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  • WILLISTON, N.D., July 29- U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their...

  • Hess reports 2Q loss Wednesday, 29 Jul 2015 | 7:39 AM ET

    NEW YORK— Hess Corp. on Wednesday reported a second-quarter loss of $567 million, after reporting a profit in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 70 cents per share. Three analysts surveyed by Zacks expected $1.64 billion.

  • BOSTON, July 12- U.S. companies often pay their CEOs far too much compared with their lowest-paid workers as boards of directors compete to compensate their top executives more than peers. "It would be healthier for our society if CEOs were paid less," said Michael Kagan, who oversees about $9 billion in assets as a senior portfolio manager at ClearBridge...

  • WILLISTON, N.D./ HOUSTON, July 9- A handful of optimistic U.S. shale drillers are sticking with plans to deploy more rigs in the coming months even as oil prices take a sharp dive well below many producers' $60- a-barrel breakeven point. On Wednesday, Pioneer Natural Resources Co. became the first big company to publicly confirm it was drilling more wells, saying it had...

  • HOUSTON, June 15- A tropical disturbance packing heavy rains in the Gulf of Mexico was slated to drench the coast of Texas just weeks after floods killed about 30 people in the state, the National Weather Service said. Flash flood watches were in effect for central Texas and in the Houston area, regions where flooding last month turned streets into rivers,...

  • June 11- Oil and natural gas producer Hess Corp said it would sell half of its Bakken midstream assets to private equity firm Global Infrastructure Partners for $2.68 billion to form a master limited partnership. Hess, which will retain control of the midstream assets' operations, expects the MLP's net income of $145 million to $155 million for the year ending...

  • June 11- Oil and natural gas producer Hess Corp said it will sell half of its Bakken midstream assets to Global Infrastructure Partners for $2.68 billion. The joint venture, valued at $5.35 billion, plans to file for an initial public offering, upon closing of the transaction, Hess said on Thursday. Hess said in July it plans to form a publicly traded master limited...

  • WILLISTON, N.D., June 5- Oil executives in North Dakota, a center of the U.S. shale revolution, say OPEC made a questionable bet when it decided on Friday to stick with a policy that aims to push higher cost American producers out of the market by keeping output high. "High commodity prices hide a lot of inefficiencies in the system," said Tommy Nusz, chief executive of...

  • May 26- Data storage products maker EMC Corp said it would buy privately held Virtustream for about $1.2 billion in cash to expand its cloud offerings. EMC has been looking to strengthen its cloud services offerings as it struggles with slowing sales growth in its main data storage products business. "With the addition of Virtustream, EMC will enable customers...

  • Where there are still bargains in energy: Analyst Friday, 22 May 2015 | 12:45 PM ET
    Shell Oil's drilling rig Polar Pioneer in Port Angeles, Wash., on May 12, 2015.

    Energy names have bounced powerfully, but Pavel Molchanov of Raymond James says there's still value to be found.

  • WILLISTON, N.D., May 13- North Dakota posted a surprising jump in oil and natural gas output in March, as producers leaned on newer technologies and processes to offset a slump in commodity prices. "We scratched our heads in the month of March" as to why production increased, Lynn Helms, director of the state's Department of Mineral Resources, said during a conference...

  • WILLISTON, N.D., May 7- Crude oil aboard a BNSF train that derailed in North Dakota on Wednesday caught fire even though it was less flammable than required by a state law that took effect last month. The oil, transported in tank cars owned by Hess Corp, had a vapor pressure of 10.83 psi, according to test results. They were tested on May 6, the day of the accident, by Intertek,...

  • WILLISTON, N.D., May 7- The crude oil aboard a BNSF train that derailed in central North Dakota on Wednesday caught fire even though it was less flammable than required by a new state law that took effect last month. The oil, which was being transported in tank cars owned by Hess Corp, had a vapor pressure of 10.83 psi, according to test results. They were tested on May 6, the...

  • Guyana says Exxon discovers oil in offshore block Thursday, 7 May 2015 | 1:23 PM ET

    GEORGETOWN, May 7- Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela. Guyana in 2013 said Venezuela's navy evicted a ship used by Texas- based Anadarko Petroleum Corp to explore for oil in the...

  • WILLISTON, N.D., May 7- The crude oil aboard a BNSF train that derailed in central North Dakota on Wednesday caught fire even though it was less flammable than required by a new state law that took effect last month, a government source familiar with the matter said. The oil, which was being transported in tankcars owned by Hess Corp, had a vapor pressure of 10.8 PSI,...

  • WILLISTON, N.D., May 6- A BNSF train that derailed in central North Dakota on Wednesday was carrying railcars owned by Hess Corp, 10 of which caught fire and forced the evacuation of a nearby town, the oil producer told Reuters late Wednesday. Hess, the third-largest North Dakota oil producer, said BNSF is leading cleanup efforts but added it stands ready to assist.

  • WILLISTON, N.D., May 4- Oil and natural gas producer EOG Resources Inc plans to begin fracking hundreds of wells in North Dakota and Texas later this year if oil prices stabilize around $65 per barrel, executives said on Monday after reporting a better-than-expected adjusted profit. Whiting Petroleum Corp said last week it would add drilling rigs to its...

  • WILLISTON, N.D., May 4- Oil and natural gas producer EOG Resources Inc posted a better-than-expected adjusted profit on Monday as hedges and cost cuts helped offset low oil prices. It was the continuation of a theme for U.S. shale oil producers, including Whiting Petroleum Corp and Hess Corp, who have aggressively curtailed spending and relied in varying degrees...

  • NEW YORK, May 1- U.S. oil producers are rushing to take advantage of the rebound in oil markets by locking in prices for next year and beyond, safeguarding future supplies and possibly paving the way for a rebound in production. The flurry of hedging activity in the past month will help sustain producers' revenues even if oil markets tumble again, which is bad news for...

  • Cramer: Buy oil stocks? Don't you dare Thursday, 30 Apr 2015 | 6:33 PM ET
    Oil pumps in operation at an oilfield near central Los Angeles.

    Jim Cramer warns investors on the danger of getting in on crude right now. Will the window be closed forever?