BP plc (NYSE: BP) has halted payment from its Gulf Coast Claims Facility. The fund was set, under pressure from the US governemnt, to provide as much as $20 billion for Gulf…
Douglas A. McIntyre In yet another of the deals that shakes up the landscape of US shale gas production, Chesapeake Energy Corp. (NYSE: CHK) has formed a joint venture with Total SA (NYSE: TOT) and…
In 2007, the Venezuela government expropriated the Cerro Negro project owned by Exxon Mobil Corp. (NYSE: XOM) after the US oil giant refused to take a minority stake in the project. ConocoPhillips…
The markets will await several critical pieces of data over the next several days. Stocks likely will not move much until this information is out. December car sales will show whether consumers…
Wall St. expects same-store sales for December to rise 4.3%. (Reuters) Returns of holiday online gifts are expect to reach a record. (Reuters) Venezuela says it will pay Exxon Mobil (NYSE: XOM)…
After nearly 13 years of effort, BP plc (NYSE: BP) has decided to walk away from its joint venture with Russia’s OAO Rosneft to develop the Sakhalin-5 project. The company said that…
Alibaba hires a Washington lobbying firm in case it decides to bid for all of Yahoo! (NASDAQ: YHOO). (Reuters) Italian yields may fall because of European Central Bank injections of long-term funds…
In August 2006, a pipeline owned by BP plc (NYSE: BP) ruptured and spilled more than 5,000 barrels of crude oil on Alaska’s North Slope. The company pleaded guilty to a misdemeanor…
Paul Ausick Obama nominates Jeremy Stein and Jerome Powell to take seats at the Federal Reserve. (Reuters) New York Times (NYSE: NYT) sells its regional media group for $143 million. (Reuters) The U.S. Treasury…
When Iraq began offering leases to its vast oil deposits a couple of years ago, there weren’t a lot of big oil companies lined up to buy in. Iraq’s offer of reimbursing…
In September 2010, BP plc (NYSE: BP) fired 320 workers at its solar panel-making operation in Maryland because it could not compete with manufacturers like First Solar Inc. (NASDAQ: FSLR), SunPower Corp.…
A small leak in a line feeding drilling fluid to a well owned and operated by Royal Dutch Shell (NYSE: RDS-A) and using a rig owned by Transocean Ltd. (NYSE: RIG) has…
The government of Brazil is asking Chevron Corp. (NYSE: CVX) to stop its drilling program offshore of Brazil following a 2,400 barrel leak. The federal prosecutor is also asking the company to…
US regulators issued five new safety violations to BP plc (NYSE: BP) The actions were in reaction to the Deepwater Horizon accident of nearly 20 months ago which sent an oil slick over…
Producing oil from the vast deposits of the Middle East is getting more expensive. A lot more expensive. Big oil companies like Chevron Corp. (NYSE: CVX), Exxon Mobil Corp. (NYSE: XOM), BP…
