China’s gross domestic product rises only 7.4%, but some data shows its economy may have bottomed. (Reuters) An analysis issued by the White House shows that Chinese telecom Huawei Technologies has not…
Last week we noted that Royal Dutch Shell plc (NYSE: RDS-A) (NYSE: RDS-B) had applied for a permit to export U.S. crude. BP plc (NYSE: BP) has already received a permit to…
Updated throughout the day on the 24/7 Wall St. Wire: Vikram Pandit was pushed out of Citigroup Inc. (NYSE: C) because of tensions with chairman Michael O’Neill over how the CEO handled daily…
Anglo-Dutch oil supermajor Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) is seeking permission from the U.S. Department of Commerce to export U.S.-produced crude oil. Under current law, such exports are prohibited…
We have tracked the key short interest changes in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK), Chevron Corp. (NYSE:…
In August BP plc (NYSE: BP) announced that it would sell its Carson, California, refinery to Tesoro Corp. (NYSE: TSO) for $2.5 billion. The sale was part of BP’s effort to shed…
Many finance ministers in Europe believe that Spain can avoid a bailout. (Reuters) Amazon.com Inc. (NASDAQ: AMZN) uses a pay-per-performance deal to help it secure premium content. (Reuters) Cities such as Seattle…
courtesy BP plcMarathon Petroleum Corp. (NYSE: MPC) announced this morning that it has purchased the 451,000 barrel per day Texas City refinery from BP PLC (NYSE: BP) for $598 million. Included in…
Four major oil and gas companies have reached an agreement on the route of an 800-mile natural gas pipeline to transport gas from Alaska’s North Slope to a port on the state’s…
Petroleo Brasileiro SAThe CEO of Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, says the company is “very near to closing a deal” for the sale of some $6 billion worth of assets…
Settlement talks are at a standstill between the U.S. government and BP PLC (NYSE: BP) related to the April 2010 Gulf of Mexico disaster that killed 11 workers and dumped 5 million…
Paul Ausick Offshore driller Transocean Ltd. (NYSE: RIG) said today that the company has been served with a temporary injunction by a federal court in Rio de Janeiro requiring that the company cease its…
Short interest in the oil services companies has risen, while one of the two refiners on our list -- Phillips 66 -- posted a substantial drop in short interest. As crude prices…
Updated throughout the day on the 24/7 Wall St. Wire: Some owners of Russia oil firm TNK-BP may try to buy out BP PLC’s (NYSE: BP) 50% ownership in their joint venture. (Reuters) An…
Douglas A. McIntyre Offshore drilling services firm Seadrill Ltd (NYSE: SDRL) is spinning off its offshore rig business to a new company to be called Seadrill Partners LLC. If a filing with the SEC, Seadrill…