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  • WRAPUP 1-Oil companies struggle to increase output Thursday, 1 Nov 2012 | 2:14 PM ET

    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.

  • UPDATE 3-Phillips 66 quarterly profit up on good margins Wednesday, 31 Oct 2012 | 6:35 PM ET

    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.

  • PREVIEW-At Chesapeake Energy it's time to show, not tell Wednesday, 31 Oct 2012 | 4:45 PM ET

    *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.

  • UPDATE 2-Phillips 66 quarterly profit up on good margins Wednesday, 31 Oct 2012 | 1:39 PM ET

    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.

  • 10 Most Expensive Hurricanes in US History Monday, 29 Oct 2012 | 3:39 PM ET
    The National Oceanic and Atmospheric Administration (NOAA) is predicting an  for 2011 in the Atlantic basin. While 2010 was quite active, the low number of landfalls spared many areas from significant physical or economic damage. Many of the worst storms to strike in past years have created billions in damage for those residing on the East Coast and Gulf of Mexico regions.What are the all-time costliest hurricanes to have ever hit the U.S.? Here are the Top 10.

    What are the all-time costliest hurricanes to have ever hit the U.S.? Here are the Top 10.

  • *BP, Justice Department seek to settle civil, criminal charges.

  • FACTBOX-The wealthy behind U.S. presidential race Friday, 26 Oct 2012 | 9:48 PM ET

    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.

  • Robbins still expects to close sale this year Friday, 26 Oct 2012 | 6:18 PM ET

    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.

  • Global Geophysical names White president, CEO Friday, 26 Oct 2012 | 5:33 PM ET

    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.

  • Texas regulators OK NRG Energy's takeover of GenOn Friday, 26 Oct 2012 | 5:29 PM ET

    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.

  • Endeavour gets new exploration areas Friday, 26 Oct 2012 | 5:08 PM ET

    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.

  • BP spill trial delayed until February 2013 Friday, 26 Oct 2012 | 4:57 PM ET

    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.

  • US drops 13 to 1,826 rigs exploring for oil, gas Friday, 26 Oct 2012 | 2:47 PM ET

    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.

  • Oct 26- Chemical producer LyondellBasell Industries NV posted a 6 percent drop in quarterly profit on Friday due in part to higher costs in European operations. For the third quarter, the company reported net income fell to $846 million, or $1.46 per share, from $895 million, or $1.33 per share, in the year-ago period.

  • Cabot Oil & Gas shares rise on strong 3Q Friday, 26 Oct 2012 | 12:12 AM ET

    NEW YORK-- Shares of Cabot Oil& Gas Corp. jumped to a new high Friday after the company reported better-than-expected third-quarter net income, helped by higher oil production and prices.

  • *CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit in a rare show of broad corporate unity.