Maersk is to lead a £3 billion project to develop the largest gasfield discovered in the U.K. North Sea for a decade, the FT reports.» Read More
July 31- Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Evan Calio, an analyst with Morgan Stanley, said on Exxon's earnings conference call that the oil giant appeared to be less vocal than its peers...
Oil majors trim everything but dividends
July 30- Oil and gas producer Penn Virginia Corp had put itself on the block but received no "credible bids," Chairman Edward Cloues said on Thursday, a day after the company cut its 2015 production forecast. Penn Virginia's shares plunged 35 percent to an all-time low of $1.33, valuing the company at about $96 million. Radnor, Pennsylvania- based Penn Virginia is an...
CALGARY, Alberta, July 29- Canada's Conservative government is studying whether to extend Arctic drilling licenses, a move that could open the door to relinquishing millions of dollars in deposits paid by major energy companies. The government review began after Imperial Oil Ltd said last month it and partners Exxon Mobil Corp and BP Plc needed more time...
A large draw down in crude inventories has taken everyone by surprise.
Oil giant Total reported that net profit fell 2 percent in the second quarter, as the company sped up its cost-cutting drive.
Leon Cooperman wouldn't be buying energy stocks aggressively, but here is where he is putting his money.
While big-name oil stocks rose in tandem with the commodity Tuesday, they're still slated to struggle, one industry analyst said.
CNBC "Halftime Report" trader Jim Lebenthal is buying an energy stock he believes will move higher regardless of the direction of oil prices.
Europe ended in positive territory on Tuesday, as investors kept an eye on the slew of earnings and the start of the Federal Reserve meeting, while British insurer RSA surged 20%.
Michael Hulme, commodity equities fund manager at Carmignac, talks about BP's future following its Q2 earnings.
U.S. stocks were tipped to open higher on Tuesday, ahead of the start of the U.S. Federal Reserve's two-day meeting, a raft of earnings and data.
Some of the names on the move ahead of the open.
U.S. stocks have some powerful negatives tugging at them, not the least of which are the Shanghai "panda bear" market and a global commodities rout.
Oil giant BP reported a $6.3 billion loss on Tuesday, and warned that low oil prices are here to stay.
BP, the oil giant, announced a second-quarter replacement cost loss of $6.3 billion, and warned low oil prices are here to stay.
Jonathan Barratt, chief investment officer at Ayers Alliance Securities, explains why he's expecting weaker second-quarter results for BP.
Earnings have been largely positive this season, but some traders say bad news could be right around the corner.
The Fed meets next week, but a commodities meltdown and earnings season are adding to concerns about global growth and may steal some of its thunder.
The world's big energy groups have shelved $200 billion of spending on new projects in a round of cost-cutting aimed at protecting investors. The Financial Times reports.