China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after the U.S.-led invasion.
As the end of the holiday shopping season quickly approaches, procrastinators may be scrambling for gift ideas that don't scream 'I bought this an hour ago.' We found 13 gift ideas that may save the day.
Solar technology can use heat from the sun to extract heavy crude from aging fields — an idea that is gaining ground with Big Oil companies.
Investors should be careful because the quality of corporate bonds has peaked, experts say.
Peter Voser, Royal Dutch Shell CEO, talks with CNBC's Sharon Epperson, about developing and investing in natural gas projects in the United States.
Henry Dixon, fund manager at Matterley Asset Management, tells CNBC why he would rather invest in BP than Shell.
Gasoline lines are shorter in some parts of the New York metropolitan area, but the fuel distribution and supply network is still far from normal a week after Super Storm Sandy swept through the area.
There hasn't been all that much talk this election about U.S. energy policies and the environment. But there are some major differences between the two presidential candidates. So here are the stated positions of President Obama and Mitt Romney.
Power has been restored to nearly 80 percent of utility customers in the New York City area who were blacked out by Super Storm Sandy, but a nor’easter loomed and that could set back efforts to return to normal.
Nov 4- Energy companies in New York and New Jersey brought more facilities online after commercial power was restored on Sunday but fuel shortages continued to trouble the region with some facilities still offline nearly a week after Hurricane Sandy hit the U.S.
Nov 3- The New York area's energy network remained under strain on Saturday, six days after Hurricane Sandy shut down pipelines, fuel terminals and refineries and left millions without power in the country's most densely populated region.
*Profit ex-items $2.55/ share, misses $2.83 analysts' view. Increasing output from the wellhead is a struggle for many big oil companies, including Exxon Mobil Corp and Royal Dutch Shell.
*Profit of $2.55/ share before items miss analysts' view of $2.83. Nov 2- Chevron Corp posted much lower-than-expected quarterly earnings on Friday as maintenance exacerbated a steady decline in oil and natural gas production and as a huge fire at one of the company's California plants hit the refining business.
*Raised exposure to US, Japan, Mexico, South Korea, Russia. OSLO, Nov 2- Norway's $660 billion sovereign wealth fund continued its long-term plan to cut investments in Europe in the third quarter, slashing its holdings of Spanish and French debt just as those countries try to recover investors' trust.
Nov 2- Chevron Corp posted a 33 percent drop in quarterly earnings as maintenance exacerbated a steady decline in output from oil and natural gas wells over the past year and as a huge fire at one of the company's California plants hit the refining business.
LONDON/ FRANKFURT, Nov 2- From advertising and luxury goods to cars and heavy engineering, European industry is retrenching and abandoning its already modest growth targets, a worrying sign for investors who bought into the summer stock market rally.
NEW YORK, Nov 1- The fuel supply crisis gripping the New York area deepened on Thursday as the city's iconic taxis started turning away business while drivers searched hours for a tank of gas, and there were growing signs that the worst of the crunch is not over.
Third-quarter results from Exxon Mobil, Royal Dutch Shell and other top international players released over the past few days mostly beat expectations thanks to a shortage of the fuels and other crude-oil based products they make.
LONDON, Nov 1- Gold prices eased a touch on Thursday as the dollar firmed, but moves were muted as investors remained focused on U.S. employment data due on Friday for clues on monetary policy. Spot gold was down 0.2 percent at $1,716.45 at 1643 GMT, while U.S. gold futures for December were down $2.29 an ounce at $1,716.20.
New Yorkers felt the rumble of subway trains for the first time in four days on Thursday but gasoline shortages persisted in the Northeast and emergency crews struggled to reach the worst-hit areas and restore power to millions of people.