OPEC Chief Says Low Oil Prices Bad for Industry
OPEC's Secretary General says the current drop in oil prices is bad for business and he would like to see the circumstances that have caused the problem be eliminated.
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Coal Asset Auctions Coming This Week
Bankrupt coal miners Alpha Natural Resources Inc. (NYSE: ANR) and Walter Energy Inc. (NYSE: WLT) are both scheduled to hold auctions in the coming week as they try to raise capital by selling assets.…
Oil Rig Count Slips Again and Hedge Funds Move Out of Oil
In the week ended January 22, the number of rigs drilling for oil in the United States totaled 510, according to the Baker Hughes North American Rotary Rig Count.
Indiana Gas Prices Plunge to $1.29
While gasoline prices average about $1.90 a gallon nationwide, the average price for a gallon of regular has dropped to $1.29 in the area around Indianapolis.
The Bleak Texas Energy Jobs Picture in 2016, and the Coming Spillover Elsewhere
The Texas seasonally adjusted unemployment rate remains under the national average, but some of us cannot help but wonder just how widespread the fallout is going to bleed over into other sectors.
Golar LNG Soars on Schlumberger Memorandum
According to a new memorandum of understanding, Golar and Schlumberger have agreed to jointly market gas monetization solutions to owners, investors and governments.
Columbus, Ohio, Has $1.23 Gas, Cheapest in US
Low gasoline prices married with price wars in certain small geographic areas have pushed gas below $1.30 there.
Why Chesapeake Killed Its Preferred Dividend
Friday morning the oil and gas producer Chesapeake Energy said it was suspending the dividend on its preferred stock.
Why SolarCity Received an Investment Grade Rating
SolarCity completed its first securitization of distributed solar loan assets early Friday, the company's fifth securitization transaction to date.
Schlumberger to Cut 10,000 Jobs
Energy industry layoffs have moved into six figures, a number bolstered by the decision of Schlumberger to cut 10,000 people.
Moody’s Reviews 69 American Energy Companies for Downgrade
The energy crisis is so bad that Moody's has put 69 U.S. companies on its list of potential downgrades.
Schlumberger Earnings Bolstered by New $10 Billion Buyback Program
Schlumberger Ltd. (NYSE: SLB) reported fourth-quarter and full-year 2015 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.65 on revenues of $7.74…
Southwestern Energy Cuts 1,100 Workers
Southwestern Energy said in a filing Thursday with the SEC that it has notified employees of a workforce reduction plan that will affect more than 1,100 of them.
What to Look for in Schlumberger Earnings
Schlumberger is set to report its fourth-quarter financial results Thursday after the markets close.
Kinder Morgan Shares Soar 20% After So-So Earnings Report
Kinder Morgan's conservative outlook had boosted shares by nearly 20% as Thursday's lunch hour approached.