RENO, Nev.— An unprecedented attempt to protect sage grouse habitat across parts of more than 900 square miles of privately owned land in Nevada will begin under a deal Thursday involving the federal government, an environmental group and the world's largest gold mining company. The agreement comes as the U.S. Fish and Wildlife Service approaches a fall...» Read More
Oil's recovery may be short-lived, but some analysts believe now is the time to get back into energy stocks.
*Brent rose above $60 a barrel last week as US rig count fell. SINGAPORE, Feb 16- Oil prices were steady on Monday, with traders saying the recent upward momentum was continuing as Japan emerged from recession and after U.S. oil drilling fell. Japan's economy rebounded from recession in the final quarter, and although the data was weaker than expected, the return to...
Energy bonds took a hit from fears low oil prices would spur a surge in defaults, but most issuers should stay resilient, Goldman Sachs said.
The life cycle of U.S. shale oil wells could put a question mark over American output and price stability.
OPEC is claiming victory in the latest oil war. Here's what the US needs to do, says Ron Insana.
Oil prices will get a heck of a lot worse before they get better, a top industry analyst said on Tuesday.
Halliburton will layoff between 6.5 and 8 percent of its global staff, the oil field services company said Tuesday.
The International Energy Agency (IEA) has released a warning saying that the oil prices may continue to fall, as crude oil stocks increase. Maria van der Hoeven, executive director at IEA, discusses the findings, saying that the "future market will never be the same" as before.
Feb 10- KKR& Co LP on Tuesday reported an 89 percent drop in fourth-quarter profit, much steeper than expected, becoming the latest alternative asset manager to report lower earnings because of plunging oil prices. Peer Apollo Global Management LLC said last week its fourth-quarter profit fell by 79 percent. Adding to its woes was U.S. oil and gas producer Samson...
Ken Kamen, president at Mercadien Asset Management, talks about the U.S. markets in terms of the low oil price.
BEIJING, Feb 8- A deepsea natural gas discovery in the northern part of the South China Sea has certified proven reserves exceeding 100 billion cubic metres, making it one of China's biggest offshore finds, Chinese state television reported. Offshore oil and gas specialist CNOOC Ltd announced the discovery last August after striking high flows of gas in the...
Shale analyst Mike Kelly is so confident in his top oil pick that even his grandmother is taking his advice and buying the stock.
*Global oil rig count down 261 in Jan- Baker Hughes data. *Coming Up: Baker Hughes weekly rig data for week to Jan. 30 at 12:00 p.m. ET. The worldwide count for oil drilling rigs fell by 261 in January, oil services firm Baker Hughes said.
Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.
The first half of 2015 will be "good news for consumers" and bad news for oil producers, says Richard Mallinson, geopolitical and oil analyst at Energy Aspects.
Hedge fund buying may be partly behind the recent rebound in battered oil prices, former Shell Oil President John Hofmeister tells CNBC.
LONDON, Feb 2- Oil prices surged 8 percent on Friday as the market digested news another 94 rigs previously drilling for oil in the United States had been idled over the previous week. Continental Resources, one of the largest drillers in North Dakota's Bakken shale, promised late last year it would cut the number of rigs it employs by 30 percent by the end of the...
A former top oil executive says the price of gas at the pump could double by year's end, even as consumers are enjoying low prices.
KHOBAR, Saudi Arabia, Feb 1- State oil giant Saudi Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economizes in an environment of low crude prices, industry sources said on Sunday. The cost of operations in the Red Sea, a new area for Saudi Aramco, was around $1 million per day, said two...
Oil prices are in the midst of a prolonged slump, squeezing bottom lines everywhere. How do sovereign wealth funds cope?