oil and gas

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Petrobras Reveals Receipt of SEC Subpoena

Brazil’s government-controlled oil giant Petroleo Brasileiro SA (NYSE: PBR), or Petrobras, issued a statement Tuesday morning saying that the company had received a subpoena from the U.S. Securities and Exchange ...
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How Analysts Rate Shell Midstream Partners

The quiet period for Shell Midstream Partners, L.P. (NYSE: SHLX) has been lifted and analysts are beginning to weigh in on the company and its post-IPO performance. While oil prices ...
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Biofuel Cans

EPA Delays Renewable Fuels Decision

The U.S. Environmental Protection Agency (EPA) on Friday announced that it would not issue a final standard for the percentage of renewable fuels use in 2014. The standard was due ...
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Offshore drill rig

Petrobras Stock Recovers 8% on Some Good News

Listing all the troubles that have hit Petrobras, formally Petroleo Brasileiro S.A. (NYSE: PBR), over the past several years would take a long time. Better just to look at the ...
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Natural Gas Inventory Drop Sends Prices Higher

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks decreased by 17 billion cubic feet for the week ending November 14. That compared with an ...
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Crude Oil Inventory Takes Unexpected Leap

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.6 million barrels last week, maintaining a total U.S. commercial ...
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Analyst Sees Post-Merger Halliburton Worth Less Than Before

The just-announced $35 billion acquisition of Baker Hughes Inc. (NYSE: BHI) by Halliburton Co. (NYSE: HAL) may be a hit in the long term, but at least one research firm ...
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Did Halliburton Get a Steal in the Baker Hughes Buyout?

With oil and gas producers getting set to announce 2015 production and spending targets that everyone expects to be lower than 2014 levels due to the drop in crude oil ...
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Oil pipeline

Rosebud Sioux Tribe Says Keystone XL Pipeline Is ‘Act of War’

A Tuesday vote in the U.S. Senate on the Keystone XL pipeline appears to be headed for passage but is still one vote short of the super-majority of 60 that ...
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Drilling Rig

Baker Hughes and Halliburton: Formidable Competitor for Schlumberger

Oil field services firms Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) announced Monday morning that the two companies have reached a definitive agreement under which Halliburton will ...
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Who Wins If Keystone XL Is Approved?

The U.S. House of Representatives is scheduled to vote Friday on -- and certainly approve -- a measure to allow construction of the Keystone XL crude oil pipeline by TransCanada ...
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Blue flames of a gas stove

Natural Gas Inventory Rises Sharply, Weighs on Price

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks increased by 40 billion cubic feet for the week ending November 7, compared with an expected ...
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What Will Petrobras Look Like After This Scandal?

Petróleo Brasileiro S.A. (NYSE: PBR), or– Petrobras for the rest of us, is proving that there are risks investing in Brazil that are above and beyond, whether or not the ...
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Average Gasoline Price in 2015 to Fall to $2.94 a Gallon

When the U.S. Energy Information Administration (EIA) released its updated Short-Term Energy Outlook on Wednesday, the agency forecast that falling prices for crude oil will cut the U.S. average price ...
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IEA Warns Falling Crude Prices Call for a Production Cut

The International Energy Agency (IEA) released its November Oil Market Report Friday morning, and the big takeaway is that unless producers cut production, prices will continue falling through the first ...
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