Technology made the US oil shale boom. New technology may allow oil giants Saudi Arabia and Norway to become the next fracking boomers.» Read More
US oil companies have quickly become the new swing factor in the oil market. How they react to the crash will be key to future oil prices.
Today marks the fifth anniversary of the BP oil spill in the Gulf of Mexico. Tom Bergin, author of "Spills & Spin" and correspondent for Reuters, talks about the company's management of the spill.
A group of investors sees a climate-related profit squeeze on oil, and they're calling for better disclosure from energy companies.
HOUSTON, April 16- Striking workers at the Marathon Petroleum Corp's Galveston Bay refinery in Texas City, Texas, rejected the company's "last, best and final" contract offer, according to a union official representing the workers. In rejecting the offer, the United Steelworkers told Marathon it was willing to resume negotiations on Monday in an effort to end the...
April 15- The administrator overseeing a BP Plc fund to compensate people and businesses claiming they were harmed by the 2010 Gulf of Mexico oil spill said on Wednesday more than $5 billion has been paid out. A total of $5.037 billion has been paid to 62,162 claimants, the administrator, Patrick Juneau, said in a statement on his website for spill claims.
Even brands that are part of our cultural landscape cannot withstand the test of time. Here's some that vanished over the last 25 years.
HOUSTON, April 12- More than 400 striking hourly workers represented by the United Steelworkers union at Lyondell Basell Industries' Houston refinery are scheduled to vote on the company's last, best and final offer on Monday and Tuesday, a local union official said on Sunday. USW Local 13 -227' s executive committee recommended on Sunday that the union's...
WASHINGTON, April 10- The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc oil spill in the Gulf of Mexico, the New York Times reported on Friday, citing Obama administration officials. The Interior Department could make the announcement as...
Spotting the next big energy sector could be tougher than investors expect, Henderson Global Investors' Matthew Beesley says.
Jonathan Barratt, chief investment officer of Ayers Alliance Securities, explains why Shell's $70 billion deal for BG group may just be the first of many energy mergers.
European equities closed mostly lower on Wednesday, despite a surge in energy stocks after Royal Dutch Shell launched a bid for U.K.-listed BG Group.
If you want to beat the market this year, you have to watch where the U.S. dollar and oil are trading, according to one investor who's trouncing the S&P 500.
Shell’s £47 billion ($69 billion) agreed deal for energy company BG Group has already sent shares in the UK energy utility up nearly 40 percent.
Royal Dutch Shell has confirmed it is in advanced talks to buy UK utility BG Group, in a £47 billion cash-and-shares offer.
Jim Lebenthal, current leader of the Halftime Report Portfolio competition, will answer all your market questions Wednesday in a CNBC Pro live webinar.
*Singapore marketing hubs save the two A $750 mln/ year- AFR. *Rio, BHP say the Singapore hubs not set up to save tax. MELBOURNE, April 7- Australia is pursuing global miners BHP Billiton and Rio Tinto for shifting billions of dollars in iron ore profits through marketing hubs in Singapore that pay almost no tax, the Australian Financial Review reported on Tuesday.
PERTH, March 28- U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A $4.7 billion in Asia's biggest block deal this year, as falling oil prices and high costs hurt margins. Offshore institutional investor demand for the 50 percent stake in Australia's biggest refiner was strong, with bidding driving the final price to A $35 a share,...
HONG KONG/ SYDNEY, March 27- U.S. energy firm Chevron is seeking to sell its entire stake in Caltex Australia Ltd for about A $4.6 billion, exiting Australia's biggest refiner after nearly 40 years as falling oil prices and high costs hurt margins. A successful sale of Chevron's 50 percent stake, which the company is offering at a discount to market prices, would make...
Royal Dutch Shell plans further job cuts in its UK North Sea oil and gas business in 2015, adding to its cost cuts in response to falling oil prices.
HOUSTON, March 25- Striking workers at Tesoro Corp's Martinez, California, refinery have ratified a new contract, ending a 52- day strike at that plant, the United Steelworkers union said on Wednesday. USW members at the Martinez refinery were the last of three Tesoro groups to approve the contract based on a tentative national agreement reached between the...