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…
courtesy of BP plcOil supermajor BP PLC (NYSE: BP) has been seeking a buyer for its massive Texas City, Tex., refinery for nearly a year. The sale is part of the company’s…
Alibaba buys back half of the stake owned by Yahoo! Inc. (NASDAQ: YHOO) for $7.6 billion, of which $6.3 billion is cash. Yahoo! will return most of the money to shareholders. (Reuters)…
A look at the headlines across Reuters, the Wall Street Journal, Bloomberg, the Financial Times and the New York Times business section shows that all cover the same major stories in much the…
George Soros says Germany should back the European Union or leave it. (Reuters) The new Apple Inc. (NASDAQ: AAPL) iPhone could boast fourth-quarter gross domestic product by 0.5%, according to a J.P. Morgan Chase…
Energy stocks today exhibit all the signs of a market reacting to news that is difficult to categorize easily. First there is the $6 billion in acquisitions announced this morning by Plains…
courtesy of BP plcBP PLC (NYSE: BP) has confirmed some news reported earlier by Reuters on an update of its planned asset sales. BP is selling its interests in a number of…
Jon C. Ogg After six years of back-and-forth with the U.S. government, Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) yesterday began drilling a well offshore of Alaska in the Chukchi Sea, and the company…
General Motors Co. (NYSE: GM) loses up to $49,000 on each Chevy Volt. (Reuters) J.P. Morgan Chase & Co. (NYSE: JPM) and Citigroup Inc. (NYSE: C) may change their compensation practices. (Reuters) China…
