10 Credit Suisse Top European Stock Picks for US Investors

The U.S. stock market is currently sitting at all-time highs, and investors have to keep in mind that this bull market is now nearly nine years old. For about five ...
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US Gulf of Mexico Oil & Gas Lease Sales Attract $137 Million in Bids

The U.S. Bureau of Ocean Energy Management (BOEM), a division of the Department of the Interior, conducted a lease sale on nearly 76 million acres of federal offshore parcels in ...
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Rig Count Up by 8, Hedge Funds Wavering on Short Bets

In the week ended September 2, the number of rigs drilling for oil in the United States totaled 407, up by one compared with the prior week, but down from a ...
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BP Mad Dog

Mexico’s Deepwater Attracts Exxon, Chevron, Hess Partnership

America's two supermajor energy producers, Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX), are joining forces with Hess Corp. (NYSE: HES) to bid as a group for rights ...
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Shell Fires 10,000 Workers

As its fortunes collapse due to falling oil prices, Royal Dutch Shell PLC (NYSE: RDS-B) will fire 10,000 people in an effort to bolster margins. Shell's drive to improve competitive ...
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Big Oil Faces 20% Drop in 2015 Cash Flows

If Moody’s Investors Service is right, the world’s largest oil companies will experience a contraction of 20% in their cash flows in 2015. The conclusion is based expectations of continued ...
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oil rig

$100 Billion Cut From Global Energy Projects

The collapse of crude oil prices that started last Fall and continued through the first half of March this year has forced many U.S. producers to delay new drilling or ...
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Oil drilling rig

Did Rosetta Get Enough From Noble Energy?

In what may be the first of many similar transactions, independent exploration and production (E&P) company Rosetta Resources Inc. (NASDAQ: ROSE) on Monday said it is being acquired by Noble ...
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What to Look for in BP Earnings

U.K. oil supermajor BP PLC (NYSE: BP) is scheduled to report first-quarter earnings before U.K. markets open on Tuesday morning, and in the middle of the night here in the ...
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oil rig

Shell-BG Deal Could Validate Petrobras Value, Sort Of

Since March 13, the value of Petroleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, has jumped more than 46%. The last 8% of that gain was posted Thursday morning, ...
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Another Reason the BG Acquisition Is a Bargain for Shell

Even though there appear to be plenty of critics of the proposed $70 billion acquisition of BG Group by Royal Dutch Shell PLC (NYSE: RDS-B), we are not among them. ...
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Shell sign at dusk

Why $70 Billion for BG Is Cheap

Oil supermajor Royal Dutch Shell PLC (NYSE: RDS-B) announced Wednesday morning that it has agreed to acquire Britain’s BG Group in a cash and stock deal worth nearly $70 billion. ...
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Offshore drill rig

New Shell CEO: Why the Company Picked a Downstream Guy

When supermajor oil companies like Royal Dutch Shell PLC (NYSE: RDS-A) pick a new chief executive officer, the new appointment virtually always comes from the upstream exploration and production side ...
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Gasoline pump

Royal Dutch Shell Gets New CEO

For once, a huge company has changed CEOs on schedule, without scandal or the trigger of poor financial performance. Royal Dutch Shell PLC (NYSE: RDS-B) appointed its refining boss as ...
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gas sign

Crude Oil, Gasoline Prices Set Up for Sharp Drop

Since early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of ...
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