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Pioneer Natural Resources Co

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  • SINGAPORE, Jan 27- U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading companies to sell the light crude, trade sources said. Oil producers have been pressing to lift a 40- year-old U.S. ban on crude exports and the Department of Commerce...

  • Conoco seeks U.S. guidance on light oil exports -CEO Wednesday, 14 Jan 2015 | 5:54 PM ET

    WASHINGTON, Jan 14- ConocoPhillips has asked the U.S. Commerce Department for guidance on whether it can ship its minimally treated light oil abroad, though the company does not believe it makes sense to export it now, the company's CEO said on Wednesday. The Bureau of Industry and Security at the commerce department said on Dec. 30 that it had given permission for...

  • HOUSTON, Jan 13- Royal Dutch Shell Plc said on Tuesday it received U.S. approval to export a very light form of crude oil that has undergone minimal processing. Shell had been working with the U.S. Department of Commerce's Bureau of Industry and Security on how to ship lightly processed condensate overseas without violating a decades-old crude export ban, the...

  • Weak oil, strong dollar dominate market chatter Monday, 5 Jan 2015 | 4:23 PM ET
    Traders work on the floor of the New York Stock Exchange.

    There are three macro themes that are continuing to play out in 2015, all driven by bandwagon mentality.

  • About one year after the Secretary of Energy Ernest Moniz first raised the four-decade-old ban as an item for discussion, the Department of Commerce on Dec. 30 took steps toward allowing export of the oil. Congress passed the export ban after the 1970 s Arab oil embargo led to snaking lines at gas stations and fears of a global energy shortage.

  • WASHINGTON, Dec 30- The Obama administration on Tuesday bowed to months of growing pressure over a 40- year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau of Industry and Security, or BIS, which regulates export controls, said it had granted permission to "some"...

  • WASHINGTON, Dec 30- The U.S. Department of Commerce said it gave "some" oil companies on Tuesday permission to export a lightly processed crude oil, taking the first action in several months on applications from about 20 energy companies eager to ship the fuel abroad. The Bureau of Industry and Security, an office of the Commerce Department, did not say how many...

  • WASHINGTON, Dec 30- The Obama administration released on Tuesday a long-awaited explanation of what petroleum is allowed to be shipped under the contentious 40- year ban on exports of most domestic crude. The Bureau of Industry and Security released the guidance in the form of frequently asked questions, or FAQ, in the first effort by the administration to...

  • US agency gives quiet nod to light oil exports Tuesday, 30 Dec 2014 | 7:18 AM ET
    A worker for Raven Drilling, helps line up a pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    A U.S. export authority told some oil companies that they should consider exporting a lightly processed form of crude oil without formal permission.

  • WASHINGTON, Dec 30- The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions. In conversations that may help clear the way for more overseas sales of U.S. shale oil, the Commerce...

  • Midday movers: McDonald's, Sony, Celgene & more Monday, 8 Dec 2014 | 1:12 PM ET

    Some of Monday's midday movers:

  • Cramer Remix: Stocks to watch on the jobs report Wednesday, 3 Dec 2014 | 7:40 PM ET

    "Mad Money" host Jim Cramer clues you in to where you need to be looking come Friday’s report.

  • After Halliburton deal, who's next? Monday, 17 Nov 2014 | 2:41 PM ET
    Oil drills are pictured in the Kern River oil field in Bakersfield, California

    M&A is alive and well in the energy sector. Here's the buzz about which companies might be next, says NYSE floor trader Kenny Polcari.

  • Drill, baby—or don't. Future may bring fewer rigs Tuesday, 11 Nov 2014 | 11:45 AM ET
    An oil-drilling rig operates on Sept. 26, 2014 near Walle, Germany.

    Some big energy companies are showing signs of pulling back on capital expenditures, according to a report in Oilprice.com.

  • Testing U.S. oil export ban carries some risks Thursday, 6 Nov 2014 | 11:20 AM ET

    The Commerce Department's approvals to Pioneer Natural Resources Co and Enterprise Product Partners LP this year were issued as private letters, which makes it hard for other drillers to discern exactly what petroleum the government considers legal. Products, unlike crude, are exempt from the ban that Congress passed after the Arab oil embargo of the 1970 s.

  • Pro: After elections, big changes for energy Wednesday, 5 Nov 2014 | 4:13 PM ET
    Part of TransCanada's Keystone XL pipeline under construction in Atoka, Oklahoma.

    With the GOP taking control of both houses of Congress, at least one pro thinks some big changes lie ahead, especially in the energy sector.

  • Midday movers: Actavis, NRG, Tesla Motors & more Wednesday, 5 Nov 2014 | 1:06 PM ET

    Some of Wednesday's midday movers:

  • Why 2015 may also be a good year for stocks Wednesday, 5 Nov 2014 | 10:21 AM ET
    Traders work on the floor of the New York Stock Exchange.

    The Dow has not had a loss in a pre-election year since 1939, a statistic that suggests stocks could be up again in 2015.

  • This should bolster the case for lifting the ban by oil producers such as Pioneer Natural Resources, Anadarko Petroleum and Marathon Oil, which want an expanded market for their crude. Republican Senator Lisa Murkowski from Alaska, who in January started a campaign to relax the oil export ban, said the report proves that a change in policy would be advantageous...

  • WASHINGTON, Oct 30- U.S. gasoline prices are mainly set by global oil prices, a government report said on Thursday, a conclusion that should ease concerns among some lawmakers that lifting a crude oil export ban would mean pain at the pump for American motorists. That should bolster the case for lifting the ban among oil producers such as Pioneer Natural Resources,...