NEW YORK, Feb 11- Blackstone Group has launched a fund to finance the troubled offshore drilling and services sector, the U.S. private equity firm said on Thursday, anticipating a buyer's market as low oil prices set the stage for restructuring and consolidation. Blackstone's new entity, called Clarion Energy Partners, will be led by former executives of Pride...» Read More
Venezuela's new president will govern as he thinks Chavez would have and oil and gas investors can expect a perpetuation of the status quo.
Price action is usually trying to tell you something. But that doesn't mean you have to listen.
Lebanon's energy demand has jumped as hundreds of thousands of Syrian refugees have fled into Lebanon to escape the war in their country. But Lebanon may have found a fix.
What impact will the Keystone pipeline have on Alberta's economy? NBC's Anne Thompson takes a look.
Woodside Petroleum has shelved plans for its $40 billion Browse liquefied natural gas project in Western Australia, saying it will consider a floating LNG plant instead.
The second-largest U.S. oil company said its output declined in the first two months of the first quarter from the previous quarter due to maintenance in the Gulf of Mexico.
While China's interest in Canadian energy assets has been relatively well documented, at least in the Canadian press, Beijing is also courting Mexico, and receiving a warm welcome.
The revolution sweeping U.S. energy production is helping to chip away at the country's yawning trade imbalance.
To help cut through the claims and counterclaims, here are a few of the issues debated in the scientific discussion about fracking.
The environmental impact of "fracking," the drilling technology largely responsible for America's boom in oil and gas production, are hotly contested. Consequences like water contamination have been established, but often it is not clear if they were directly caused by fracking or the result of sloppy drilling practices.
General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.
Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.
As reassurance to foreign firms investing in the development of NatGas reserves, the Israeli government has said it will invest in its navy.
A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.
David Darst, Morgan Stanley Wealth Management, explains why he is positive on Johnson & Johnson, Schlumberger, and Microsoft.
The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.
Cyprus has found itself right in the middle of a geopolitical game in which its gas potential is a tool in a showdown between Russia and the European Union.
"Tell me the case where you need it?," T. Boone Pickens said of the US's strategic petroleum reserve. Getting rid of it would save the country "one heck of a lot of money," he said.
Not everyone shared the same optimistic sentiments of safety that Iranian President felt after the deployment of a new warship into the Caspian Sea.
NBC News and CNBC look at the implications US energy independence would have for the economy, other types of energy, foreign policy and the environment.