Crude Oil Price Bounces Higher as Inventory Dips
The U.S. crude oil stockpile fell by less than expected last week, giving crude prices a bit of a shot in the arm following the EIA report Wednesday morning. Crude prices remain well below…
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How Vulnerable Is the US Electricity Grid to a Cyberattack?
A new report from the President's Infrastructure Advisory Council examines the threat of cyberattacks on the nation's critical infrastructure, including the power grid and the communications network.
Why Energen Could See a Handy Buyout Premium, If It Wanted To
Independent oil and gas exploration outfit Energen Corp. (NYSE: EGN) has seen its share of outside news lately. Its shares have been holding up better than many other oil and gas companies after news…
Dakota Access Pipeline Builders Sue Greenpeace, Others on Racketeering Charges
Energy Transfer Partners and its general partner have filed a lawsuit against groups that sought to stop the Dakota Access Pipeline, seeking compensatory damages that could run into the hundreds of millions.
BHP Billiton to Sell Assets It Never Should Have Purchased
BHP Billiton plans to sell U.S. onshore shale assets the company purchased more than five years ago for about $20 billion. That is nowhere near what the divestment will fetch today.
Big Oil May Be Safest Bet for the Rest of 2017: 4 to Buy Now
These four top companies are solid total return plays for long-term growth and income investors, and they make among the best sense for investors looking to stay in the equity markets but worried about…
French Energy Giant Total Acquires Maersk Oil in $7.5 Billion Deal
French energy supermajor Total said this morning that it had acquired Maersk Oil in a deal valued at $7.5 billion including debt.
Why Baker Hughes Now Looks So Attractive After Its GE Merger
Many oil and gas outfits have recovered massively from the 2015 and 2016 sell-off, but the oil services sector has seen many of its key players trade down to multiyear lows.
Price of Gasoline Pulls Back in 40 States as Peak Driving Season Winds Down
Average gasoline prices in the United States slipped last week, declining 2 cents a gallon to $2.32 as oil prices failed to return above the $50 a barrel level, according to online gas price…
Oil Rig Count Slips by 5, Total Now Up 455 Year Over Year
The number of rigs drilling for oil onshore in the U.S. fell by five last week but is still 357 rigs higher than the number working at the same time last year. Adding in…
Coal-Miner Peabody’s Secondary Offering Costs the Company $40 Million
Peabody Energy priced an underwritten secondary stock offering on Thursday. None of the proceeds from the sale will benefit Peabody, which is buying back $40 million worth of the 12.8 million shares being offered.
Energen’s Would-Be Permian Buyout — Are 2 Activist Investors Better Than 1?
Two activist investors are pushing oil and gas independent Energen to sell the company, which has established a strong position in the Permian Basin.
Natural Gas Price Rises on Larger-Than-Expected Storage Injection
U.S. stockpiles of natural gas rose by 53 billion cubic feet last week, slightly more than analysts had estimated. Prices rose slightly, but remain about nine cents lower than a week ago.
US Gulf of Mexico Oil & Gas Lease Sales Attract $137 Million in Bids
The U.S. Department of the Interior's Bureau of Ocean Energy Management held its first offshore lease sale on Wednesday and received bids valued at $137 million on 508,096 acres.
Crude Oil Price Flat After Inventory Decline on Strong Export Volume
The U.S. commercial crude oil stockpile fell by nearly 9 million barrels last week, but lower demand for gasoline and higher export volumes continue to work against higher crude prices.