Oil & Gas Industry

Welcome to the Booming Texas Port at Center of U.S. Oil Exports - Bloomberg

Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, …

Permian Basin

Occidental May Have Overpaid For Its Latest Oil And Gas Acquisition

Occidental Petroleum Corp. announced $1.2 billion worth of deals in West Texas’ and New Mexico’s Permian Basin last week that warrant further examination.<p>The Houston oil and gas explorer and producer — once led by the legendary businessman and philanthropist Armand Hammer — agreed to sell …

Permian Basin

This Hidden Energy Gem Will Perform Well Regardless Of The Oil Price

Canacol is heavily undervalued even in the current operating environment offering 49% upside.<p>The unique dynamics of Colombia's natural gas market …

Oil

France to Ban All New Development of Shale Oil and Gas

There is a growing feeling within European capitals that a quiet, but deeply positive, revolution is happening under Emmanuel Macron in …

Shale Oil

3 Value Stocks for Bold Investors

Looking for a bargain in today's pricey market? Here's why you should check out Royal Dutch Shell, IBM, and the Priceline Group.<p>Value investors …

Stocks

The "Peak Oil" Pig Returns With A New Shade Of Lipstick

Proponents of a new strain of the always-tiresome, never-correct “Peak Oil” theory have returned to the public discourse , this time with a new theory coming from the other side of the crude oil supply/demand equation.<p>Prior iterations of “Peak Oil” theory – which noted author Daniel Yergin traces …

Peak Oil

How The Gas Industry Can Help Fight Climate Change In Siberia

Andrew Hopkins, <i>Australian National University</i><p>Permafrost is the layer of permanently frozen earth – over a 1,000 metres thick in some places – that lies just beneath the land surface in Arctic regions. It formed over the past few million years when ice ages predominated.<p>Now, under the influence of …

Climate Change

Big Oil: Surviving at $40, Thriving at $60

The price of oil is rising today, but that hasn't helped oil stocks like <b>ExxonMobil</b> (XOM), <b>Chevron</b> (CVX), <b>Total</b> (TOT), and <b>Royal Dutch Shell</b> (RDS.A), …

Royal Dutch Shell

Fire breaks out at Isfahan refinery in Iran, injuring 10 workers

LONDON (Reuters) - A fire broke out on Monday at a sulfur storage tank in Iran's Isfahan oil refinery, injuring around 10 workers, the refining company's spokesman was quoted as saying by state television.<p>"Due to the high temperature, some sulfur caught fire, but it was soon extinguished... Around …

Oil Refineries

Oil Industry To Waste Trillions As Peak Demand Looms

ExxonMobil and its peers risk blowing $2.3 trillion on oil projects that will not be needed if the world hits peak demand in the next decade.<p>Peak …

Oil

Macron meets Schwarzenegger and vows to stop oil and gas licences

In a dig at Trump’s climate change inaction, French president welcomes the green campaigner and says there will be ‘no new exploration licences’<p>The new French government has sought to further burnish its green credentials with the announcement it is to stop granting licences for new oil and gas …

Oil and Gas

Fracking rarely linked to rise in seismic tremors, U of A study suggests

Most fracking activity 'perfectly safe,' researcher concludes<p>Hydraulic fracking has almost no connection to seismic tremors in North America, except …

Fracking

Russians Drop Texas Oil Bid, Averting Trump Security Review - Bloomberg

Only 16 months ago, the Russian billionaire Mikhail Fridman and his business partners happily sank $200 million into Uber.<p>But now Fridman’s …

Permian Basin

Royal Dutch Shell Or BP?

