Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Tuesday morning. Broadsoft Inc. (NASDAQ: BSFT) raised to Buy at Goldman Sachs. CafePress Inc. (NASDAQ:…
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…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. ADTRAN Inc. (NASDAQ: ADTN) Cut to Equal-weight at Barclays. Alliant Energy Corp. (NYSE: LNT)…
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…
Based on early geological studies, Poland was believed to be sitting on about 187 trillion cubic feet of natural gas locked up in the same kinds of shale formations that have yielded…
Exxon Mobil Corp. (NYSE: XOM) and Russia’s state-controlled oil company Rosneft have revealed some details of a recent deal the two signed which could result in a total investment of $500 billion.…
In an interview with the Financial Times, Vagit Alekperov, CEO of Lukoil said that Russia’s policy of retaining all its rights to offshore development of what are believed to be vast reserves…
Norway’s national oil company, Statoil ASA (NYSE: STO) is planning to build two new drilling rigs that the company claims will increase oil recovery at lower cost in the mature fields of…
Paul Ausick Brazilian energy company Petrobra, formally Petroleo Brasileiro SA (NYSE: PBR) has confirmed the discovery of an accumulation of hydrocarbons in the offshore southern Campos Basin. The discovery is about 120 miles offshore…
Paul Ausick Norway’s largest oil firm, Statoil ASA (NYSE: STO) said it has found a new reservoir in the Barents Sea that the company estimates to hold up to 300 million recoverable barrels of…
In 2007, the Venezuela government expropriated the Cerro Negro project owned by Exxon Mobil Corp. (NYSE: XOM) after the US oil giant refused to take a minority stake in the project. ConocoPhillips…
In the summer of 2010, Scottish oil company Cairn Energy announced an ambitious program to explore the waters of the west coast of Greenland. The US Geological Survey estimates that Greenland holds…
None of China’s three largest oil companies is having a particularly good year as far as refining profits go. China Petroleum & Chemical Corp. (NYSE: SNP) — known as Sinopec — reported…
The US Bureau of Ocean Energy Management, Regulation and Enforcement, BOEMRE, has notified 13 companies that they will be able to resume drilling in the Gulf of Mexico without needing to submit…
