Oil Still High
Improvements in the U.S. economy and ongoing fear of supply interruptions in the Middle East kept Brent crude near to $125 a barrel. Many experts continue to argue that the level is so high…
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Newest first · Page 378Asset Transactions Booming in Oil & Gas Sector
A total of $75 billion in unconventional oil and gas assets changed hands last year according to a report on MarketWatch citing a study by international consulting group IHS. That’s a record high for…
Harvest Natural Resources Sinks on Financing Plan (HNR)
Independent oil & gas company Harvest Natural Resources Inc. (NYSE: HNR) announced on Friday an “at-the-market” equity financing program that would allow the company to issue up to $75 million in common stock under…
German Solar Maker to File for Bankruptcy
German solar panel maker Q-Cells SE, once the largest solar panel maker in the world, has said it will file for insolvency tomorrow following a failed attempt to restructure its debt. A court ruling…
Good News Trumps Bad for Willbros (WG, ETP)
Oil & gas construction firm Willbros Group Inc. (NYSE: WG) announced preliminary results for the company’s fourth quarter and full fiscal year, at the same time that it said that it would be unable…
Flare Extinguished at North Sea Gas Leak (TOT)
For the past week about 7 million cubic feet of gas per day from a leaking well in the North Sea’s Elgin field. The leaking well, operated by Total SA (NYSE: TOT), as well…
Petroleum Pains: London Bridges Falling Down
The British government announced this week that greenhouse gas records indicate the country was leading the way in efforts to combat climate change. London reported that carbon dioxide emissions fell close to 10% in…
Brent Crude Moves To $123, Gas Prices Steady
Oil moved higher again after a week of losses. China’s strong PMI figures and concerns about supply were the primary causes as Brent Crude traded near $123. Despite a drop at the end of…
Gas Nears $4, As Crude Rises Over 4% In The Quarter
WTI crude rose just over 4% in the first quarter to almost $103. The effects on the price of gasoline were evident as the average price of a gallon of regular nationwide was flat…
Total Prepares to Drill Relief Wells in North Sea (TOT)
France’s Total SA (NYSE: TOT) is moving two rigs into position to begin drilling relief wells to staunch the flow of natural gas from one of its wells in the North Sea’s Elgin field.…
Enphase IPO Goes Out at Low End of Range (ENPH)
Microinverter maker Enphase Energy Inc. (NASDAQ: ENPH) completed its IPO this morning, issuing 8.97 million shares at an offering price of $6/share. The price is the low end of the pre-IPO range of $6-$7,…
Williams Secondary Offering Boosts Share Price (WMB, WPZ)
After the markets closed last night, Williams Companies Inc. (NYSE: WMB) announced a secondary stock offering of 26 million shares, some of the proceeds of which would be used to buy additional shares of…
OPEC March Crude Production Highest Since 2008
The 12 members of the Organization of Petroleum Exporting Countries (OPEC) produce an average of 31.26 million barrels/day of crude oil in March according to a survey of analyst, industry executives, and OPEC officials…
US Wind Generation to Stall Next Year
At a US Senate hearing earlier this week, the US head of Bloomberg New Energy Finance’s (BNEF) policy analysis told the members that after a record year of US investment in green energy in…
Gas Continues Rapid Race To $4
Not a single day passes without an increase in the price of regular gas, as measure by AAA based on a national average. That price rose to $3.925 yesterday up from $3.921 the day…