BP has a strong production growth profile and carries smaller debt than Royal Dutch Shell.<p>Shell’s overall financial health, however, is much better …

Royal Dutch Shell

Italian Banks, Nestlé Lead European Markets Higher -- Update

Global stocks moved higher Monday as a stabilization in oil prices and gains in European banking shares supported equity markets.<p>The Stoxx 600 rose 0.6% in early trade after Asian markets broadly advanced. U.S. futures pointed to a 0.2% opening gain for the S&P 500.<p>Investors scooped up European …

Markets

Illinois' first fracking permit reignites controversy

An application for a fracking permit in southern Illinois has revived the debate on high-volume oil and gas drilling.<p>The practice was signed into law …

Fracking

FTSE 100 rises as bank stocks rally

<b>Bank shares helped to lift stock markets across Europe after Italy reached a deal to bail out two banks.</b><p>In London, the FTSE 100 index was up 39.30 points at 7,463.43 in early morning trade, with Barclays up 1.2%.<p>However, sub-prime lender Provident Financial slipped 1,3% after RBC cut its rating on …

Royal Dutch Shell

At the open: TSX rises as energy stocks support

Canada’s main stock index opened higher on Monday, helped in part by advances in financial and energy stocks, but gains were offset by a firm retreat in the materials group as gold prices fell.<p>The Toronto Stock Exchange’s S&P/TSX composite index rose 17.07 points, or 0.11 per cent, to 15,336.63 …

OPEC

European stocks lifted as Italian banks and Nestlé rise

Energy giants including Total and Royal Dutch Shell also rose after a jump in oil prices<p>European stocks logged broad gains on Monday, lifted by …

Royal Dutch Shell

Three breakfast reads

Cisco: Set To Rise As A Turnaround Is Close<p>Alphabet: The Fundamentals Justify A Bet<p>Royal Dutch Shell Or BP?<p>Now read: <b>Three breakfast reads »</b>

Royal Dutch Shell

Potentially steep pollution fines for Colorado oil producer

The U.S. Environmental Protection Agency and state regulators are pursuing potentially steep fines of more than $100,000 a day against an oil and gas …

Oil and Gas

HPCL joins talks to buy stake in Russian oil fields

State-owned Hindustan Petroleum Corporation (HPCL) has joined the Indian consortium, negotiating to buy a 49% stake in Russia's Vankor Cluster oil …

Oil

North Sea Oil Producer Jumps on Hopes New Field to Ease Debt - Bloomberg

EnQuest Plc climbed the most in three months in London trading on speculation borrowings will fall following the start of production at its Kraken …

Oil

Oil company cited for improper drilling in Colorado

A Texas oil company entangled in a dispute over leases to drill in Colorado was hit with three federal "non-compliance" notices for improper drilling …

Oil Drilling

ONGC Turns To GSPC's Undersea Infra For KG Gas Output

Oil and Natural Gas Corporation (ONGC) plans to use undersea infrastructure of Gujarat firm GSPC to produce gas from its own KG-basin fields in the …

Oil

Long-term study finds energy development has lasting impact on deer populations

A new long-term study finds that energy development has longer-lasting impacts on mule deer populations than previously thought.<p>The study, "Mule Deer …

Oil and Gas

Contrarian Approach To Midstream Investing With A High Yield

This Extremely Misunderstood ETF offers opportunity.<p>22% Yield is hard to understand and scares off investors.<p>The Midstream sector is oversold there …

Oil and Gas

The Outlook For Oil: Are Concerns Regarding U.S. Production Growth Overblown?

Oil prices have resumed downward slide due to concerns over US production growth.<p>However, global demand growth projections suggest that US oil …

Oil

The US shale oil industry is booming despite low crude prices

Crude oil prices may be falling, but that hasn’t been enough to stop the resurgence in the US shale oil industry.<p>According to oil services firm Baker Hughes, the number of rigs deployed in the US rose for a 23rd consecutive week last week, marking the longest stretch of continued growth seen in …

Oil

Oil little changed after three-day gain, supply glut weighs

SINGAPORE (Reuters) - Crude oil futures were largely unchanged in early Asian trade on Tuesday as the market took a breather following three days of gains with a supply glut keeping a lid on prices.<p>U.S. West Texas Intermediate (WTI) crude futures were down 2 cents at $43.36 per barrel by 0019 GMT …

Oil