Lifting the 1970s ban on crude exports would go a long way to reducing energy prices and increasing jobs in the U.S., the CEO of Hess tells CNBC.» Read More
Sept 18- The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest "zombie refinery" to come back to life, revived by the U.S. shale boom.
HOUSTON, Sept 8- In June 2013, activist investors got the board of SandRidge Energy Inc to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.
BENGHAZI, Libya, Aug 20- Libya has restarted oil exports from its biggest port for the first time since the end of a year-long blockade, a boost to the central government which is struggling with a wave of clashes in the capital. A tanker has docked at Es Sider and begun loading 600,000 barrels of oil, said Mohamed El Harari, spokesman for state-run National Oil Corp.
Kinder's $44 billion deal isn't part of a trend, but the basic story behind infrastructure as a play on energy is very much intact.
LONDON, Aug 11- U.S. oil producer Hess Corp has suspended oil-drilling operations in Iraqi Kurdistan and started to evacuate non-essential staff amid spreading violence in the region, its minority partner Petroceltic said.
HOUSTON, Aug 1- An asphalt maker in New Jersey became the second U.S. company to publicly confirm buying Kurdish crude oil, saying on Friday it had imported a cargo just weeks before an Iraqi lawsuit over a separate $100 million shipment offshore Texas.
NEW YORK/ HOUSTON, July 31- Chemicals firm LyondellBasell, part of Ukrainian-born billionaire Leonard Blavatnik's business empire, said it will quit buying "disputed" oil from Iraq- one day after Reuters identified it as the mystery American importer of Kurdish crude.
NEW YORK/ HOUSTON, July 31- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, has emerged as the mystery American buyer of Kurdish crude oil this year, but said on Thursday it will not be buying any more due to an ownership dispute.
July 31- Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.
LONDON, July 31- British utility Centrica posted a 35 percent fall in operating profit for the first half of the year as a mild winter in its home market led to reduced energy demand and extreme weather in North America increased costs. Centrica made 1.032 billion pounds in operating profit, down from 1.583 billion a year earlier, it said on Thursday.
NEW YORK, July 30- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, appears to be the mystery American buyer of two cargoes of Kurdish crude delivered in May, according to U.S. government data and industry sources.
Some of Wednesday's midday movers:
July 30- Hess Corp said on Wednesday it would form a master limited partnership for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash.
July 30- Oil and natural gas producer Hess Corp said it plans to form a publicly traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field. Hess said it expected the MLP to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter.
July 30- Oil and natural gas producer Hess Corp said it plans to form a publicly-traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field. Hess said it expects the partnership to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter.
NEW YORK, July 29- BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
The $6 billion buyout of Kodiak Oil & Gas is renewing attention on energy firms in North Dakota's Bakken formation.
William Johnson, the former chairman, CEO and president of Heinz, is joining buyout shop Advent as a consultant.