Oct 23- Rig contractors Diamond Offshore Drilling Inc and Patterson-UTI Energy Inc reported big drops in quarterly profits, hurt by one-time charges to retire some old rigs. Offshore driller Diamond Offshore recorded a non-cash impairment charge of $109 million, pushing its third-quarter net income down 44 percent. Diamond Offshore said on Thursday it had...» Read More
What's bad news for consumers—namely, high energy prices—can be great for large investors and oil and gas companies.
New York's highest court will consider allowing local bans on hydraulic fracturing.
Ending the U.S. oil export ban could be a boon for growth, two research reports argued Thursday.
Iraqi engineers are fixing the main oil pipeline to Turkey after it was shut for nearly three months in attacks by an al Qaeda cell.
The downgrade of California's oil reserves raises questions about the sustainability of the U.S. boom.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
NEW YORK, May 16- Two years ago, Denver- based oil and gas driller Bonanza Creek Energy wanted to spread its credit risk and hedge its production- and it called on some regional Main Street banks to help do it. Ohio- based KeyCorp led the lenders and was also among the banks providing hedging.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.
The Obama administration announced its first steps toward what could be tighter regulation of fracking.
A mismatch between workers seeking jobs and the skills employers need may be trickling into the booming energy sector.
U.S. companies moving crude via rail must tell states when a cargo is moving across their jurisdiction, the Transportation Secretary said.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
Booming production of oil and natural gas has exacted a little-known price on some of the nation's roads.
Oil-by-rail shippers have mostly ignored U.S. government requests for data that aim to prevent mishaps, officials said on Friday.
Profits from exploration—otherwise known as "upstream" earnings—were a saving grace for Big Oil in the last quarter.
Taking advantage of tax incentives, chipmaker GlobalFoundries opened its first U.S. plant in New York and created 2,200 jobs.
Chevron, the second-largest U.S. oil producer, said on Friday its first-quarter profit fell 27 percent due to falling crude oil production and prices.
Exxon Mobil reported first-quarter earnings on Thursday that beat Wall Street's expectations.
Mexico's government presented long-awaited legislation to flesh out energy reforms at the core of President Enrique Pena Nieto's growth agenda.
The U.S. faces a natural gas supply shortfall this year despite the country's fracking boom, threatening more price spikes.