T. Boone Pickens says Saudi production is topping out at about 10 million barrels per day and oil prices will return to $70 per barrel by year end.» Read More
May 6- Husky Energy Inc, Canada's No.3 integrated oil company, reported a 71 percent drop in quarterly profit, hurt by weak oil and gas prices. Cash flow from operations, an indicator of the company's ability to pay for new projects, declined more than 45 percent to C $838 million, or 85 Canadian cents per share, in the first quarter ended March 31, Husky Energy said on...
LONDON, May 1- The world's top oil companies can expect only limited solace from refining for the rest of the year, even as the often-troubled segment proved valuable in the face of sinking oil prices. Overcapacity in the sector previously made it the bane of integrated oil majors such as BP, Royal Dutch Shell, Exxon Mobil, Chevron, Total and Eni.
April 30- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, on Thursday reported a 55 percent fall in quarterly profit as global crude prices halved. Imperial Oil Chief Executive Rich Kruger said the company, which is 69.6 percent owned by Exxon Mobil Corp, would maintain a cautious spending outlook in the months to come. The company is close to...
Shell's takeover bid for BG may be a harbinger of more deals for Australia's resources sector, which has taken a body blow from low commodity prices.
Exxon could make a deal soon, and targets for oil majors range from U.S. shale producers to distressed mining and resources firms, analysts tell CNBC.
David Harding, Founder and CEO of Winton Capital Management, discusses how the low oil price is impacting his portfolio.
Jackson Wong, Associate Director at United Simsen Securities, says Sinopec's stock will trade sideways until the unveiling of restructuring plans, which are likely due this year.
Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch Global Research, discusses the bearish, "idiosyncratic" oil market.
Exploration and production firms have issued nearly $9 billion in stock this year, well above recent first-quarter totals.
Mustafa Abdel-Wadood, board member & chairman of the management executive committee at The Abraaj Group, talks about the opportunities going forward in Egypt, however, there's a huge shortfall in energy in the country
The energy industry's failure to use the data it collects means it's not as efficient as it could be, leaving money on the table.
Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.
Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.
Feb 2- Imperial Oil Ltd's Kearl oil sands project expansion will start ahead of schedule, the company said on Monday, in the latest sign that weak crude prices are failing to dent oil sands growth. Imperial, Canada's second-largest integrated oil producer and refiner, said construction on the Kearl expansion in northern Alberta is essentially complete.
Feb 2- Imperial Oil Ltd, Canada's second-largest integrated oil producer and refiner, posted a 36.5 percent fall in quarterly profit, hurt by lower crude prices as well as weaker refining and marketing margins. Imperial Oil joins a list of Canadian and U.S. oil and gas producers who have scaled back capital spending plans for 2015, following a sharp decline in oil...
Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.
A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.
Will you learn something? Will you make connections? Will they PAY you? See Glassdoor's advice on the best place to secure an internship.
Continental Resources' CEO is worth at least $11 billion, and a split from his wife could result in the largest divorce settlement in history
Chesapeake Energy hired Robert Douglas Lawler of rival Anadarko Petroleum as its new chief executive.