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Oil and Gas Exploration

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  • Total CEO killed in Moscow plane accident Tuesday, 21 Oct 2014 | 4:03 AM ET
    Christophe de Margerie, chief executive officer of Total SA

    The chief exec of Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport.

  • Report oil found in Paraguay; gov't cautious Monday, 20 Oct 2014 | 12:26 PM ET

    ASUNCION, Paraguay— A British energy company said on Monday that it made its first major oil discovery in Paraguay's Chaco Basin, though the government said it's too soon to tell if the find is commercially viable. Shares of London- based President Energy doubled after the oil explorer announced the discovery of light oil in the Lapacho well some 280 miles north...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, said there were no signs of a slowdown in drilling activity despite the recent 25 percent fall in oil prices. Halliburton's shares rose about 2.5 percent in early trading after the company reported a better-than-expected quarterly profit and raised its quarterly dividend.

  • TOKYO, Oct 15- Japan's Nikkei share average snapped a five-day losing streak on Wedneday, but gains were limited by investor worries about the slowing global economy and the deadly Ebola virus. Denso climbed 1.7 percent and Shin-etsu Chemical gained 2.6 percent. Oil shares Inpex Corp and Japan Petroleum Exploration Co underperformed, slipping 1.2 percent and...

  • 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.