ThinkstockLast night’s agreement on a fiscal cliff deal is lifting the commodities markets this morning, especially for crude oil. Traders are reacting to the now-lessened chance of a global recession led by…
ThinkstockThe oil and gas industry increased its mergers and acquisitions deals in 2012 by 38% over 2011, according to Dealogic. M&A activity totaled $348 billion in 2012, the industry’s highest total since…
ThinkstockWe have tracked the key short interest changes as of November 30th in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI); BP PLC (NYSE: BP); Chesapeake Energy Corporation (NYSE:…
ThinkstockThe president of Russian oil giant OAO Lukoil has said that the company will cut its Iraqi production by 30%, following a decision by the Iraqi government to reduce output in an…
Paul Ausick Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday. With this being the week of Christmas, analyst upgrades and downgrades are…
ThinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets is certainly a contender, as is the huge growth in…
U.S. equity markets opened lower this morning and only the Dow was able to break into positive territory even briefly. There was no terrible news, but there was no unexpected big, good…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Friday. Adobe Systems Inc. (NASDAQ: ADBE) cut to Neutral a Janney. Bazaarvoice Inc.…
ThinkstockWe have tracked the key short interest changes as of November 30 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE:…
ThinkstockAfter markets closed on Friday, Canadian Prime Minister Stephen Harper announced that the government had approved both the $15.1 billion sale of Nexen Inc. (NYSE: NXY) to China’s Cnooc Ltd. (NYSE: CEO)…
Yahoo! Inc. (NASDAQ: YHOO) says a $2.7 billion court judgment against it in Mexico is “flawed.” (Reuters) Federal Reserve governors praise the bank’s stimulus plan but disagree about its future. (Reuters) A…
Before BP PLC (NYSE: BP) agreed to sell its 50% stake in Russia-based oil company TNK-BP, the company tried to negotiate an alliance with eventual acquirer Rosneft. That did not work out,…
Paul Ausick The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) on Wednesday held a lease sale for approximately 21 million acres of US outer continental shelf open for development in the…
Services and drilling company Hercules Offshore Inc. (NASDAQ: HERO) recently received some positive comments from two analysts, including an upgrade to Outperform today from Stephens. The company, mostly a shallow-water driller, also…
Deloitte and KPMG are sued for their parts in the Hewlett-Packard Co. (NYSE: HPQ) buyout of Autonomy. (Reuters) Samsung launches a Google Inc. (NASDAQ: GOOG) Android-based camera in Japan. (Reuters) Steve Ballmer…
