- Chesapeake Makes 'Significant' Oil And Gas Discovery In Anadarko Basin
June 01 2012 4:14 PM
The troubled Chesapeake Energy Corp. (NYSE:CHK), the second-largest producer of natural gas in the country, announced Friday it has made a significant discovery of crude oil and natural gas in the Anadarko Basin beneath the Texas Panhandle and western Oklahoma.
- Oil Populism Vs. Oil Pragmatism As Mexico's Presidential Race Tightens
June 01 2012 12:28 PM
Enrique Peña Nieto has enjoyed a comfortable lead against his rivals for much of the Mexican presidential campaign season. But recent polling suggests his victory isn't as certain as it has appeared, leaving analysts pondering the future of Petroleos Mexicanos, the country's creaky state-owned oil company, should the candidate's main leftist rival win on July 1.
- Iraqi Oil Lease Auction Ends In Disappointment
May 31 2012 5:49 PM
Iraq's central government closed Thursday what has proven to be a disappointing two-day oil and gas lease auction sale that emphasized oil and gas exploration.
- Investors Love Rio: Why Foreign Companies Are Buying Into Brazil's Real Economy
May 25 2012 5:28 PM
Investing in Brazil's booming economy has turned another page as foreign companies, especially Japanese firms, move from putting money into the nation's financial industry to putting it into the real economy of South America's largest nation.
- Nebraska Landowners Sue Governor Over Keystone XL Pipeline Constitutionality
May 23 2012 6:48 PM
The national debate on the Keystone XL pipeline enters the courtroom, as Nebraska landowners sue their state over how the pipeline project could be approved.
- US Gas Prices Fall With Crude, But Still Too High: Oil Trade Group
May 23 2012 5:04 PM
The American Petroleum Institute has again called on Washington to increase domestic production of oil on both federal and public lands, to help consumers by bringing gasoline prices down even further.
- Coal Issue Catches Fire In Presidential Campaign
May 22 2012 2:40 PM
The Obama administration is increasingly under fire this month for its policy on the nation's coal sector.
- Eaton Corp. To Buy Cooper Industries For $11.8 Billion
May 21 2012 5:04 PM
Industrial manufacturer Eaton Corp. (ETN) said Monday it would buy electrical equipment company Cooper Industries Plc for $11.8 billion to expand into the electric industry.
- Stocks Rally, China Hints At Stimulus: Daily Markets Wrap
May 21 2012 4:21 PM
The strain in this relationship between Germany and France was apparent Monday as finance ministers from both countries failed to resolve the question whether the euro zone would benefit from issuing joint European bonds. Berlin rejects the idea, stipulating that struggling economies need to clean up their messes before being given a reason not to.
- Icahn's Stake In Texas Refiner CVR Now 80%
May 21 2012 2:16 PM
Billionaire Carl Icahn raised his share in CVR Energy Inc. (NYSE: CVI) to 80 percent and is completing the replacement of the nine-member board of directors after winning the support of shareholders in the Texas-based refiner and marketer of transportation fuels.
- Cuba's Hope Of Energy Independence Suffers Blow As Repsol Drills Dry Hole
May 18 2012 5:17 PM
Cuba's hope of cutting its energy dependence on Venezuela by developing new domestic sources of crude oil has suffered a blow -- the first in a series of exploratory offshore wells is a dry hole.
- Former BP Engineer In Gulf Spill Probe Requests Lift On Travel Restrictions
May 18 2012 3:19 PM
Kurt Mix, a former engineer for BP PLC who is accused of deleting hundreds of telling text messages about the amount of oil flowing into the Gulf of Mexico because of the company's Deepwater Horizon disaster in 2010, has asked a federal judge to allow him to travel freely while on bail.
- China, US Solar Industry React To Commerce Dept Imposing Tariffs On Chinese Solar Panels
May 18 2012 12:19 PM
The U.S. Commerce Department has imposed hefty tariffs on Chinese solar panel imports, a move the Obama administration is saying comes as a response to uncompetitive Chinese export practices.
- Oil Sheen Spotted Near Brazilian Offshore Oil Platform
May 17 2012 5:00 PM
Brazilian naval authorities are investigating yet another oil sheen seen floating near a platform owned by state oil company Petrobras.
- Vermont Bans Hydraulic Fracturing, Becomes First State To Do So
May 16 2012 6:06 PM
The state of Vermont became on Wednesday the first in the United States to ban the controversial natural gas drilling technique known as hydraulic fracturing or fracking.
- Shell Joins Asian Co.'s in Huge Canadian Drilling Venture
May 16 2012 12:37 PM
A coalition of companies has joined Anglo-Dutch energy giant Royal Dutch Shell in an unprecedented, landmark joint-venture to exploit natural gas resources in Western Canada.
- Chevron Shareholders Ask SEC To Investigate Company Disclosures On $18B Ecuador Judgment
May 14 2012 6:35 PM
A group of Chevron Corp., shareholders has asked that the Securities and Exchange Commission investigate claims the oil major is not fully disclosing the effect that a multi-billion dollar environmental case in Ecuador would have on the company and its numerous stakeholders.
- Europe Uneasiness Endures, China Frees Up Cash: Daily Markets Wrap
May 14 2012 4:15 PM
Political discord in Greece, voters punishing German Chancellor Angela Merkel's Christian Democrats, lower euro zone manufacturing output and China freeing up cash for lending all contributed to a global stocks slide as investors pursued the safe havens of government debt and the dollar.
- Concho Resources Paying $3B For Three Rivers' Permian Basin Reserves
May 14 2012 11:06 AM
Concho Resources Inc. (NYSE: CXO) will buy all of the oil and natural gas assets of Three Rivers Operating Company LLC for $1 billion in cash, increasing Concho's production by 7,000 barrels of oil a day, the company announced Sunday.
- Carl Icahn To Reveal 'Significant' Stake In Troubled Chesapeake Energy
May 14 2012 10:44 AM
Shareholder activist Carl Icahn is expected to disclose his acquisition of a significant piece of Oklahoma City-based natural gas company Chesapeake Energy Corp. (NYSE: CHK), which has seen shares tumble amid a federal inquiry, a securities class-action suit and near-record-low natural gas prices. Both parties have yet to publicly confirm the deal.