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 »
Biofuels maker Gevo Inc. (NASDAQ: GEVO) is seeing its share price skyrocket today following a court ruling that the company probably did not infringe on a competitor’s patents. Gevo is ... 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 »
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 »
An oil sheen has appeared in the Gulf of Mexico near an area where Royal Dutch Shell plc (NYSE: RDS-A) (NYSE: RDS-B) has operations. The sheen is about 1 mile ... Read Full Story »
For the past week about 7 million cubic feet of gas per day from a leaking well in the North Sea’s Elgin field. The leaking well, operated by Total SA ... Read Full Story »
France’s Total SA (NYSE: TOT) is moving two rigs into position to begin drilling relief wells to staunch the flow of natural gas from one of its wells in the ... Read Full Story »
A natural gas leak discovered last Sunday at the Elgin field in the North Sea could cost France’s Total SA (NYSE: TOT) billions of dollars in costs to plug the ... Read Full Story »
A leaking well in the North Sea continues to hamper crude oil production from the Elgin field operated by Total SA (NYSE: TOT). The company has shut-in about 130,000 barrels/day ... Read Full Story »
Oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) announced that the company’s China subsidiary has signed a production sharing contract with China National Petroleum Corp. (CNPC), parent of publicly traded ... Read Full Story »
Under a new development plan released today, China forecasts production growth of natural gas from its shale deposits of around 230 billion cubic feet by 2015, up from zero today. ... Read Full Story »
Cheseapeake Energy Corp. (NYSE: CHK) CEO Aubrey McClendon laid it on the line in an interview with Bloomberg News: We are presently owned by a group of investors who don’t ... Read Full Story »
The nation’s second-largest producer of natural gas, Chesapeake Energy Corp. (NYSE: CHK), has announced a new plan to achieve what it calls “equilibrium” between its capital expenditures and its cash ... Read Full Story »