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
CALGARY, Alberta, July 1- Mergers and acquisitions in Canada's energy sector have rebounded from a dull 2013 and look poised for a further pickup, driven by the country's rapidly developing shale oil and gas properties rather than its better known oil sands.
Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.
HONG KONG/ SINGAPORE, June 13- Canada's Talisman Energy Inc is reviewing its Asian oil and gas portfolio, valued at about $4 billion, which could lead to a partial or full sale, people familiar with the matter said.
The "Fast Money" traders share their final trades of the day.
Companies are reconsidering their approach to listings as enthusiasm for once-booming biotech and social media offerings has wavered. The FT reports.
Stocks rose modestly on Thursday, extending the prior day's rally.
Collectors can breathe easy as Hess announced it will continue making its toy trucks after the sale of its retail arm to Marathon Petroleum.
"It's a feel-good story that I insist on," CNBC's Jim Cramer said of the oil sector.
*Best Buy rebounds from early declines after results. NEW YORK, May 22- U.S. stocks were set to open little changed on Thursday, in the wake of data showing initial jobless claims rose in the latest week but were still near pre-recession levels, and ahead of data on the housing market.
Stock futures pointed to a higher open on Wall Street on Thursday, with initial jobless claims rising last week.
*Deal to give Speedway gas stations, stores on East Coast. May 22- Refiner Marathon Petroleum Corp said it would buy oil and natural gas producer Hess Corp's retail business for $2.87 billion to expand its network of gas stations and convenience stores along the U.S. East Coast.
*Best Buy falls in premarket after results. NEW YORK, May 22- U.S. stock index futures were little changed on Thursday, ahead of data on the labor and housing markets, after the S&P 500 advanced for a third time in four sessions. Dow Jones industrial average e-mini futures gained 8 points and Nasdaq 100 e-mini futures added 2.75 points.
Some of the names on the move ahead of the open.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
*Indonesia gives right to Pertamina to take over expiring contracts. *Pertamina has sent 3 letters to Indonesia govt on Mahakam- exec. Total has promised to invest up to $7.3 billion before then if the contract is renewed, but energy resources are highly politicized in Indonesia and with elections approaching in July no decision has been made.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.
May 8- Freeport-McMoRan Copper& Gold Inc said on Thursday it would buy Apache Corp's deepwater oil and gas projects in the Gulf of Mexico for $1.4 billion, a day after saying it would shed $3.1 billion in Eagle Ford shale assets in Texas.
WASHINGTON, May 2- Few oil-by-rail shippers have heeded calls for information to prevent dangerous mishaps on the tracks, the U.S. Department of Transportation said on Friday as it named the three companies it said have cooperated. Testing data has so far been tallied from Exxon Mobil, Continental Resources Inc and Savage Companies, the agency said.
Some of Wednesday's midday movers:
HESS CORP CEO SAYS CONTINUES TO PLAN MLP FOR BAKKEN MIDSTREAM ASSETS, LIKELY BY 2015, WILL MAINTAIN MAJORITY CONTROL.