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Oil and Gas Exploration

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  • Saudis tell oil market: Get used to lower prices Monday, 13 Oct 2014 | 10:49 AM ET

    Saudi Arabia is telling oil market participants that it's fine with lower oil prices for an extended period.

  • NAIROBI, Oct 10- Tullow Oil said on Friday it was facing industrial action at a number of its drilling sites in northern Kenya, and a local leader said the company had evacuated some workers. Independent oil and gas explorer Tullow Oil and its partner in northern Kenya, Africa Oil, have struck commercially viable deposits of oil in the Lokichar basin in Turkana,...

  • TOKYO, Oct 10- Japan's Nikkei share average fell for a fourth straight day on Friday, hitting a two-month low on concern about the global economy, and falling crude oil prices hurt oil shares. Oil shares underperformed, with Inpex Corp falling 4.9 percent, while Japan Petroleum Exploration Co fell 1.8 percent after Brent crude futures tumbled nearly $2 to below...

  • South China Sea: Lots of oil, lots of uncertainty Thursday, 9 Oct 2014 | 12:56 PM ET
    Coast guard vessels from China (rear) and Vietnam in a disputed part of the South China Sea near China's oil drilling rig, May 14, 2014.

    The area is expected to hold billions of barrels of oil and trillions of cubic feet of gas, but energy firms are tentative about the region.

  • Cheap gas?! $3 (and under) a gallon in some areas Monday, 6 Oct 2014 | 3:23 PM ET
    A woman pumps gas at the Victory gas station in Pembroke Pines, Florida.

    According to GasBuddy, 10 percent of the nation's gas stations are now selling gasoline at less than $3 a gallon.

  • The deal with Kuwait Foreign Petroleum Exploration Co helps Chevron reduce production risk and gives it more capital to increase drilling in Alberta's Duvernay shale formation, one of North America's largest shale deposits. Chevron's Canadian subsidiary has exploration leases for about 330,000 net acres in the Duvernay shale formation.

  • Chevron CEO's vision for US energy plan Monday, 6 Oct 2014 | 11:03 AM ET
    John Watson, chairman and CEO of oil giant Chevron

    The US energy revolution is in danger. Here are three things US energy policy must focus on, says the CEO of Chevron.

  • Oct 6- Chevron Corp said it would sell a 30 percent stake in its Duvernay shale formation assets in Canada to Kuwait Foreign Petroleum Exploration Co for $1.5 billion. Chevron's subsidiary, Chevron Canada Ltd, has exploration leases for about 330,000 net acres in the Duvernay shale formation. The deal creates a partnership for appraisal and development of...

  • *Region supplied 5 percent of French oil needs in 1920 s. Merkwiller-Pechelbronn, France, Oct 1- S ustainably high oil prices have lured small oil explorers back to Alsace, the cradle of the French oil exploration industry that gave birth to corporate giants such as Schlumberger.

  • MOSCOW, Sept 29- Russia's Energy Ministry said on Monday the government was ready to support projects with foreign investment, Interfax news agency reported. It added that the government would support oil exploration at the Kara Sea offshore Arctic field, where Russian state energy company Rosneft was working alongside U.S. oil giant ExxonMobil.

  • Big Oil likely unfazed by divestments—for now Thursday, 25 Sep 2014 | 12:40 PM ET

    Renewable energy advocates got a boost this week from the Rockefeller Brothers Fund, but it's not enough to make the oil and gas industry fret just yet.

  • Lawmakers in U.S. oil heartland soften over export ban Thursday, 25 Sep 2014 | 1:00 AM ET

    NEW YORK, Sept 25- In the oil drilling and refining heartland of Texas, the debate over U.S. crude exports is no longer a fight over whether a 40- year ban should be lifted.

  • Sept 22- FMSA Holdings Inc said it expected its initial public offering of 44.5 million common shares to be priced $21- $24 per share. The company, which provides sand and sand-based products to oil and gas exploration and production companies, will raise about $1.07 billion at the top end of the expected price range.

  • Robots will take over, so you may as well profit Thursday, 18 Sep 2014 | 10:00 AM ET
    AeroVironment's small unmanned aircraft, the Raven Gimbal

    The age of robots as mankind's master is beginning, but don't be Terminator-terrified. Profit from the rise of the machines.

  • Fracking or drinking water: Must we choose? Friday, 12 Sep 2014 | 11:35 AM ET
    A crewman watches over water tanks used for hydraulic fracturing at an Anadarko Petroleum Corporation site near Brighton, Colo.

    Many shale-rich countries face a dilemma, says a new report. It might mean a choice between fracking for energy or having enough water to drink.

  • Democrats need to stop being cowards on fracking Wednesday, 10 Sep 2014 | 10:56 AM ET
    President Obama addressed the threat posed by ISIS extremists, and immigration reform in a wide-ranging interview with NBC's Meet the Press.

    Fracking is one area of the economy that's creating jobs. Dems like Obama and Cuomo need to stop delaying these projects, says Jake Novak.

  • Goals for China's shale growth look unrealistic Thursday, 4 Sep 2014 | 12:28 PM ET

    Chinese energy execs recently made bullish statements about shale growth there. But that may have been just to appease China, this analyst says.

  • OSLO, Sept 4- Norwegian oil and gas producer Statoil has drilled a dry well in Angola's pre-salt formations and failed to find commercially viable resources in a well in the Martin prospect in the U.S.

  • Mexico to receive major economic jolt, experts say Tuesday, 26 Aug 2014 | 4:23 PM ET
    Enrique Peña Nieto, Mexico's president, speaks about energy reform at Los Pinos, the presidential residence, in Mexico City in August 2014.

    Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.

  • An end to 'blood for oil'? Maybe not just yet Wednesday, 20 Aug 2014 | 2:26 PM ET
    Red Adair fire fighting crew work on a blown-out well damaged by retreating Iraqi soldiers in Al-Ahmadi oil field in southern Kuwait,  March 29, 1991.

    As booming shale pushes U.S. oil production to near 9 million barrels per day, some say U.S. strategic interests are being realigned.