Energy Business

oil rig

Transocean Partners Submits IPO Filing

Transocean Partners LLC, a spin-off from Transocean Ltd. (NYSE: RIG), has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of 17.5 million common ...
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Oil Tanker

As Russia’s Isolation Grows, Oil Companies Caught in Middle

By Nicholas Cunningham of Oilprice.com The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that ...
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Drilling Rig

Earnings and Buyback Drive Halliburton to New Highs

Halliburton Co. (NYSE: HAL) reported second-quarter 2014 results before markets opened Monday. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.91 on revenues of ...
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Offshore drill rig

Obama Administration OKs Oil & Gas Searches Off Atlantic Coast

Saying that the status quo does not meet the “need for action,” the U.S. Bureau of Ocean Energy Management (BOEM) on Friday issued a decision on what the agency will ...
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Solar Farm Desert

SunEdison Spin-Off TerraForm Power Scores Hot IPO

TerraForm Power Inc. (NASDAQ: TERP), another spin-off from SunEdison Inc. (NYSE: SUNE), opened its first day of trading Friday morning at $33.85, more than 33% above its initial public offering ...
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crude oil prices

Deutsche Bank Says Strong Earnings Can Drive Top Oil Service Stock Picks

Despite West Texas Intermediate (WTI) finally poking its nose briefly below $100 a barrel after what seems an eternity, one thing remains a steady constant in the oil services sector. ...
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Drilling Rig

Baker Hughes Grows Earnings Outside North America

Baker Hughes Inc. (NYSE: BHI) reported second-quarter results before markets opened Thursday morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.92 on revenues ...
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Oil pipeline

Kinder Morgan Sinks as Profits Fall

Both Kinder Morgan Energy Partners L.P. (NYSE: KMP) and Kinder Morgan Inc. (NYSE: KMI) reported second-quarter results after markets closed. KMP will pay a distribution of $1.39 per common unit, ...
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solar power

J.P. Morgan Raises Targets on Top Solar Stocks Before Earnings

With second-quarter earnings season off and running, most of the firms that we cover on Wall Street are taking a relatively positive view of not only earnings this quarter, but ...
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crude oil prices

6 Top Energy Stocks Likely to Beat Earnings Estimates

This week the landslide of second-quarter earnings results will start pouring in, and many on Wall Street are expecting some solid numbers across the board. One sector that has had ...
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Merger

Whiting Becomes Biggest Bakken Shale Player With Buyout of Kodiak

Savings and scale appear to be the primary reasons behind the impending merger of Kodiak Oil & Gas Corp. (NYSE: KOG) and Whiting Petroleum Corp. (NYSE: WLL). The two exploration ...
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Solar panel installation on roof of Wallmart

Deutsche Bank’s Top Solar Stocks to Buy on Growing U.S. and China Demand

If any sector is prone to swings, it is the clean energy sector, and this year has been no exception. The Intersolar tradeshow was recently held in San Francisco, and ...
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Soccer

Why Petrobras Investors Love Brazil’s World Cup Loss

Petróleo Brasileiro S.A. (NYSE: PBR) rallied on Wednesday on perhaps the zaniest of all reasons seen in the past three months -- Brazil's soccer team took a beating from Germany in the ...
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oil rig

UBS Adds Top Energy Pick to Equity Focus List and Upgrades Sector

With the stock market seemingly printing new highs every day, anxious investors are starting to wonder if it is time to pull the trigger and sell, or add capital to ...
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147915698

Could Gang Violence End Mexico’s Shale Dream?

By Nicholas Cunningham of Oilprice.com Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south ...
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