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Oil and Gas Exploration

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  • Chevron profit beats on higher oil, gas prices Friday, 1 Aug 2014 | 10:18 AM ET
    The Chevron logo is displayed at a Chevron gas station in Greenbrae, Calif.

    Chevron reported second-quarter earnings on Thursday that beat Wall Street's expectations.

  • Higher oil prices lift Exxon profit; production sags Thursday, 31 Jul 2014 | 10:37 AM ET

    ExxonMobil reported a stronger-than-expected profit on Thursday as higher prices for its crude and natural gas offset a 6 percent drop in production.

  • LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.

  • US oil's new 'Big Three' form million barrel club Sunday, 27 Jul 2014 | 9:00 AM ET
    An oil pump operates in the Permian Basin oil field near Carlsbad, New Mexico.

    The Bakken, Eagle Ford and Permian Basin are generating more than a million barrels of oil per day each, a third of U.S. daily production.

  • This surprising asset may become a new safe haven Friday, 25 Jul 2014 | 12:34 PM ET
    A worker secures a section of drill pipe on a crude oil rig outside New Town, N.D.

    U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.

  • *U.S. sanctions on Russia include Rosneft, Exxon's partner. OSLO, July 21- An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for Exxon Mobil Corp..

  • Shale upstarts merge in long shadow of Big Oil Monday, 21 Jul 2014 | 12:58 PM ET
    Pump jacks and wells on the Monterey Shale formation in California

    Even as U.S. shale companies pursue mergers, analysts don't expect them to become echoes of Big Oil deals that eventually fell flat.

  • But away from the bad-tempered litigation in U.S. courts, which has dominated the news about Argentina for months, the country is experiencing an oil drilling boom as international companies seek to cash on its huge shale resources.

  • *U.S. sanctions on Russia include Rosneft, Exxon's partner. OSLO, July 21- An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for ExxonMobil.

  • *Gross refining margin $8.7/ bbl in Q1 from $8.4/ bbl yr ago. MUMBAI, July 19- Indian energy conglomerate Reliance Industries Ltd's quarterly net profit topped market expectations, bolstered by strong revenue growth in its oil and gas business and higher margins in its core refining business.

  • Texas judge upholds $3 million fracking verdict Tuesday, 15 Jul 2014 | 7:24 PM ET

    A Texas judge upheld a $3 million verdict in favor of a family who claimed that oil and gas drilling near their land made them sick.

  • Texas judge upholds $3 million fracking verdict Tuesday, 15 Jul 2014 | 5:40 PM ET

    July 15- A Texas judge upheld a $3 million jury verdict by ruling in favor of a family who claimed that oil and gas drilling near their land made them sick, in a landmark case hailed as a victory by anti-fracking activists. Judge Mark Greenberg on July 9 entered a final judgment for the Parrs and denied Aruba's bid to overturn the multimillion dollar jury award.

  • Big shale deal may be easy money or strong market Monday, 14 Jul 2014 | 10:03 AM ET
    Traders on the floor of the New York Stock Exchange.

    Big mergers are afoot. But is a major shale oil deal a sign of a strong market?

  • Whiting, Kodiak create Bakken shale powerhouse Monday, 14 Jul 2014 | 8:22 AM ET
    A construction worker specializing in pipe-laying sandblasts a section of pipeline in North Dakota.

    Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.

  • US oil output booms—now refiners have to catch up Sunday, 13 Jul 2014 | 12:02 PM ET

    The United States is swimming in oil and gas. However, processing this bounty is posing a challenge to U.S. refiners.

  • HAVANA, July 11- Russian President Vladimir Putin pledged to help revive Cuba's struggling offshore oil exploration on Friday at the start of a six-day tour of Latin America as Russia aims to reassert its influence on the communist-ruled island.

  • Saudi America? Close...but no cigar: Analysts Thursday, 10 Jul 2014 | 10:53 AM ET
    Construction of the Keystone Pipeline in Prague, Okla., (L) and an oil pipeline in northeastern Saudi Arabia.

    The U.S. is producing vast amounts of oil—but isn't quite in Saudi Arabia's league just yet, according to experts.

  • LONDON, July 10- Two years ago Total's chief Christophe de Margerie launched a "high risk, high reward" oil exploration strategy, betting he could hit a bonanza, even though his rivals had failed to make big discoveries.

  • MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.

  • RIO DE JANEIRO, July 8- Brazil's most promising offshore oil province, the Santos Basin, has 400 times the number of oil leaks as its older and more prolific neighbor, the Campos Basin, a Brazilian university study says, raising concern about the environmental sustainability of the country's new oil wealth.