As booming shale pushes U.S. oil production to near 9 million barrels per day, some say U.S. strategic interests are being realigned.» Read More
Nationwide Mutual has become the first insurance company to decline coverage for claims related to hydraulic fracturing, a controversial energy production known as “fracking.”
Argentina is making few friends in the fossil fuels industry these days. Sam Logan, owner of Southern Pulse, speaks to Oilprice.com about the politics of populism behind Argentina’s energy aggression.
The memory of its failed 2005 bid for Unocal still fresh, China's state-controlled CNOOC Ltd. has put lessons learned into practice and "networked strongly" with regulators in Canada and the U.S., smoothing the way for its $15.1 billion all-cash deal to buy Canadian oil producer Nexen Inc.
The prospect of military conflict over Iran's nuclear program, on one hand, versus a deteriorating global economic outlook, on the other, are divergent factors that nevertheless pushed oil prices to their highest level since May last Thursday.
Natural gas futures topped $3. per million BTUs for the third straight session on Friday, rising to an intraday high of nearly $3.06.
Royal Dutch Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month, and the U.S. Coast Guard is billions of dollars short of what it needs to monitor and protect those operations, according to a report.
Some analysts suggest the slide toward a $3.00 retail gasoline may have permanently stalled. Retail gasoline prices often follow the trend in the futures market within a week or so, analysts say.
PTT Exploration and Production, the subsidiary of PTT, may be still holding out its bid for Mozambique-focused oil and gas explorer Cove Energy, but one analyst says the acquisition is a bad idea for the Thai oil company because it would hurt its balance sheet.
While tensions between Britain and Argentina have been rising as a natural response to the 30th anniversary of the Falkland Islands War, oil is the primary driver of a renewed Falkland dispute that will determine the fate of tens of billions of dollars in black gold.
Claus Hemmingsen, Global CEO, Maersk Drilling, says that deep-water drilling is the new frontier in the offshore industry. He adds that he is seeing demand from the U.S., Gulf of Mexico, Brazil and the west coast of Africa.
No commercially exploitable oil had been discovered in Kenya until Tullow Oil began drilling this year in the blazing savanna of the Rift Valley, about 250 miles northwest of Nairobi, the New York Times reports.
Precision drilling, better technology and the exploitation of unconventional energy sources can make American energy independence achievable, Harold Hamm, Continental Resources CEO, told CNBC’s “Squawk Box” on Tuesday.
Of all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020. Factors like the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.
Four and a half years of studies and five failed votes in the House of Representatives later, the massive Canadian-US pipeline is stuck at the Canadian border. And that won't change anytime soon.
Bears have been running the show at Magnum Hunter Resources, but yesterday the buying heated up.
The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.
To Find out, Cramer goes “Off the Charts.”
July natural gas futures closed at $2.767 per million BTUs, the highest settlement price since January 11, 2012. Natural gas has been surging on forecasts for warmer-than-normal temperatures across the U.S.
A new report shows sizable amounts of recoverable oil and natural as around the scenic island chain, but its location in the hurricane belt is already raising concerns about potential environmental damage.
Uwe Parpart, Managing Director, Head of Research, Reorient Financial Markets says that democratic reforms in Eygpt are "impressive" but markets are more concerned with Iran-Israel relations.