Two market pros explain where they are looking to make money in this market, and what names are on their buy list.» Read More
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.
LONDON, July 7- Exploring for oil and gas is like gambling: it's all about playing probabilities, and using technology and skill to improve the odds.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 1,874.. Pennsylvania declined by five, California lost three, Louisiana was down two and Colorado and Kansas both were off one. Alaska, Arkansas, North Dakota, Ohio, Utah and Wyoming were unchanged.
LONDON, June 30- "Equality of opportunity as we have known it no longer exists," Franklin Delano Roosevelt warned gloomily in September 1932. In a campaign speech to the Commonwealth Club of San Francisco, the Democratic Party's nominee for president of the United States told his listeners that "opportunity in business has narrowed.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by 15 this week to 1,873.. Of the major oil- and gas-producing states, Oklahoma gained eight rigs, Pennsylvania gained two and Alaska, California, Colorado, North Dakota and Ohio each gained one.
BASRA, Iraq, June 18- The head of Iraq's state-run South Oil Company Dhiya Jaffar said on Wednesday that Exxon Mobil has carried out a "major evacuation" of their staff and BP had evacuated 20 percent of its staff.
*Questions mount if Iraq can increase oil output at all. MOSCOW/ NEW DELHI, June 17- Some oil companies are pulling foreign staff from Iraq, fearing Sunni militants from the north could strike at major oilfields concentrated in the Shi'ite south despite moves by the Baghdad government to tighten security.
Halliburton has gone from laggard to leader among energy stocks, leading an oil-service sector rally. Is it time to take the money and run?
Some of the names on the move ahead of the open.
NEW YORK, May 25- Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes:.
The North Carolina Senate voted to make disclosing chemicals used in fracking a misdemeanor as environmentalists call for more disclosure.
May 22- The North Carolina Senate on Thursday voted to make it a crime to disclose the chemicals used in hydraulic fracturing, or fracking, even as big U.S. oil companies elsewhere consider releasing more information about the fluids to address public concerns about the environment.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
BEIJING, May 21- Sinopec Group said it is forming a joint venture oilfield services company with U.S.-listed Weatherford International, a move that may give the Chinese state energy firm the lead in tapping the nation's potentially vast shale resources.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.
The environmental group Earthjustice petitioned the EPA to consider the rules on fracking fluids. Jones told reporters the EPA wants to learn what is happening at the state level and what voluntary mechanisms are available for reporting. Deborah Goldberg, an attorney with Earthjustice, said the EPA was being "less than aggressive" on the issue.
OSLO, April 30- Oil services firm Aker Solutions said on Wednesday it would split into two, keeping its best assets in a streamlined firm under new management as the market sours for several of its top business segments.
NEW YORK, April 25- Since late February, when investors fell out of love with biotechnology and other high-flying stocks, the market's fuel has been oil. The sector will look to build on recent gains when bellwethers Exxon Mobil Corp, Chevron Corp and ConocoPhillips report results next week.
The U.S. energy renaissance has coincided with a boom in energy-related stocks, one that investors are starting to notice.
OSLO, April 22- Oil services firms Baker Hughes and Aker Solutions agreed on Tuesday to form an alliance for their subsea divisions in an attempt to reduce costs as their customers- oil companies around the world- cut back on spending.