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ThinkstockMore than two years ago the Russian government announced that it would sell 20% to 25% of its state-owned diamond mining company, Alrosa, in an initial public offering (IPO). Originally the...
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ThinkstockOffshore drilling and services firm Transocean Ltd. (NYSE: RIG) will replace Dell Inc. on the S&P 500 index after the close of trading on Monday, October 28. Transocean, based in Zug,...
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courtesy of BP plcLong after the Deepwater Horizon disaster, BP PLC (NYSE: BP) continues to battle those who do not believe they were adequately compensated for the fallout. This has moved into the...
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ThinkstockToday’s U.S. gasoline pump prices are at their lowest point since the end of January. At a national average of $3.40 a gallon, the price has dropped by $0.19 a gallon since the beginning...
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Courtesy RosneftRussian oil giant Rosneft wants in on the country’s natural gas business, which is controlled by the country’s other energy giant, natural gas producer Gazprom. Exxon Mobil Corp....
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ThinkstockIn 2012, the U.S. imported nearly 3 million barrels of oil a day from Canada. The Keystone XL pipeline, if it is approved, would increase that total by 830,000 barrels, but without a change...
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courtesy of Chevron Corp.Following a November 2011 leak of about 3,600 barrels of oil from a rig offshore of Brazil, Chevron Corp. (NYSE: CVX) and driller Transocean Ltd. (NYSE: RIG) were slapped...
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ThinkstockWith the price of crude consistently over the $100 mark this year, we wanted to find the companies that had increased their production the most. While simply increasing production does not...
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ThinkstockThe run-up in crude oil prices that got rolling in mid-April has pushed West Texas Intermediate (WTI) crude prices from around $87 a barrel to almost $110 a barrel. That is a gain of more...
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ThinkstockEliot Spitzer’s loss in his attempt to become New York City comptroller proves that brands still matter. His brand disintegrated in about the same way as BP PLC’s (NYSE: BP) did. One...
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Wikimedia CommonsEven if crude prices are at two-year highs, $110 per barrel crude has done nothing to help most oil stock prices. Exxon Mobil Corp.’s (NYSE: XOM) share price is down 5% in the past...
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ThinkstockHercules Offshore, Inc. (NASDAQ: HERO) announced on Tuesday that it is experiencing a well control incident in the Gulf of Mexico. Unfortunately, this is likely to bring up fears of the BP...
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ThinkstockA federal judge in New Orleans has denied a motion by BP plc (NYSE: BP) to suspend payments to some claimants for damages suffered as a result of the 2010 disaster in the Gulf of Mexico...
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ThinkstockIn what may be a Pyrrhic victory, Anglo-Dutch oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) is the market leader among branded gasoline sellers in the U.S. for the first half of 2013....
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ThinkstockThe U.S. Federal Trade Commission (FTC) has reportedly initiated a formal investigation into the way oil and refined product benchmark prices are set. The investigation parallels one begun...
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