Higher demand from growing East Coast markets coupled with favorable economics even at currently low prices point to a continued boom in natural gas production from the Marcellus shale play according to…
The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight last night.…
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers will be…
The oldest refinery on the US East Coast will not be closing in August. The refinery’s owner, Sunoco Inc. (NYSE: SUN) today announced that it would form a joint venture with The…
At a meeting in New York this morning, Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice…
Chesapeake Energy Corp. (NYSE: CHK) announced this morning that the new independent, non-executive chairman of the company’s board of directors will be Archie W. Dunham, former chairman and CEO of ConocoPhillips (NYSE:…
The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) yesterday held a lease sale for 39 million acres of US outer continental shelf open for development. The total of all…
Maybe you want to blame the rising dollar or maybe you want to blame continued slow weakness along with a building inventory report. Oil is now within striking distance of the $80…
The three major US stock indexes opened slightly lower this morning as markets waited patiently for an afternoon announcement from the FOMC. When the word finally came that Operation Twist would continue…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Adobe Systems Inc. (NASDAQ: ADBE) Cut to Underperform at JMP Securities. Apollo…
It has been almost exactly two years since Exxon Mobil Corp. (NYSE: XOM) completed its $31 billion merger with XTO Energy to create the largest natural gas company in the US. Exxon’s…
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700…
As oil went from $105 to under $85 in just over a month, you can imagine that the drop was not too good for Big Oil. In fact, the news was pretty…
The current drop in crude oil prices is putting a little more cash in the pockets of consumers at the expense of the big integrated oil and refining companies. The reason is…
Endeavour International Corporation (NYSE: END) is not exactly a household name in the oil sector… It is also hard to get excited about such a small-cap name when you consider the other…
Jon C. Ogg 
