Stocks Fall After Fed Minutes Show Willingness to Taper in June
Oil and Gas Exploration
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NEW YORK-- Shares of Pioneer Natural Resources climbed to an all-time high Wednesday after announcing that its first horizontal Wolfcamp Shale well is putting up some healthy production numbers.
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NEW YORK-- Shares of Pioneer Natural Resources climbed to an all-time high Wednesday after announcing that its first horizontal Wolfcamp Shale well is putting up some healthy production numbers.
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SPRINGFIELD, Ill.-- A groundbreaking deal to regulate high-volume oil and gas drilling in Illinois cleared a top House committee Tuesday, setting up a floor vote on a measure that supporters say would bring tens of thousands of jobs to struggling areas in the southern part of the state. "I live in southern Illinois. I drink the water in southern Illinois.
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The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.
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HOUSTON-- Hercules Offshore Inc. said Monday that it will sell the bulk of its inland barge rigs as part of the oil and gas drilling company's shift to focus on more profitable parts of its business. The Houston- based company said it will sell 11 inland barge rigs, three of which are active, for $45 million.
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Chesapeake Energy hired Robert Douglas Lawler of rival Anadarko Petroleum as its new chief executive.
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Transocean said shareholders voted out Chairman Michael Talbert at the annual meeting and backed a nominee of Carl Icahn to the board.
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Hess and Elliott Management ended a long-running proxy feud, settling on a mix of new directors and putting a battle over the company's strategy behind them.
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CHICAGO-- Supporters of high-volume oil and gas drilling said Wednesday that they hope for a quick vote on a bill to regulate the practice in Illinois after reaching agreements on hiring and environmental concerns.
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The concept of US energy independence is sparking debates about what it may mean for oil prices, and Saudi Arabia is doing a lot of the debating.
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PITTSBURGH-- There's been plenty of controversy over Marcellus Shale natural gas drilling in Pennsylvania, and now tax rates are part of the debate, too.
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ANKARA, May 14- A Turkish firm is partnering with the Kurdistan Regional Government and Exxon Mobil to carry out oil exploration in northern Iraq, Turkey's prime minister said on Tuesday, taking Turkey's cooperation with Iraqi Kurds on energy one step further.
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RIO DE JANEIRO, May 14- Brazil's Petrobras and OGX, Britain's BP Plc and France's Total were some of the winners of Brazilian deepwater offshore oil and natural gas exploration blocks in the frontier region of Brazil's Foz do Amazonas offshore basin at an auction on Tuesday.
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LONDON, May 14- BG Group is to focus more tightly on oil and gas exploration, Liquefied Natural Gas, and bringing partners into projects at an early stage, in a bid to boost value per barrel after being forced to abandon ambitious output growth targets.
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Transocean Ltd. said Monday that J. Michael Talbert plans to retire as chairman of the oil drilling company's board by November. The move comes amid intense pressure on Transocean from billionaire investor Carl Icahn, who is seeking shareholder approval for his own slate of board nominees and a higher dividend from the company.
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Everything seems to have gone wrong for the nuclear industry, which a few years ago was seen as a potential competitor to fossil fuels and was gearing up for a renaissance.
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PITTSBURGH-- A boom in natural gas drilling in Pennsylvania is generating billions of dollars for companies and private landowners, but some experts question whether the state's low effective tax on the bounty makes long-term sense. Unlike most leading oil and gas producing states, Pennsylvania doesn't link fees to how much gas comes out of the well.
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Hess plans to split the roles of chief executive and chairman, countering efforts by an activist investor to shake up management at the oil and gas producer.
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The Marcellus Shale, a 600-mile formation brimming with natural gas, is becoming a major asset in the U.S. energy boom.
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LONDON, May 8- North Dakota's leading oilfield operators hope to squeeze much more oil from its shale formations by drilling wells closer together- a bold experiment that could raise ultimate recovery by billions of barrels if it succeeds.
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May 7- SandRidge Energy Inc said its board, which now includes directors named by activist investors, has cut spending and the U.S. oil and gas company will now focus on drilling its most productive acreage in the Mississippian formation. Shares of SandRidge were nearly unchanged in post-market trade from a New York Stock Exchange close of $5.39.