NEW YORK— In a story Aug. 25 about Transocean Ltd., The Associated Press erroneously reported the date of the company's special meeting. Transocean moves to pause dividends, expects $2 B in charges. NEW YORK— With the price of oil at its lowest levels in more than six years, oil rig drilling company Transocean said Tuesday it wants to cancel two quarterly dividend...» Read More
Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.
The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
There are no easy solutions, no viable quick fixes, and no magic fluids for the world's energy challenges. Yet the future isn't all doom and gloom, reports Oilprice.com.
Addison Armstrong, Tradition Energy, discusses whether the storm will impact energy prices.
Next month will determine the eventual fate of the Falkland Islands—and the 1.4 billion barrels of oil so far discovered there. The resolution will come through a referendum among the islanders themselves. Argentina isn't happy about that.
CNBC's Kate Kelly breaks down the numbers on the oil driller, which reported a solid fourth quarter.
Manufacturing in the U.S. could take off on "the cheapest energy in the world," BP Capital Founder T. Boone Pickens told CNBC.
CNBC's Sharon Epperson reports that even though gas prices have pulled back, futures are up over where they were a year ago. For the past 33 days, retail gas prices have climbed, she reports, and the national average is $3.75/gallon.
The oil and gas game can be a tricky one for "junior" companies, but if played right, the pay-off can be massive. One CEO explains.
Beijing’s air pollution has soared past levels considered hazardous by the World Health Organization. And now it's not an issue that only the Chinese are worrying about, Oilprice.com says.
Egypt hunger for energy will play a role in the instability that has foreign investors asking whether they should quit the country before the other boot drops.
A consortium that deals with security issues is warning about possible threats to oil installations in Libya.
Jonathan Swinney, CFO of EnQuest, tells CNBC how the oil company plans to use the capital from its retail bond issuance.
The biggest mistake the energy industry makes is to ignore regional and geopolitical dynamics. It's complicated, and the corporate world doesn't have the patience for it.
In its report for January, the Organization of Petroleum Exporting Countries said the United States in 2013 may post the highest oil supply increase among non-member states.
James Tisch, president and CEO of Loews Corporation, explains whether Washington can get its act together over the debt ceiling.
Chevron has signed production-sharing contracts with CNOOC for two exploration blocks in the South China Sea even after drilling three dry holes there last year.
A number of Americans have been seized by militants at an Algerian gas field, U.S officials said, in what the U.K. government described as an "ongoing terrorist incident." NBC News reports.