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Oil and Gas Exploration

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  • Dems to Obama: Get off the dime on Keystone! Thursday, 10 Apr 2014 | 10:36 AM ET
    President Barack Obama at the TransCanada Stillwater pipe yard in Cushing, Oklahoma.

    Eleven Democratic senators urged Obama to make a final decision on whether to approve TransCanada Corp's Keystone.

  • China starts drilling into 'Roof of the World' Wednesday, 9 Apr 2014 | 10:24 AM ET
    Tibetan Plateau, China.

    China has begun drilling into the Tibetan Plateau to feed its appetite for raw materials, Oilprice.com reports.

  • US energy chief: Green means nuclear, too! Wednesday, 9 Apr 2014 | 9:03 AM ET
    U.S. Secretary of Energy Ernest Moniz.

    U.S. Energy Secretary Ernest Moniz declared a green loan program alive and well—and not just for renewable energy.

  • *Deal will also let Energen fund Permian basin drilling. *Energen shares up as much as 4 pct, Laclede falls as much as 3 pct. April 7- Energen Corp will sell its 150- year old natural gas utility Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash, helping it repay debt and fund drilling for oil and gas in the Permian basin.

  • Can Europe cut its reliance on Russian gas?     Monday, 7 Apr 2014 | 1:40 AM ET

    Andrew Lantham, vice-president of exploration research at Wood Mackenzie, discusses domestic gas exploration in Europe and whether it will be enough to offset its reliance on Russia.

  • Exxon agrees to share more data on fracking risks Friday, 4 Apr 2014 | 9:18 AM ET
    Pump jacks and wells are seen in an oil field on the Monterey Shale formation where gas and oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom, March 23, 2014 near McKittrick, California.

    Exxon Mobil has agreed to disclose more information about the risks of hydraulic fracturing, the process known as fracking.

  • Another way investors can play the US shale boom Thursday, 3 Apr 2014 | 11:51 AM ET

    U.S. energy independence's next phase has arrived—in the form of infrastructure development fueled by billions in private capital.

  • US oil export ban may have easy fix: Murkowski Wednesday, 2 Apr 2014 | 9:12 AM ET

    A top U.S. senator said a government office has the power to approve limited petroleum exports, and partly bypass a 40-year crude export ban.

  • Solar's spike tied to oil prices? Don't bet on it Sunday, 30 Mar 2014 | 11:00 AM ET
    Solar receivers and boilers on top of two towers are reflected in heliostats at the Ivanpah Solar Electric Generating System on March 3, 2014 in the Mojave Desert in California near Primm, Nevada.

    The link between oil prices and solar energy stocks has broken down, and that may be a good thing for renewable firms.

  • End US oil ban to blunt Russia: Continental CEO Wednesday, 26 Mar 2014 | 8:10 AM ET
    An oil-well site outside Williston, N.D.

    Lifting the ban on U.S. oil exports is the fastest way the drilling boom can counter Russia, Continental Resources' CEO will tell Congress.

  • SAN FRANCISCO, March 19- The council of the Los Angeles County city of Carson, California, has unanimously approved a 45- day moratorium on new oil and gas drilling, a setback for Occidental Petroleum's plans to drill more than 200 new wells there and the latest example of local governments taking a stand against fracking.

  • Birthday cards, but no cake: Fracking turns 65 Monday, 17 Mar 2014 | 11:21 AM ET
    Oil workers on a hydrofracking site.

    The oil and gas industry is celebrating a milestone on Monday: the birth of hydraulic fracturing.

  • Thomas Hilboldt, Head of Oil, Gas & Petrochemicals Research, Asia-Pacific at HSBC, says rising capital commitments and production costs will undermine the profitability of Chinese oil firms.

  • MELBOURNE, March 13- Origin Energy, in charge of coal seam gas drilling for the Australia Pacific liquefied natural gas project, said on Thursday it had stopped work at 12 sites in Queensland state as asbestos had been found in drilling fluids it was using.

  • MELBOURNE, March 13- Origin Energy, in charge of coal seam gas drilling for the Australia Pacific liquefied natural gas project, said on Thursday it had stopped work at 12 sites in Queensland state as asbestos had been found in drilling fluids it was using.

  • March 10- Minerals Technologies Inc said on Monday it would buy Amcol International Corp, which produces a type of clay used in everything from cosmetics to oil drilling, for about $1.7 billion as Imerys SA bowed out of a month-long bidding war.

  • LONDON, March 4- Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes in the Middle East and Africa. The boom is being led by the Middle East, where the number of rigs operating has tripled since 1999, and Africa, where the rig count is up almost four times.

  • OSLO, Feb 28- The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling said, providing a more optimistic forecast than other drilling firms. Activity in the deep waters off West Africa and Brazil will suffer the most, he said. "

  • Gold: A timeless insurance policy?     Thursday, 27 Feb 2014 | 5:45 PM ET

    Greg Smith, Group CEO at Global Commodities makes a case for investing in gold even as yellow metal trade relatively lower from its lofty highs.

  • Nat gas prices may hit you in the electric bill Wednesday, 26 Feb 2014 | 3:40 PM ET
    A construction worker specializing in pipe-laying sandblasts a section of pipeline outside Watford City, N.D.

    A surge in natural gas prices is playing out in consumers' utility bills this winter.

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