ConocoPhillips and ExxonMobil Big Spenders In Gulf Oil Lease Sale
ConocoPhillips stole the show at Wednesday's Gulf of Mexico Lease sale with the largest bid an oil company has ever made for a single tract of Gulf real estate.
ConocoPhillips Faces $78M Law Suit After China Oil Spill
ConocoPhillip's Bohai Bay oil spill may be over, but like its British counterpart in the Gulf of Mexico, the U.S. super major's Chinese subsidiary has not seen the end of litigation in the wake of its Chinese spill.
ConocoPhillips Finds Natural Gas in North Sea's Ula Field
More tests are needed to determine the size of the latest natural gas find by ConocoPhillips in the North Sea, Norwegian government officials announced Monday.
Stock Futures Signal Lower Wall Street Open
U.S. stock index futures pointed to a weaker open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.8 to one percent.
Venezuela Willing To Negotiate With ExxonMobil Over Oil Claims
Venezuelan President Hugo Chavez said his government is willing to sit down with Exxon Mobil Corp. officials after years of tension following the nationalization of the country's oil industry.
TSX falls as euro zone fears hit miners, banks
Toronto's main stock market index closed lower on Wednesday as a new wave of fears about Europe's debt crisis hurt miners and banking shares, offsetting gains in the oil and gas sector.
Canada Pipeline Firms Sprint to End U.S. Oil Glut
Enbridge Inc. and TransCanada Corp. have raced forward with new pipeline plans in the fierce battle to unclog a year-long U.S. oil bottleneck, which could quickly end an unprecedented distortion in crude markets.
Oil Futures Ease Slightly in Asian Trade
Crude oil prices slightly eased in Asian trading Thursday, after surging to a five-month high of $102.59 a barrel in Wednesday's North American session.
Conoco selling $2 billion in pipeline assets
ConocoPhillips plans to sell its interest in two U.S. pipeline companies for $2 billion as part of its strategy to shed assets it no longer considers strategic.
Canadian Officials Weigh in on Keystone Pipeline, Asia Focus
In a recent tour of Capitol Hill and New York City, Alberta Premier Alison Redford stated Tuesday she hopes the Keystone Pipeline will play part of a larger integrated North American energy strategy.
U.S. WCoast Products-Prices Fall on Restarts
Gasoline and diesel prices fell in the Portland, Oregon, market as two refineries finished seasonal overhauls, traders said.
Eagle Ford Shale Drilling Permits Soar 150 Percent From a Year Ago
Increasing shale play in the region has environmentalist increasingly concerned and towns thrilled.
U.S. WCoast Products-Gasoline Up on Upset
Wholesale gasoline differentials gained 0.5 cent a gallon on Monday on a malfunction at a Los Angeles refinery, traders said.
ConocoPhillips Profit Tops Expectations as Refining, Marketing Earnings Triple
ConocoPhillips the third-largest U.S. oil company, reported a much higher-than-expected quarterly profit on strength in its refining business, sending its shares up 2 percent.
Stock Futures up as Investors Eye Earnings, EU Summit
Stock index futures rose on Wednesday after the S&P fell 2 percent in the previous session as optimism about corporate earnings offset concerns about an upcoming meeting of European leaders to tackle the region's debt crisis.
Stock Futures Rise Ahead of European Summit
Stock index futures rose on Wednesday after the S&P fell 2 percent in the previous session as optimism about corporate earnings offset concerns about the results of a meeting of European leaders to tackle the region's debt crisis.
U.S. Stock Futures Point to Higher Wall Street Open
Stock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6 to 0.8 percent.
Stocks in Focus (ADP, BA, S, AMZN, F, LMT, FTI, AKAM, CA, COP, EXC, GD)
The companies that are expected to see active trade on Wednesday are: Automatic Data Processing, Boeing, Sprint Nextel, Amazon.com, Ford Motor, Lockheed Martin, FMC Technologies, Akamai Technologies, CA, ConocoPhillips, Exelon Corp and General Dynamics Corp.
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Wal-Mart China CEO Quits as Retailer Grapples with Pork Scandal
The head of Wal-Mart Stores Inc.'s China business has resigned citing personal reasons, after the world's largest retailer ran into trouble with Chinese authorities leading to store closures and employee detentions.
BP Expands Investments in North Sea Oil Properties
All told, BP and its partners will invest nearly £10 billion ($15.7 billion) in North Sea oil and gas properties over the next five years.
Libya's NOC seeks $6bln in sanctions debts
Libya's top oil body is pursuing international oil firms for bills worth around $6 billion that were left unpaid this year due to U.N. sanctions imposed in March, a source in the National Oil Corporation (NOC) told Reuters this week.
China eyes controls as ConocoPhillips apologizes for spill
Chinese Premier Wen Jiabao said on Wednesday that the government would strictly control new petrochemical projects around northern China's Bohai Bay, as energy giant ConocoPhillips apologized for an oil spill there.
U.S. Stock Index Futures Rise
Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 1 percent, Dow Jones futures up 0.79 percent and Nasdaq 100 futures up 0.97 percent at 0900 GMT (5 a.m. ET).
Tropical Storm Lee Hits Louisiana Coast
Tropical Storm Lee barreled into southern Louisiana's coast on Sunday, as New Orleans prepared for one of the biggest tests of its flood defenses since Hurricane Katrina devastated the city in 2005.
ConocoPhillips says China oil leaks sealed before deadline
A ConocoPhillips subsidiary, an oil spill by which polluted 5,500 square kilometres of water in China's northern Bohai Bay, said it had already sealed off the leaks ahead of an Aug. 31 deadline.
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