oil and gas

oil and gas Articles

As the price of oil lurches between $40 and $45, depending on rumors from the Middle East, Nigeria and the United States, the price of a regular gallon of gas has neared $3 in some California cities.
"We are very pleased to have finally drawn a line under the material liabilities for Deepwater Horizon," said BP CEO Bob Dudley.
Wells Fargo's take pretty well reflects the overall reaction to Kinder Morgan's second-quarter results, which were essentially in line with consensus earnings estimates but below revenue estimates.
In the week ended July 22, the number of rigs drilling for oil in the United States rose to 371, according to the latest Baker Hughes North American Rotary Rig Count.
With the weather expected to stay hot, especially in Texas and across the Southwest, demand for electricity is big, and many top utilities are using clean-burning natural gas.
Schlumberger Ltd. (NYSE: SLB) reported second-quarter 2016 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.23...
To say that Exxon Mobil won a bidding war with Oil Search for the right to acquire InterOil may be something of an overstatement.
After Thursday's closing bell, two energy companies, one a producer and the other a services company, are scheduled to release quarterly results.
Overall demand for natural gas is expected to be high to very high next week as hot summer temperatures are expected to dominate weather in the Lower 48 states.
While these smaller companies are more suited for aggressive accounts, they are all well liked on Wall Street and could surprise to the upside when they report earnings.
Kinder Morgan Inc. (NYSE: KMI) reported second-quarter 2016 results after markets closed Wednesday. The midstream giant posted earnings per Class P share (EPS) of $0.15 per share on revenues of $3.14...
U.S. commercial crude inventories decreased last week, according to the EIA, but remain at historically high levels for this time of year.
If there is one segment that could be a solid shot for long-term investors it is oilfield services. Merrill Lynch is bullish on these three stocks.
When Halliburton reported second-quarter 2016 results before markets opened Wednesday, it offered up a smaller-than-expected net loss.
The spot price of oil has recently pulled back, and for investors who have been waiting to add to positions or initiate some energy sector holdings, now may be a very good time to nibble on some of...