Analysts Make Big Changes on Weatherford
If there was any good news for Weatherford's first quarter it was that the company was able to achieve a better financial footing.
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Canada Wildfire Shutting Down Oil Sands Operations
One of the largest mining operations in Canada’s oil sands region, Syncrude, said on Saturday that it is shutting down its mine and processing plant north of Fort McMurray, Alberta. The company also said…
Oil Rig Count Drops by 5, Hedge Funds Grow Wary on Crude
The number of rigs drilling for oil in the United States fell to 328, according to the latest Baker Hughes North American Rotary Rig Count.
SunPower Loss Exceeds Expectations, Guidance Holds Shares Up
SunPower Corp. (NASDAQ: SPWR) reported first-quarter 2016 results after markets closed Thursday afternoon. For the quarter, the solar panel maker reported an adjusted diluted net loss of $0.30 on adjusted revenue of $433.6 million.…
Is Chesapeake Signalling a Turnaround?
While it's still too early to declare that Chesapeake Energy has completed a 180-degree turn, there are definite signs of progress.
Gas Prices Near $3 in California
The average price for a gallon of gasoline has reached $2.97 in San Francisco. Several other large cities in the state have prices nearly as high.
Natural Gas Price Ticks Higher After Storage Report
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased less than expected for the week ending April 29.
Exxon Partners With FuelCell on Carbon Capture Technology
Shares of FuelCell Energy skyrocketed Thursday morning following an announcement that the fuel cell maker will work with Exxon Mobil.
Weatherford Getting Its Financial House in Order
Weatherford International reported first-quarter 2016 earnings after markets closed Wednesday evening.
Crude Oil Price Softens as Crude, Gasoline Stockpiles Rise
U.S. commercial crude inventories increased by less than 3 million barrels last week, according to the U.S. Energy Information Administration.
The Real Reason the Halliburton-Baker Hughes Deal Failed
This merger fell through not because it would have been anticompetitive. It fell through because neither Halliburton nor Baker Hughes is in existential danger, at least not yet.
Devon Energy Loss Is Smaller Than Expected as Cost-Cutting Sets In
Devon Energy Corp. (NYSE: DVN) reported first-quarter 2016 results after markets closed on Tuesday. The independent oil and gas company posted adjusted diluted earnings per share (EPS) of $0.53 on revenues of $2.13 billion. In…
What to Look For in Devon Energy Earnings
Independent oil and gas producer Devon Energy Corp. (NYSE: DVN) will report first-quarter earnings after markets close Tuesday.
Anadarko Asset Sales, Bond Issue Shore Up Balance Sheet
Anadarko Petroleum Corp. (NYSE: APD) reported first-quarter 2015 results after the markets closed Monday. The oil and gas producer posted an adjusted net loss of $1.12 on revenues of $1.67 billion. In the first…
Global Solar PV Market to Grow 21% in 2016
A global total of 55 gigawatts of new solar PV capacity was added in 2015, and that growth is forecast to rise 21%, to 66 gigawatts, in 2016.