6:36pm ET
Energy
The Oil Industry Says It Can Regulate Itself
“Badges? We ain’t got no badges. We don’t need no badges! I don’t have to show you any stinkin’ badges!”–The Treasure of the Sierra Madre, 1948 A former Shell Oil Co. President…
CVX Coverage Page 143
5:29am ET
Energy
Petrobras: A $25 Billion Share Offering, A Challenge To Deepwater Drilling
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…
4:04am ET
Media
Media Digest 6/14/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
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…
12:05pm ET
Politics and Offshore Drilling (BP, CVX, XOM, RDS-A)
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…
12:31pm ET
Investing
New Oil Forecasts Looking Much Lower (OIL, USO, OIH, XOM, CVX)
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…
12:33pm ET
Energy
Greenland: Offshore Drilling’s Next Frontier
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…
4:07pm ET
Commodities & Metals
Rare Earth Metals Getting Attention in China and US (CVX, CEO, SI, GE)
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…
12:54pm ET
Energy
Drilling Onshore, Less Risky for Investors (BP, RIG, XOM, CVX, COP, OXY, DVN, APA, SU, FST, NFX)
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…
12:27pm ET
Energy
LNG Still Has a Place in US Energy Supply (LNG, CQP, TOT, CVX, GE, COP)
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…
10:38am ET
Energy
Oil Spill Could Affect Onshore Refineries
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.…
6:18am ET
Energy
BP Faces Investigation Over Rig Disaster, May Burn Oil Slick
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…
2:13pm ET
Investing
Next Week’s Can’t Miss Earnings (BIDU, ABX, BRCM, CVX, COP, CIT, CME, CMCSA, GLW, DRYS, EK, EXPE, XOM, FSLR, F, HIG, MOT, PG, S, V, WM, MMM)
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…
8:06am ET
Investing
Top 10 Analyst Upgrades and Downgrades (CVX, COP, XOM, NUE, PLD, Q, VZ, WDC, YGE)
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…
11:44am ET
Energy
The Politics of Green Energy
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…
12:22pm ET
Energy
Ecuador Threatens Expropriation of Private Oil Operations
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…