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US rig count one away from historic low

Baker Hughes, rig count

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 13 last week to 489, a near record low. The Houston company said Friday that 392 rigs sought oil and 97 explored for natural gas amid depressed energy prices. A year ago, 1,192 rigs were active. ...

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Famous oil gushers around the world

Oil gushers are icons of early energy exploration. Once a common sight at the turn of the century, gushers have faded into history. Though they could be a spectacular sight, gushers were dangerous and wasteful. Uncapped wells produced large amounts of oil, often times shooting hundreds of feet into the air. One spark could ignite the oil, creating a column of ...

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Cheniere Energy showcases first LNG export (VIDEO)

Cheniere showcases first LNG export (VIDEO)

Cheniere Energy released a video highlighting the first ever export of liquefied natural gas from the continental United States. Aerial shots show tugboats guiding the tanker to Cheniere’s Sabine Pass LNG Terminal and workers pumping LNG into vessel tanks. The cargo was loaded onto the tanker Asia Vision on Feb. 24. Brazil’s Petrobras purchased the 160,000 cubic meter shipment, which ...

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First oil flows from Alaska reserve set aside in ’23

This Feb. 9, 2016, photo shows a million-pound drilling rig at the CD5 drilling site on Alaska's North Slope. ConocoPhillips in October 2015 became the first to drill for oil in the National Petroleum Reserve-Alaska, a region the size of Indiana set aside by President Warren G. Harding in 1923. Getting to this point took compromises with Alaska Natives while keeping environmental concerns in mind. (AP Photo/Mark Thiessen)

NUIQSUT, Alaska (AP) — Rising from the edgeless, wind-scoured, snow-covered tundra on Alaska’s North Slope lies a million-pound drilling rig pulling the first commercial oil from a reserve set aside nearly a century ago. ConocoPhillips is the first oil company to draw crude from the National Petroleum Reserve-Alaska, an area the size of Indiana which President Warren G. Harding dedicated ...

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Pioneering Oklahoma energy CEO dies in fiery car crash

OKLAHOMA CITY (AP) — Energy tycoon Aubrey McClendon earned a reputation as a pioneer, backing new drilling technology, building Chesapeake Energy into one of the nation’s largest independent producers of natural gas and accumulating a fortune that helped him buy part of an NBA team. But McClendon also drew the scrutiny of federal investigators, who announced antitrust charges against him ...

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