oil and gas


Is Suspending Canadian Drilling the Right Move for Chevron?

Chevron Corp. (NYSE: CVX) announced Wednesday evening that it would abandon its plans to drill in the Arctic. The company released this information in a letter sent directly to Canada’ ...
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Blue flames of a gas stove

Natural Gas Price Slumps After Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 64 billion cubic feet for the week ending December 12. That compared with an ...
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Drilling Rig

Outlook for Oilfield Services in 2015

The world’s four largest oilfield services companies posted all-time share price highs in mid-2008 when crude oil prices were nearing a record high above $140 a barrel. Two of the ...
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Crude Oil Price Hammered by Jump in Gasoline Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 800,000 barrels last week, maintaining a total U.S. commercial crude ...
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Gas pipeline

Rice MidStream Sets Price for IPO

Rice Energy Inc. (NYSE: RICE) has announced the pricing of the Rice Midstream Partners L.P. initial public offering. The offering will consist of 25 million common units with an overallotment ...
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Oil Tanker

Why Oil Is Being Hurt by US, and Why Oil Goes Back Up in 2015

Trying to peg the bottom in oil is quite simply a guessing game. Still, with the gyrations and price swings, some investors have to wonder if the worst has been ...
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Railroad Oil Tank Cars

What This Bounce in Major Oil Giants Means

Oil did not start Tuesday on a good note, but it did make a strong recovery, and that is reflected in the stock prices of some major oil companies. Crude oil ...
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Spain’s Repsol Gets Talisman for a Bargain Price

Madrid-based oil company Repsol announced Tuesday morning that it has reached a definitive agreement to acquire Calgary-based Talisman Energy Inc. (NYSE: TLM) in an all-cash deal for $8 a share, ...
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refilling the car

Gas Prices Drop Below $2.20 in Five Cities

Oil prices continue to fall and have dropped below $55, a huge plunge from nearly $100 in June. The drop has been so quick that it is not entirely reflected in ...
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Offshore drill rig

Offshore Drilling Outlook for 2015

This has been a tough year for offshore drilling companies, and 2015 does not look to be a year for recovery. If anything, the downturn is likely to get worse. ...
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thumbs up

Credit Suisse Sees Big Upside in 2 MLPs

Credit Suisse reinstated positive coverage on the Cheniere family of companies. Cheniere Energy Inc. (NYSEMKT: LNG) was reinstated with an Outperform rating, up from Neutral, and the target price was ...
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The World’s Top 10 Oil Companies

The price of a barrel of West Texas Intermediate (WTI) crude oil has fallen from more than $100 a barrel in late June to less than $60 a barrel. While ...
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Is $40 Oil Coming?

Depending on where you buy the stuff, crude oil already sells for less than $50 a barrel. Friday’s closing price for West Texas Intermediate (WTI) crude for January delivery was ...
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Gas Prices at 5-Year Low

The average price of a gallon of gasoline in the United States dropped two cents overnight to $2.60, the lowest the average price has been since December 27, 2009. Pump ...
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What the Federal Government Loses in Royalties From Cheap Oil

West Texas Intermediate (WTI) crude oil has traded below $60 since the current trading session started on Thursday evening. The price has posted yet another five-year low at $58.80 and ...
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