OSLO, May 28- Seadrill, the world's second biggest offshore oil driller, predicted years of pain for the global rig market on Thursday as energy companies continue to pare spending despite a recent lift in oil prices. It reported first-quarter core earnings, or EBITDA, of $711 million, beating expectations for $638 million. "Drillers are in a something like...» Read More
Abundant nat gas could benefit this utility more than others. Here's why.
Energy security expert Michael Levi discusses how the oil and gas industry is heading toward transformation.
America should embrace shipping its surplus natural gas abroad, according to a study released on Wednesday.
From auto sales to health care to the NFL to the price of gasoline, CNBC's anchors, reporters, editors and contributors make calls on what 2013 will bring.
In December, the U.S. military will have only one aircraft carrier in the Persian Gulf for the first time in two years. The Iranian navy said it was kicking off a military exercise in the region at that time. If talks scheduled between Tehran and the IAEA turn sour, there's potential for Iran to exploit the security vacuum for geopolitical gain.
Natural gas futures traded slightly higher following the release of its weekly storage report from the U.S. Energy Department.
Activism surrounding fracking has now migrated into the ranks of actual shareholders in the companies that perform fracking.
With natural gas trading near a one-year high, Royal Dutch Shell, one of the world's largest integrated oil and gas companies, is making a big bet on the future of the cleanest of all fossil fuels.
A transformation in our oil and gas production is leading to a sea change that will put the U.S. at the head of the line in global oil production by the end of the decade.
Tom Bergin, reporter for Reuters, explains to CNBC the implications of an IEA report that states the U.S. will become the world's largest oil producer by the end of the decade.
The national average for retail gasoline fell slightly below $3.50 a gallon Friday for the first time since March 6, according to OPIS and AAA.
Gasoline futures continued to trade higher in the electronic session Thursday as the latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.
Apple earnings and a Microsoft product launch keeps technology names at the forefront Thursday in a market that has been mostly punishing the sector for the last month.
Oil prices have plunged near a three-month low amid poor growth prospects, but U.S. drivers may be the biggest winners of the recent selloff.
John Kingston, Global Director Of News, Platts says that U.S. sanctions on Iran have worked far better than most people think.
The natural gas market didn't attract buying after nearing a 10-month high this morning, and futures fell sharply through some key support levels.
Hayden Bairstow, Head of Australian Resources Research at CLSA says that miners are upping their investments to expand capacity. This means that volume growth will help offset weak metal prices.
A dramatic spiral for gasoline prices in some key battleground states comes just three weeks before the U.S. presidential elections.
The incredible prosperity in North Dakota has happened during the Obama administration. However, the fear is that things might change in the next four years, especially when it comes to fracking.
WTI oil futures fell below $90 a barrel on concerns about slowing global demand amid strong U.S. production and robust supplies.