Oil prices may not recover until after Q1 2016 but it’s not all bad news for the sector, says oil analyst Andy Lipow. Here's how to play it.» Read More
Investor Carl Icahn has purchased a big stake in Anadarko Petroleum, according to regulatory filings, suggesting the billionaire investor is betting on further consolidation in the oil services sector.
Mitsubishi Corp., Japan's biggest trading house, said on Friday it had been in contact with Anadarko Petroleum of the United States about buying a stake in an oil and gas field in the Gulf of Mexico.
Independent oil and gas company Anadarko Petroleum said that quarterly profit rose, helped by the sale of its Canadian business.
Anadarko Petroleum could reduce its U.S. payroll by an estimated 500 jobs -- about 10% of its global work force -- as the independent oil and gas producer restructures itself after two big acquisitions, the company said Tuesday.
In our Big Money '07 series we're looking to energize your portfolio-- literally-- as we look at the best ways for investors to make money in the energy sector. On "Morning Call" two guests give their stock "picks." Fadel Gheit is Senior Energy Analyst with Oppenheimer & Company and Bob Morris is oil and gas analyst with Bank of American Securities.