Statoil taps technology for a second act in the Gulf
HOUSTON — Five years ago, executives at Statoil ASA, Norway's flagship oil company, flew a team of reporters by private jet from Houston to Houma, La., and from there by helicopter to a semi-submersible drilling rig probing for oil in the Gulf of Mexico. The aim was to showcase Statoil's investments there.
Warning to drillers: Be wary of debt
HOUSTON — The rush to drill for oil at $50 per barrel is prompting warnings from energy analysts that oil and gas may be rolling the dice, and some companies could end up losing everything.
Halliburton board names new CEO
HOUSTON — Oil field services giant Halliburton Co. will be under new top leadership starting next month.
Drillers expected to come back 'very picky,' less risky
HOUSTON — The end of this decade is shaping up to be a very promising one for international oil and gas companies.
IEA says 'rebalancing' is finally happening
A long-awaited "rebalancing" of the crude oil market is underway, the Paris-based International Energy Agency declared yesterday.