Exxon Mobil Corp. (NYSE: XOM) may be getting deeper and deeper in Alaska via a monster pipeline project. A report from the Houston Chronicle said the oil giant is in discussions with…
Reuters: Fiat closed its deal for control of Chrysler. Reuters: California may be hit by an economic “meltdown.” Reuters: May foreclosures were third highest month ever recorded. Reuters: The US named a…
The theory that the recession would mitigate the price of oil had all the trappings of being true. Consumption in the US, UK, EU, and Japan happen to be down substantially. Industrial…
Markets in Asia rallied sharply and oil stocks moved up as crude hit $71. The Nikkei rose 2.1% to 9,991. The Hang Seng was up 3.3% to 18,660. Petrochina (PTR) and CNOOC…
Shell is the largest oil company in Europe and one of the biggest in the world. Its assessment of the industry and the direction of the price of oil is probably as accurate…
Japan’s fifth-largest oil refiner, Showa Shell Sekiyu (Pink Sheets:SWSKF), is partially owned by Royal Dutch Shell (NYSE:RDS-A) and Saudi Aramco, the Saudi Arabian national oil company, which hold 35% and 15% respectively.…
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), has entered into a series of contracts with BrightSource Energy, Inc. While we consider most individual projects essentially as footnotes…
According to Reuters, world health officials are fighting to contain the new flu. Reuters reports that the government may be pressing Citigroup (C) and Bank of America (BAC) to raise more money.…
These are ten of the top analyst upgrades and downgrades that are independent of earnings news from Wall Street this Thursday morning: ABB (ABB) Cut to Hold at Societe Generale. Air Products…
These are some of the analyst calls we have seen up and down in the oil patch this Tuesday morning: Mariner Energy (ME) Started as Buy at Jefferies. BP (BP) Cut to…
Several of the big oil companies are putting the squeeze on oil field services providers to renegotiate contracts and lower costs for drilling services. BP plc (NYSE:BP), Total SA (NYSE:TOT), and Royal…
We’ve been closely tracking the weekly rig counts published by Baker Hughes Inc. (NYSE:BHI) for a while now. Drilling for oil has slowed significantly in the US, and drilling for natural gas…
The person who first said that a chain is only as strong as its weakest link has never lifted a V8 out of a Ford Mustang. But, the analogy works in most…
“Green is green as in the color of money” – Brand director of General Electric, Brandweek, July 26, 2006 “Greenwashing” is the act of misleading the public regarding the environmental practices of…
Back in January a federal three-judge panel ruled that Anadarko Petroleum Corporation (NYSE:APC) was entitled to royalty relief on production from certain Gulf of Mexico leases, even though the government had made…
