oil and gas

Oil drilling rig

Oil Rigs Drop by 31, Hedge Funds Look Elsewhere for Profits

In the week ended April 24, the number of rigs drilling for oil in the United States totaled 703, compared with 734 in the prior week and 1,534 a year ...
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oil-jack-pumps

Oil Well Completion Backlog Could Weigh on Crude Prices for Years

Crude oil prices rose nearly 3% on Thursday as traders bid barrels higher following more reports of lower U.S. rig counts and more airstrikes against Yemeni rebels. West Texas Intermediate ...
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Oil pumpjack

4 Top Exploration and Production Energy Stocks to Buy Ahead of Earnings

While many of the top S&P 500 companies are reporting this week, some of the top exploration and production (E&P) energy stocks don’t step up to the plate until next ...
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Blue flames of a gas stove

Natural Gas Price Dips Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 90 billion cubic feet for the week ending April 17. Analysts expected a storage ...
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Is It Possible That a $9.7 Billion Loss at Petrobras Is Actually OK?

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, released its audited financial results for the fourth quarter of 2014. That should read "finally released" in the reporting. The state-run Brazilian oil ...
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Crude Oil Price Bounces Higher on Lower Gasoline Supplies

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5.3 million barrels last week, maintaining a total U.S. commercial ...
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oil-jack-pumps

Analyst Gets More Positive on Top Eagle Ford Shale Oil Stocks

While the long slide in oil pricing may have finally settled into what could be a longtime sideways move, some firms we cover on Wall Street are getting incrementally more ...
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Drilling Rig

Halliburton Results Hammered by Charges

Halliburton Co. (NYSE: HAL) reported first-quarter 2015 results before markets opened Monday. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.49 on revenues of ...
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Oil drilling rig

Oil Rigs Drop by 26, Hedge Funds Increase Long Bets as Crude Prices Rise

In the week ended April 17, the number of rigs drilling for oil in the United States totaled 734, compared with 760 in the prior week and 1,510 a year ...
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oil rig

Why Schlumberger Will Fire 11,000

The announcement was simple and came as a part of Schlumberger Ltd.'s (NYSE: SLB) terrible first-quarter earnings announcement. The carnage of layoffs continues across the oil industry due to low crude ...
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Oil drilling rig

Schlumberger Job Cuts Now Total 11,000

Schlumberger Ltd. (NYSE: SLB) reported first quarter 2015 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $1.06 on ...
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Blue flames of gas stove

Natural Gas Price Falls on Large Inventory Addition

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 63 billion cubic feet for the week ending April 10. Analysts expected a storage ...
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Analyst Raises Price Targets on Top Permian Basin Oil Stocks

Crude oil is printing 2015 highs in prices, and some investors are starting to feel that perhaps the worst of the nine-month nightmare may be closer to being over. With ...
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153715598

Crude Oil Price Jumps Following Light Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total U.S. commercial ...
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Drilling Rig

US Crude Oil Production Begins to Fall

Earlier this week, the U.S. Energy Information Administration released its drilling productivity report for the month of April. The agency forecast a drop in production of 57,000 barrels of oil ...
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