Third-quarter results from Exxon Mobil, Royal Dutch Shell and other top international players released over the past few days mostly beat expectations thanks to a shortage of the fuels and other crude-oil based products they make.
DENVER-- Bill Barrett Corp. said Thursday that it plans to sell some of its natural gas properties to Vanguard Natural Resources LLC for $335 million, part of the oil and gas company's strategy to sell off "lower-growth" assets it doesn't consider central to its business. It posted a loss of $52.6 million, or $1.11 per share, for the quarter.
Nov 1- Exxon Mobil Corp, the world's largest publicly traded oil company, reported a quarterly profit on Thursday that topped expectations, as higher margins from its refining arm countered a 7.5 percent decline in oil and gas output. Earlier this month, Exxon agreed to buy Celtic Exploration Ltd for $2.64 billion.
Nov 1- Exxon Mobil Corp, the world's largest publicly traded oil company, reported a quarterly profit on Thursday that topped expectations, as higher margins from its refining arm countered a 7.5 decline in oil and gas output. Earlier this month, Exxon agreed to buy Celtic Exploration Ltd for $2.64 billion.
LONDON/ HOUSTON, Nov 1- The world's top oil and gas companies are struggling to improve output and failing to capture the full value of a resilient price for crude oil while weak gas prices in the United States take their toll.
HOUSTON, Oct 31- Phillips 66' s increased access to cheaper crude oil from the United States and Canada boosted its quarterly profits above analyst expectations after the U.S. refining company spun off from ConocoPhillips earlier this year, the company reported on Wednesday.
HOUSTON, Oct 31- Increased access to cheaper crude oil from the United States and Canada boosted Phillips 66' s quarterly profits above analyst expectations after the U.S. refining company spun off from ConocoPhillips earlier this year, the company reported on Wednesday.
*Earnings report due Nov. 1. HOUSTON, Oct 31- Chesapeake Energy Corp is under the gun to show evidence that it is changing its free-spending ways when it reports third-quarter earnings November 1. The company's largest investors, Carl Icahn and Mason Hawkins, were so unhappy with the company's bloated balance sheet that they seized control of the board in June.
The company's margins were also higher than expected in Europe and the Atlantic Basin, which helped drive the earnings beat, Roger Read, analyst for Wells Fargo said in a note to clients. The Houston company had a third-quarter profit of $1.6 billion or $2.51 per share, compared with $1 billion or $1.65 per share a year earlier.
HOUSTON, Oct 30- New York's electric grid operator said more than 90 transmission lines remained out of service on Tuesday afternoon, a day after Hurricane Sandy slammed into the East Coast with 80 mph winds and record storm surge.
NEW YORK, Oct 30- The biggest U.S. East Coast refinery in Philadelphia began restoring production after Hurricane Sandy on Tuesday and a smaller nearby plant operated without trouble as energy firms began assessing the storm's damage.
*Philadelphia 330,000 bpd refinery, biggest on coast, undamaged-source. NEW YORK, Oct 30- The biggest U.S. East Coast refinery in Philadelphia appears to have emerged undamaged from Hurricane Sandy and a smaller nearby plant operated without trouble, sources said on Tuesday as energy firms began assessing the storm's damage.
*BP, Justice Department seek to settle civil, criminal charges.
Oct 26- Individual donors to U.S. presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election.
HOUSTON-- Robbins& Myers Inc. still intends to close a $2.5 billion sale of the company to National Oilwell Varco Inc. by the end of the year, despite additional regulatory review of the deal.
HOUSTON-- Global Geophysical Services Inc. on Friday named Richard White its new president and chief executive officer. He replaces Richard Degner as president and CEO; Degner will continue as non-executive chairman of Global Geophysical and as president of Autoseis Inc., a subsidiary. Global Geophysical shares fell 15 cents, or 3 percent, to close at $4.88.
HOUSTON-- The Public Utility Commission of Texas has approved NRG Energy Inc.' s proposed all-stock acquisition of GenOn Energy Inc., the companies said Friday. The deal must still receive the approval of state regulators in New York, the Federal Energy Regulatory Commission and the two companies' shareholders before it can go forward.
HOUSTON-- Oil and gas company Endeavour International Corp. said Friday it was given 7 new licenses to explore areas in the U.K. North Sea. The licenses were awarded by the Department of Energy and Climate Change. Houston- based Endeavour focuses on acquiring, exploring and developing energy reserves in the North Sea and U.S.
HOUSTON, Oct 26- A federal judge on Friday delayed until February 2013 the start of a massive trial to determine liability from the 2010 Deepwater Horizon oil spill, citing tourist events that will keep New Orleans' hotels booked.
Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,408 rigs were exploring for oil and 416 were searching for gas. Of the major oil- and gas-producing states, Texas dropped seven rigs and New Mexico fell by 5. Alaska and Oklahoma lost three apiece, and West Virginia was down by two.