Yesterday a relatively small independent oil & gas firm, EPL Oil & Gas Inc. (NYSE: EPL) acquired three Gulf of Mexico fields from privately held HilCorp Energy GOM Holdings LLC for $550…
Wikimedia commons / Stefan KühnFollowing last year’s disaster at Japan’s Fukushima Daiichi nuclear power plant, Germany said it would abandon nuclear power generation in the country by 2022. Early today, Japan announced…
While many individual Americans are struggling financially, some of the largest corporations in the United States are sitting on billions in cash. Moody’s pointed out in March that U.S. nonfinancial companies’ cash holdings rose to…
courtesy Chesapeake Energy Corp.Continuing the process of dumping properties in order to raise cash to pay down debt it incurred to purchase the properties in the first place, Chesapeake Energy Corp. (NYSE:…
In its monthly Oil Market Report released this morning, the International Energy Agency (IEA) raised its global demand projections for 2012 and 2013 by 100,000 barrels a day to 89.8 million barrels…
A JP Morgan Chase & Co. (NYSE: JPM) analyst speculated that sales of the new Apple Inc. (NASDAQ: AAPL) iPhone 5 could add “between 0.25% and 0.5% to annualized economic growth in the fourth quarter.”…
Drill rig operator Transocean Ltd. (NYSE: RIG) this morning announced the sale 38 of its shallow-water drilling rigs to a consortium of private equity firms called Shelf Drilling International Holdings Ltd. for…
Crews were returning to both shallow-water and deep-water rigs in the Gulf of Mexico yesterday as the oil and gas industry prepares to restart production following Hurricane Isaac. A report from Platts…
When China’s Cnooc Ltd. (NYSE: CEO) made its offer of $15.1 billion to acquire Canada-based Nexen Inc. (NYSE: NXY), the offer quickly brought to mind Cnooc’s failed 2005 $18.5 billion offer for…
Paul Ausick More American companies are among the 20 largest in the world than at any time in the past decade. This is because earnings at U.S. companies have risen faster than the rest…
Apple Inc. (NASDAQ: AAPL) pushes for a ban on eight Samsung phones. (Reuters) Best Buy Co. Inc. (NYSE: BBY) will allow former chairman Richard Schulze to review its books with an eye…
The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team reported earlier that some 78% of crude oil and 48.3% of the natural gas production has been shut-in by Tropical Storm…
With the exception of Chesapeake, which is seen as primarily a natural gas company with lots of problems, the oil and gas firms are not heavily shorted. Nobody really thinks the price…
Since the beginning of July, gasoline pump prices have been on a steady march higher, following rising crude prices, which are rising primarily because traders are betting on more government stimulus in…
The International Monetary Fund and World Bank do not think the rise in food prices will bring a global financial crisis. (Reuters) Apple Inc. (NASDAQ: AAPL) is the largest company by market…
