanzania gas discovery
The Norwegian energy company has had a presence in Tanzania since 2007. More »
Exxon, Pemex sign cooperation agreement
The companies agreed to analyze exploration, drilling and refining opportunities. More »
N.D. oil boom widens wage gap between the sexes
North Dakota’s unprecedented oil bonanza has boosted salaries throughout the state, though the male-dominated, high-paying energy industry also is widening the wage gap between men and women. More »
Noble Energy plans Falkland Islands exploration wells
Noble Energy will resume exploration drilling in the Falkland Islands next year, the company announced Wednesday, following evaluation of seismic imaging over its 10 million acres off the cost of the islands east of Argentina. More »
West Virginia opens bids on drilling under Ohio River
Noble Energy, Gastar Exploration and Statoil submitted bids with 20 percent royalty rates. State officials plan to pick winners in the next week or two. More »
Cabot snaps up more Eagle Ford acreage for $210M
With the purchase, Cabot Oil & Gas will add about a third to its land position in South Texas. More »
Eagle Ford booms to the tune of $87 billion
Economic activity related to oil and gas exploration in South Texas is up 43 percent in just the last year in the region. More »
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