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  • 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...

  • *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, or majors, including BP, Royal Dutch Shell, Total, ExxonMobil and Chevron are already in the...

  • Other possible winners from the Halliburton deal Tuesday, 18 Nov 2014 | 3:13 PM ET
    A worker on a oil and gas drilling rig.

    A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.

  • BOSTON, Nov 6- Welcome back "Big Oil." The strong balance sheets and diversified global operations of majors like Exxon Mobil Corp, Chevron Corp and BP plc, have sheltered index funds and some active portfolio managers from the worst of a volatile ride on energy markets, where oil prices have plunged 21 percent since early August. The $33 billion Ivy Asset Strategy...

  • OSLO, Oct 28- Big oil and gas finds in waters along Europe's northern edge may remain undeveloped now that oil prices have dropped, keeping potential supply of over a billion barrels of oil equivalent out of the market for the foreseeable future. Projects such as Statoil's $15.5 billion Johan Castberg in the Barents Sea and smaller finds by Shell, OMV and others...

  • Oct 23- Canadian oil and gas producer Husky Energy Inc reported an 11.5 percent rise in quarterly profit, helped by a 10 percent increase in production. Canada's No.3 integrated oil company, controlled by Hong Kong billionaire Li Ka- shing, said total production rose to 341,000 barrels of oil equivalent per day in the third quarter ended Sept. 30, from 309,000 boepd...

  • Oct 23- Husky Energy Inc, Canada's No.3 integrated oil company, reported an 11.5 percent rise in third-quarter profit, helped by an increase in production. The company, controlled by Hong Kong billionaire Li Ka- shing, said net income rose to C $571 million, for the quarter ended Sept. 30, from C $512 million a year earlier. The Calgary, Alberta- based company said total...

  • Interns for the win: Top 10 corporate internships Thursday, 13 Feb 2014 | 5:15 PM ET

    Will you learn something? Will you make connections? Will they PAY you? See Glassdoor's advice on the best place to secure an internship.

  • No Prenup, Secret Video May Cost One CEO a Fortune Friday, 14 Jun 2013 | 8:16 AM ET
    Harold Hamm and his wife Sue Ann Hamm, in April, 2012

    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.