CALGARY, Alberta, July 31- Imperial Oil Ltd reported a tripling of profit on Thursday and said production at its Kearl oil sands project was approaching its 110,000 barrel per day capacity as it continued to tweak operations at Canada's newest oil sands mine.» Read More
CHICAGO, July 21- All too often, I see investors heading in the wrong direction en masse. The Energy SPDR, which charges 0.16 percent for annual management expenses and holds Exxon Mobil Corp, Chevron Corp and Schlumberger NV, has climbed 22 percent in the past 12 months, with nearly one-third of that gain coming in the three months through July 18.
RIO DE JANEIRO, June 3- A majority of creditors of Brazil's Oleo e Gas Participacoes SA approved the terms of restructuring plan for the bankrupt oil and gas exploration and production company, its lawyers said Tuesday.
MADRID, May 8- Spanish oil company Repsol beat forecasts with a 1.5 percent rise in first-quarter net profit on Thursday thanks to stable refining margins and a surprise gain in its North American gas business due to the harsh winter weather there.
HONG KONG, May 8- The Easy Joy convenience store attached to a Sinopec petrol station in China's boomtown of Shenzhen sells everything from cookies and gum to mineral water and cigarettes, much like any gas station in the United States or Europe. The Shenzhen store, close to the Huanggang checkpoint that marks the border with Hong Kong, is one of 23,000 in Sinopec's.
*Repsol sells 11.86 percent of YPF to Morgan Stanley. The sale to Morgan Stanley, which follows a $5 billion settlement with Argentina over its 2012 expropriation of a 51 percent stake in YPF from Repsol, ends a thorny chapter in the Spanish company's history.
LONDON, April 15- Africa and Brazil are more attractive areas for oil and gas exploration than the Arctic, where firms will need 15 to 20 years to tap reserves due to the harsh climate, the chief executive of Norway's DNV GL said. "I think there are more attractive areas in the world like Africa and maybe Brazil.
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Continental Resources' CEO is worth at least $11 billion, and a split from his wife could result in the largest divorce settlement in history
Chesapeake Energy hired Robert Douglas Lawler of rival Anadarko Petroleum as its new chief executive.
General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.
Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.
Activism surrounding fracking has now migrated into the ranks of actual shareholders in the companies that perform fracking.
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.
The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.
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.
Michael Bagley, president of corporate intelligence firm Jellyfish Operations, and security expert Jennifer Giroux discuss how companies can plan and react in hostile environments.
Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.
The price of the world’s most important oil benchmark is being boosted by South Korean refiners buying on the back of a tax loophole involving North Sea oil. The FT reports.
There are too many options but no one solution to the energy problem. Our needs are many. The current alternative energies — solar, wind, biofuels, nuclear and geothermal — all have limitations, but they're worth it until something better comes along.