After nearly 13 years of effort, BP plc (NYSE: BP) has decided to walk away from its joint venture with Russia’s OAO Rosneft to develop the Sakhalin-5 project. The company said that…
Crude oil prices have risen this year, although they have been tapering off in the past couple of months. Pump prices have been driven by the price differential between Brent crude and…
The national oil company of Malaysia, known as Petronas, announced plans in May to build a $20 billion oil refinery and petrochemical complex on the country’s southern border with Singapore. In addition…
When Iraq began offering leases to its vast oil deposits a couple of years ago, there weren’t a lot of big oil companies lined up to buy in. Iraq’s offer of reimbursing…
Natural gas prices in the US rose to more than $4.80/thousand cubic feet (tcf) in June, and have trailed off to under $3.20/tcf today. In late 2005, natural gas spot prices topped…
This morning’s weekly petroleum status report from the US Energy Information Administration noted a particularly steep — and unexpected — drawdown in oil stocks. Crude inventory fell by 10.6 million barrels, far…
Throughout December we have been giving updates on dividends that will rise in the coming days and weeks from the 30 Dow Jones Industrial Average stocks. Many have already come true and…
Exxon Mobil Corp. (NYSE: XOM) is considering making a $10.9 billion takeover bid for British oil & gas company Gulf Keystone Petroleum, according to a report from the UK’s The Independent. The…
Paul Ausick Updated throughout the day. Exxon Mobil (NYSE: XOM) may buy Gulf Keystone Petroleum for $10.9 billion (The Independent) Apple (NASDAQ: AAPL) has begun to meet media executives in preparation to launch its…
Fitch is skeptical that European Union officials can solve the sovereign debt crisis. (Reuters) The rising U.S. deficit could undermine health care reforms. (Reuters) The S&P 500 may not close in the…
ThinkstockThe US Environmental Protection Agency on Thursday released a draft of its three-year study of possible groundwater contamination caused by hydraulic fracturing near Pavillion, Wyoming. The draft results are not good news…
The US Energy Information Administration today reported the US natural gas stocks fell by a total of 20 billion cubic feet, about 40%-50% more than the drawdown of 10-12 billion cubic feet…
Exxon Mobil (NYSE: XOM) issued its major energy outlook which take some forecasts to 2040. The oil company said Through 2030, rising demand for transportation fuels is led by trucking, aviation and…
Douglas A. McIntyre Producing oil from the vast deposits of the Middle East is getting more expensive. A lot more expensive. Big oil companies like Chevron Corp. (NYSE: CVX), Exxon Mobil Corp. (NYSE: XOM), BP…
Dividends are still rising and equity and income investors should expect more of the same for 2012. The Walt Disney Company (NYSE: DIS) joined in on the dividend hike brigade with another dividend…
