The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight ... Read Full Story »
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers ... Read Full Story »
The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) yesterday held a lease sale for 39 million acres of US outer continental shelf open for development. The total ... Read Full Story »
Based on early geological studies, Poland was believed to be sitting on about 187 trillion cubic feet of natural gas locked up in the same kinds of shale formations that ... Read Full Story »
When Delta Air Lines Co. (NYSE: DAL) agreed to buy an oil refinery from Phillips 66 (NYSE: PSX), the transaction underscored a shift that has been taking place in refinery ... Read Full Story »
The current drop in crude oil prices is putting a little more cash in the pockets of consumers at the expense of the big integrated oil and refining companies. The ... Read Full Story »
The month-long slide in crude oil prices has chopped the share price of many of the biggest names in the oil patch. Exxon Mobil Corp. (NYSE: XOM) is about -4% ... Read Full Story »
Fitch Ratings is out with a statistical review of operational metrics at a number of oil & gas companies. The review notes a handful of emerging trends: Finding, development, and ... Read Full Story »
For the second time in two months, MarkWest Energy Partners L.P. (NYSE: MWE) has launched a secondary offering of common units to support the company’s expansion plans. In March, MarkWest ... Read Full Story »
At an energy conference in Paris today, the secretary general of OPEC, Abdalla Salem el-Badri, said that the cartel is “not happy” with crude oil prices in the $110-$130/barrel range ... Read Full Story »
Markets opened higher this morning following a lower-than-expected GDP growth estimate of 2.2%. That was weaker, but not awful (our coverage here). The consumer sentiment survey rose a couple of ... Read Full Story »
Chevron Corp. (NYSE: CVX) is the last of the big three US integrated oil companies to report first quarter earnings, and the first to show a profit gain compared with ... Read Full Story »
The world’s largest publicly held energy company, Exxon Mobil Corp. (NYSE: XOM), was not expected to post first quarter EPS that matched last year’s first quarter. The same was true ... Read Full Story »
The government of Iraq will prohibit Exxon Mobil Corp. (NYSE: XOM) from participating in the May auction of new leases because the US company last year signed six leases for ... Read Full Story »
Oil supermajor BP plc (NYSE: BP) has sold its southern gas assets in the North Sea to the UK’s Perenco UK Ltd for $400 million in cash. The sale is ... Read Full Story »