Petrobras, the huge oil firm controlled by the Brazilian government, plans to raise $25 billion in the capital markets–one of the largest share offerings in history. The money will go to support…
Reuters: Obama’s leadership will be tested this week by his reaction to BP plc (NYSE: BP) spill. Reuters: Jobs are critical to the housing recovery. Reuters: China’s AgBank will attempt a $23…
At President Obama’s news conference yesterday, he admitted that he and his administration’s response to the blow-out of the BP plc (NYSE:BP) Macondo well in the Gulf was wrong. At the same…
A new forecast from Bank of America Merrill Lynch is lowering the expected 2010 target oil demand growth from 2 million b/d to 1.5 million b/d. The bank also cut its crude…
Since 2002, Greenland has issued 13 licenses to explore its onshore and offshore areas for oil and gas. Among the licensees are Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX), Encana…
On April 19th, Molycorp, Inc., a privately held company, filed with the US SEC for an IPO. The company did not say how many shares would be offered nor did it indicate…
The continuing disaster in the Gulf of Mexico has called into question drilling safety practices for oil in the ultra-deepwaters of the world. Drilling in a well in water more than 5,000…
The US pure-play liquefied natural gas (LNG) companies, Cheniere Energy, Inc. (AMEX:LNG) and Cheniere Energy Partners LP (AMEX:CQP), reported earnings this morning, and one is headed up and the other is headed…
The crude oil leak caused by the explosion and sinking of BP plc’s (NYSE:BP) Deepwater Horizon semi-submersible rig continues to pump about 5,000 b/d into the waters of the Gulf of Mexico.…
BP plc (NYSE: BP) does not have much choice. It said it will cooperate with a US government investigation into the cause of the disaster at the Transocean drilling rig Deepwater Horizon in Mississippi…
The earnings floodgate is still open next week, and frankly it looks like there are even more S&P 500 companies reporting earnings than there were this week. The big earnings are (in…
These are ten of the top analyst calls in upgrades, downgrades, and initiations from Wall Street research calls this Friday morning: Chevron Corp. (NYSE: CVX) Started as Top Pick at RBC. ConocoPhillips…
The $787 billion federal stimulus package enacted last year included $20 billion to subsidize energy efficiency programs in the states. Adding insulation, installing more efficient lighting, and other such seemingly small changes…
Ecuador is a relatively unknown member of OPEC, due mostly to its up and down relationship with the cartel. Ecuador first joined OPEC in 1973, then in 1992 suspended its membership for…
From the heady heights of the summer of 2008, oil refiners have suffered from a downturn. Valero Energy Corp. (NYSE:VLO) and Tesoro Corp. (NYSE:TSO), which refine and market petroleum products exclusively, have…
