A rise in U.S. seismic activity, coinciding with the energy boom, has left both sides of the fracking debate more polarized than ever.» Read More
NEW YORK, April 17- Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. These draw representatives from mainstream investment firms like T. Rowe Price, Gabelli& Co and Morgan Stanley& Co..
*Schlumberger first-quarter profit $1.21/ share vs est. *Baker Hughes first-quarter adjusted profit $0.84/ shr est. April 17- Oilfield services companies Schlumberger Ltd and Baker Hughes Inc reported better-than-expected quarterly profits and signaled an improvement in the North American market, driven by increased drilling in the Gulf of Mexico.
NEW YORK— General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results. GE earned $3 billion on revenue of $34.18 billion in the year's first three months, down from $3.5 billion on revenue of $34.94 billion during the same period last year.
BP PLC rose$. 62 or 1.3 percent, to $48.39. ConocoPhillips rose$. 84 or 1.2 percent, to $73.78. Exxon Mobil Corp. rose $1.26 or 1.3 percent, to $99.94.
BP PLC rose$. 52 or 1.1 percent, to $48.29. ConocoPhillips rose$. 53 or. 7 percent, to $73.47. Exxon Mobil Corp. rose$. 82 or. 8 percent, to $99.50.
LONDON, April 16- When U.S. firm ConocoPhillips spun off its refining assets in 2011 to focus on more profitable oil production, it seemed only a matter of time before one of the oil majors followed suit. Europe's oil refining guru, Marcel van Poecke, believes the move will be repeated one day. They say:' We can buy BP for upstream and Valero for downstream.
BP PLC rose$. 43 or. 9 percent, to $48.20. ConocoPhillips rose$. 43 or. 6 percent, to $73.37. Exxon Mobil Corp. rose$. 83 or. 8 percent, to $99.51.
BP PLC rose$. 09 or. 2 percent, to $47.54. ConocoPhillips rose$. 64 or. 9 percent, to $71.51. Exxon Mobil Corp. rose $1.14 or 1.2 percent, to $97.86.
Helped by strong government support, plentiful labour and an abundant supply of raw materials like steel, China could become a major offshore oil equipment manufacturing hub in less than 10 years, industry executives say, just like Singapore and South Korea overtook the United States and Europe in the 1990 s.
BP PLC rose$. 32 or. 7 percent, to $47.77. ConocoPhillips rose$. 56 or. 8 percent, to $71.43. Exxon Mobil Corp. rose $1.15 or 1.2 percent, to $97.87.
*Seen as key for expansion of Angola's oil industry. PARIS/ LUANDA, April 14- France's Total said it would go ahead with a deepwater project offshore Angola after cutting its cost to $16 billion, keeping Africa's No.2 producer on track to expand its oil industry.
BP PLC fell$. 24 or. 5 percent, to $47.21. ConocoPhillips fell$. 13 or. 2 percent, to $70.74. Exxon Mobil Corp. rose$. 14 or. 1 percent, to $96.86.
PARIS, April 14- French oil company Total said on Monday it had decided to go ahead with its Kaombo oil project offshore Angola after lowering its cost by $4 billion to $16 billion. Angola is Africa's second largest oil producer and it wants to increase production to 2 million barrels per day next year from 1.73 mbpd in 2013..
China wants to wean itself off its dependence on energy imports, but drilling for shale comes with risks attached, the New York Times reports.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 percent to 45 percent below their recent peaks. NEW YORK— Investors drove the stock market lower for a second straight day Friday as they grew anxious that earnings growth was faltering.
IRVING, Texas— The CEO of Exxon Mobil Corp. received compensation worth $28.1 million last year, a 3 percent increase over the previous year, according to an Associated Press analysis of a company regulatory filing.
BP PLC fell$. 67 or 1.4 percent, to $47.61. ConocoPhillips rose $1.31 or 1.9 percent, to $71.02. Exxon Mobil Corp. fell$. 29 or. 3 percent, to $96.49.
OSLO, April 11- Royal Dutch Shell has dropped one of Norway's biggest and most innovative industrial projects due to rising costs and complexity, dealing a blow to a technology that some hope could revolutionise offshore production.
BP PLC rose$. 06 or. 1 percent, to $48.84. ConocoPhillips fell $1.14 or 1.6 percent, to $70.41. Exxon Mobil Corp. fell$. 01 or percent, to $97.32.
SAN RAMON, Calif.— Chevron Corp. said Wednesday that profit in the first quarter would slip below the fourth-quarter earnings on lower oil and gas production. Chevron said production was hurt by weather-related interruptions in Kazakhstan, Canada, and the United States.