July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a higher-than-expected quarterly profit as cost cuts helped offset the impact of a fall in global drilling activity. Expenses fell more than 18 percent to $417 million in the second quarter ended June 30 from a year earlier, the company said. Net income attributable to the...» Read More
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
Oil-by-rail shippers have mostly ignored U.S. government requests for data that aim to prevent mishaps, officials said on Friday.
State regulators have linked earthquake activity in Ohio to fracking, confirming the suspicions of activists pushing for a ban.
Barry Davis, EnLink Midstream president & CEO, discusses details of the massive deal that mergers Devon Energy with Crosstex Energy and shares his thoughts on processing areas rich in shale oil. The biggest headwind is managing regulations, says Davis.
Creating an export-driven natural gas renaissance in the United States requires building infrastructure—and a lot of it.
BP won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill.
Insight on the day's major selloff, with Ira Epstein, The Linn Group; Frank McGhee, Integrated Brokerage Services; Stephen Schork, The Schork Report; Komal Sri-Kumar, Sri-Kumar Global Strategies; and CNBC's Bob Pisani & Sharon Eppesron.
General Electric is paying $3.3 billion for Lufkin Industries to expand its oil and gas equipment business, reports CNBC's Mary Thompson. What this means for the company, with Daniel Holland, Morningstar, and Christopher Glynn, Oppenheimer & Co.
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.
Addison Armstrong, Tradition Energy, discusses whether the storm will impact energy prices.
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.
Winter storm Nemo has pushed fuel prices to fresh, 2013 highs, reports CNBC's Sharon Epperson.
Twenty-five foreign hostages escaped and six were killed on Thursday when Algerian forces launched an operation to free them at a remote desert gas plant, Algerian sources said, as one of the biggest international hostage crises in decades unfolded.
Dominic Schnider, Head of Commodity Research, UBS Wealth Management says platinum, palladium and silver will do well this year amid loose monetary policies and a recovery in the global economy.
Gasoline prices are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.
An oil drilling rig owned by Royal Dutch Shell ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in the industry see huge potential.
Natural gas futures traded slightly higher following the release of its weekly storage report from the U.S. Energy Department.
With natural gas trading near a one-year high, Royal Dutch Shell, one of the world's largest integrated oil and gas companies, is making a big bet on the future of the cleanest of all fossil fuels.
A transformation in our oil and gas production is leading to a sea change that will put the U.S. at the head of the line in global oil production by the end of the decade.