Integrated Oil and Gas


  • Fourth-quarter adjusted net profit fell 19 percent to 2.47 billion euros, missing analysts' forecast for 2.69 billion euros, hit by shrinking refining margins, lower oil prices and delays at key fields such as Kazakhstan's Kashagan.

  • LONDON, Jan 21- Royal Dutch Shell's chief executive Ben van Beurden has, on the face of it, played the classic "new boss" card- using a barely justified profit warning to brighten his own future by making the past look bad.

  • Rice Energy sets IPO price range at $19-$21/share Monday, 13 Jan 2014 | 10:22 AM ET

    Jan 13- Natural gas exploration and production company Rice Energy Inc said it expects a price of between $19 and $21 per share for its IPO, valuing the company at up to $2.7 billion. NGP Holdings, Rice Energy's largest shareholder, will see its stake fall to 26.1 percent from 44.4 percent after the IPO.

  • NEW YORK, Jan 9- Independent U.S. refiner PBF Energy has begun talks with a half-dozen of its rivals to consider jointly lobbying Washington against lifting a decades-old ban on U.S. crude oil exports.

  • NEW YORK, Jan 8- Independent U.S. refiner PBF Energy has begun talks with a half-dozen of its rivals to consider jointly lobbying Washington against lifting a decades-old ban on U.S. crude oil exports, sources said on Wednesday.

  • Rice Energy files for $800 mln IPO Monday, 16 Dec 2013 | 6:24 PM ET

    Dec 16- Natural gas exploration and production company Rice Energy Inc filed with U.S. regulators on Monday to raise up to $800 million in an initial public offering of its common stock. The family-owned company is focused on Pennsylvania's Marcellus shale and Ohio's Utica shale.

  • *To focus spending on Australia, US, Trinidad and Tobago. LONDON, Dec 10- BHP Billiton, the world's largest miner and a top investor in U.S. onshore oil and gas, said on Tuesday its U.S. shale business should generate cash from 2016, contributing almost $3 billion a year to the group by the end of the decade.

  • Natural gas company Rice Energy files for IPO Monday, 9 Dec 2013 | 8:27 AM ET

    Dec 9- Natural gas exploration and production company Rice Energy Inc said it had filed with U.S. regulators to go public. Reuters reported in October that the privately held company, founded by former BlackRock Inc portfolio manager Daniel Rice and his children, planned a stock offering that could value the company at up to $2.5 billion.

  • MEXICO CITY, Nov 20- The chief executive of Mexico's state-run oil monopoly Pemex on Wednesday criticized the compensation paid to the chairman of Spain's Repsol as excessive, amid a tussle over the handling of a dispute involving Argentina.

  • LONDON, Nov 15- Ageing North Sea fields are being abandoned by oil majors and increasingly rely on national oil companies from countries such as China and large service providers to keep the oil- and tax revenues- flowing.

  • MADRID, Nov 7- Spanish oil major Repsol cut its 2013 production growth target on Thursday to reflect outages in conflict-hit Libya, which it also blamed for a decline in third-quarter profit.

  • LONDON/ HOUSTON, Oct 31- Oil industry shareholders concerned about poor returns and costly projects urged executives from Big Oil this week to return cash to shareholders- and at least one of the world's top five petroleum companies fully acquiesced.

  • Oct 24- Canadian oil producers Cenovus Energy Inc and Husky Energy Inc said their refining margins were hurt as the price difference between crude oil and the petroleum products extracted from it narrowed sharply.

  • No Prenup, Secret Video May Cost One CEO a Fortune Friday, 14 Jun 2013 | 8:16 AM ET
    Harold Hamm

    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 Snatches Away Rival's Exec as New CEO Monday, 20 May 2013 | 8:34 AM ET
    Workers prepare for adding pipe at a Chesapeake Energy natural gas drilling site.

    Chesapeake Energy hired Robert Douglas Lawler of rival Anadarko Petroleum as its new chief executive.

  • GE to Buy Oil & Gas Giant Lufkin for $3.38 Billion Monday, 8 Apr 2013 | 8:45 AM ET

    General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.

  • Pipeline Spills Stir New Criticism of Keystone Plan Wednesday, 3 Apr 2013 | 7:20 AM ET
    A weld inspector during construction of the Gulf Coast pipeline in Prague, Okla.

    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.

  • How Shareholders Are Squeezing the Fracking Industry Thursday, 15 Nov 2012 | 3:26 PM ET

    Activism surrounding fracking has now migrated into the ranks of actual shareholders in the companies that perform fracking.

  • Oil tanker

    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.

  • Keystone XL Looking Like Pipeline to Nowhere Thursday, 28 Jun 2012 | 11:44 AM ET
    Alberta Oil Sands

    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.

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