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Oil and Gas Exploration

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  • 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.

  • US oil flourishes, but Alaska gets frozen out Sunday, 17 Aug 2014 | 11:00 AM ET
    Arctic National Wildlife Refuge, Alaska

    As the U.S. muscles its way back into the very top echelon of global oil and gas production, Alaska is being left in the dust.

  • The oil spike that wasn't: Prices defy turmoil Thursday, 14 Aug 2014 | 7:47 AM ET
    Pump jacks and wells on the Monterey Shale formation in California

    The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?

  • HONG KONG, Aug 14- Petrovietnam has bid for a stake in Murphy Oil Corp's Malaysian oil and gas assets, challenging other suitors including Mitsubishi Corp and Indian state oil companies, a person with direct knowledge of the plan said. Murphy Oil and other U.S. oil companies are reducing overseas holdings as oil and gas exploration prospects improve at home.

  • MEXICO CITY, Aug 13- Mexico will assign oil and gas exploration and production contracts to foreign and private companies between next May and September under a major sector overhaul, prioritizing areas that boost output quickly and leaving trickier deep water for later, the country's energy regulator said on Wednesday.

  • After offshore oil failure, Cuba shifts energy focus Monday, 11 Aug 2014 | 12:54 PM ET

    *Russia and China balk at deepwater oil exploration. HAVANA, Aug 11- Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.

  • LONDON, Aug 11- U.S. oil producer Hess Corp has suspended oil-drilling operations in Iraqi Kurdistan and started to evacuate non-essential staff amid spreading violence in the region, its minority partner Petroceltic said.

  • Exxon Mobil starts drilling in Russia's Arctic Saturday, 9 Aug 2014 | 7:08 AM ET
    Russia's Prime Minister Vladimir Putin (L) speaks with ExxonMobil President and Chief Executive Officer Rex Tillerson (R)

    Exxon Mobil began drilling for oil in the Arctic on Saturday in a project with Rosneft, despite sanctions imposed on the Russian company.