At today’s annual meeting, shareholders of Chesapeake Energy Corp. (NYSE: CHK) voted against retaining incumbent directors V. Burns Hargis, president of Oklahoma State University, and Richard Davidson, former chairman and CEO of Union Pacific…
As expected, Chesapeake Energy Corp. (NYSE: CHK) has sold all its midstream assets for a total price exceeding $4 billion. The sale involves three transactions, two with Global Infrastructure Partners (GIP) and one with…
Shares of heavy construction firm McDermott International Inc. (NYSE: MDR) are getting a nice boost following open market stock purchases worth about $3 million from 4 different insiders. The firm, which specializes in engineering,…
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700 million to…
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 62 billion cubic feet, considerably above the 53-57 billion cubic feet increase that analysts had expected. Natural…
US Senator Chris Coons (D-Delaware) is scheduled to introduce legislation today that would allow a wide range of renewable energy projects to qualify as master limited partnerships (MLPs). The partnerships are common among mid-stream…
Massive natural gas discoveries along with new extraction techniques have led many to claim nat gas as the fuel of the future – which could ensure U.S. energy independence, reduce geopolitical risks, and help…
Chesapeake Energy Corp. (NYSE: CHK) CEO Aubrey McClendon used his stake in the company’s wells to borrow more than $1.5 billion to pay for his share of the operating expenses of those wells. That…
Baker Hughes Incorporated (NYSE: BHI) has announced that despite the drop in oil prices, its count on rigs rose in the month of May. The services firm reported that the international rig count was…
Halliburton Company (NYSE: HAL) shares were up almost 2% ahead of the company’s operational update. The stock was halted for this update and the stock is now in the red, but it is driving peers…
Just last week, A123 Systems Inc. (NASDAQ: AONE) filed a notice with the US SEC regarding the company’s ability to continue as a “going concern.” Nothing much has changed for the company since then,…
The weekly oil inventories are out from the Department of Energy and we have yet another trend that is good for the consumer but probably not the greatest news for oil bulls. Still, the…
Canadian pipeline company Enbridge (NYSE: ENB) is in the hot seat for an oil spill from a ruptured line in southern Michigan. Crews in Marshall, Mich., are still working to clean up contaminated areas nearly…
As oil went from $105 to under $85 in just over a month, you can imagine that the drop was not too good for Big Oil. In fact, the news was pretty dismal and…
The current drop in crude oil prices is putting a little more cash in the pockets of consumers at the expense of the big integrated oil and refining companies. The reason is fairly simple:…