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  • Oil prices fall in 'idiosyncratic' market   Tuesday, 17 Mar 2015 | 5:00 AM ET
    Oil prices fall in 'idiosyncratic' market

    Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch Global Research, discusses the bearish, "idiosyncratic" oil market.

  • This signals more oilfield mergers may be coming Monday, 16 Mar 2015 | 2:55 PM ET
    Pumpjacks operate at an oil well in Williston, North Dakota.

    Exploration and production firms have issued nearly $9 billion in stock this year, well above recent first-quarter totals.

  • Egypt open for business   Monday, 16 Mar 2015 | 6:00 AM ET
    Egypt open for business

    Mustafa Abdel-Wadood, board member & chairman of the management executive committee at The Abraaj Group, talks about the opportunities going forward in Egypt, however, there's a huge shortfall in energy in the country

  • Oil firms are swimming in data they don't use Thursday, 5 Mar 2015 | 1:39 PM ET

    The energy industry's failure to use the data it collects means it's not as efficient as it could be, leaving money on the table.

  • Oil layoffs could come back to haunt the industry Tuesday, 10 Feb 2015 | 11:10 AM ET
    Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas.

    Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.

  • Is this oil rally the real deal? Tuesday, 3 Feb 2015 | 11:33 PM ET
    A worker inspects valves and pipes at an oil gathering station in Russia, January 28, 2015.

    Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.

  • Feb 2- Imperial Oil Ltd's Kearl oil sands project expansion will start ahead of schedule, the company said on Monday, in the latest sign that weak crude prices are failing to dent oil sands growth. Imperial, Canada's second-largest integrated oil producer and refiner, said construction on the Kearl expansion in northern Alberta is essentially complete.

  • Feb 2- Imperial Oil Ltd, Canada's second-largest integrated oil producer and refiner, posted a 36.5 percent fall in quarterly profit, hurt by lower crude prices as well as weaker refining and marketing margins. Imperial Oil joins a list of Canadian and U.S. oil and gas producers who have scaled back capital spending plans for 2015, following a sharp decline in oil...

  • NEW YORK, Jan 12- With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month. "Things have changed a lot quicker than I thought they would," says Greg Doramus, sales manager at Orion Drilling in...

  • NEW YORK, Jan 12- With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month. "Things have changed a lot quicker than I thought they would," says Greg Doramus, sales manager at Orion Drilling in...

  • Jan 11- A fire that started after an explosion on Saturday at Husky Energy Inc's 155,000- barrel-per-day crude oil refinery in Lima, Ohio, has caused extensive damage to a unit at the plant, a fire official said Sunday. No injuries were reported in the blast, which was heard across the city and shattered nearby windows, according to local media reports.

  • HOUSTON, Jan 10- A loud explosion rocked Husky Energy's 155,000 barrel per day crude oil refinery in Lima, Ohio, on Saturday and a source familiar with the facility's operations expected production slowdowns but not a complete shutdown. No injuries were reported in the blast, which occurred at about 6 a.m. local time The explosion was heard across the city of Lima,...

  • HOUSTON, Jan 10- A loud explosion rocked Husky Energy's 155,000 barrel per day crude oil refinery in Lima, Ohio, early on Saturday but no injuries were reported. The blast at about 6 a.m. local time was heard across the city of Lima, according to local media reports. A Lima- area emergency management official told the Lima News that the explosion was on the 26,000 bpd...

  • How low can we go? Picking the price of oil Wednesday, 7 Jan 2015 | 5:33 AM ET
    The oil storage depot at Indonesian oil company Pertamina in Jakarta

    Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.

  • Energy sector earnings are seen down 19.6 percent in the fourth quarter, according to Thomson Reuters data; on Oct. 1, the consensus estimate was for growth of 6.4 percent. "It won't surprise anyone to see profits fall, so if you have no exposure this is a good time to step in," said Scott Wren, senior equity strategist at St. Louis- based Wells Fargo Advisors, which has an "...

  • CALGARY, Alberta, Dec 17- Canadian oil producers deepened 2015 spending cuts on Wednesday, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling crude prices. Penn West, one of Canada's largest conventional oil producers, also cut its dividend to 3 Canadian cents per share from 14 Canadian cents.

  • Dec 17- Canadian oil producers Husky Energy Inc and Penn West Petroleum Ltd slashed their 2015 capital budgets due to a slide in crude oil prices. Penn West, one of Canada's largest conventional oil producers, also cut its dividend to 3 Canadian cents per share from 14 Canadian cents. Penn West and Husky join several Canadian oil producers such as Cenovus Energy...

  • Dec 17- Husky Energy Inc, Canada's No. 3 integrated oil company, said it expects its capital spending to drop by a third in 2015 compared with 2014, becoming the latest Canadian producer to scale back spending as oil prices fall. Husky, controlled by Hong Kong billionaire Li Ka- shing, said it would spend about $3.4 billion in 2015, with about three-quarters going...

  • *Oil price slump could herald return of mega-mergers. LONDON, Dec 10- Plunging oil prices look set to trigger another wave of industry consolidation after a decade when mega-deals were scarce, but investors want to see mergers that can squeeze out cost savings and only after a lavish dividend is paid. "Anyone who doesn't think consolidation is going to happen must...

  • *Asset sales have yielded $150 billion over four years. LONDON, Nov 28- With oil company revenues set to drop on the back of a rout in prices, boards will have to cut investments and increase borrowing to maintain their cherished dividend payouts. The world's top oil companies including BP, Royal Dutch Shell, Total, ExxonMobil and Chevron are already in the midst of a...