oil and gas
oil and gas Articles
ThinkstockA Gulf of Mexico oil well that has been inactive for 15 years began leaking gas condensate late Monday as workers were pluggiing the well for permanent abandonment. Five workers were safely...
Published:
Last Updated:
ThinkstockThe U.S. Energy Information Administration (EIA) released the monthly revision to its Short-Term Energy Outlook today, and the major change is that the EIA expects the average price of a...
Published:
Last Updated:
ThinkstockThe derailment and subsequent explosion of a 73-car crude oil train in Lac-Megantic, Quebec, in the early hours of Saturday morning has killed at least three people and scores more are...
Published:
Last Updated:
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 72 billion cubic feet last week, within the range for an expected build of between...
Published:
Last Updated:
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories dropped by 10.3 million barrels last week,...
Published:
Last Updated:
ThinkstockSo far in 2013, Chesapeake Energy Corp. (NYSE: CHK) has fired its founder and sold off about $3.6 billion more in oil and natural gas assets as the company tries to get on a firmer...
Published:
Last Updated:
ThinkstockShares of Linn Energy LLC (NASDAQ: LINE) and its subsidiary LinnCo LLC (NASDAQ: LNCO) are tumbling today after an announcement last night that the U.S. Securities and Exchange Commission...
Published:
Last Updated:
ThinkstockThat summer camping trip just got a little bit cheaper. The average price of a gallon of regular gas has dropped seven cents in the past week, from around $3.56 to $3.49. A month ago a...
Published:
Last Updated:
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 95 billion cubic feet last week, compared with an expected build of 88 billion cubic...
Published:
Last Updated:
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories remained unchanged last week, maintaining a...
Published:
Last Updated:
thinkstockMany groups are in support of President Obama’s climate change policies, and many are against it. Since the president’s address on the matter earlier today we have seen many groups...
Published:
ThinkstockOne way that mining companies have tried to deal with rising costs and declining demand is to acquire oil and gas assets that are expected to help with revenues and profits now and boost...
Published:
Last Updated:
ThinkstockOver the past 12 months, the best performing oil refining stock has been Tesoro Corp. (NYSE: TSO), which has doubled, even though it has dropped sharply in the past month. Phillips 66...
Published:
Last Updated:
ThinkstockRussia’s state-controlled oil giant Rosneft has signed a 25-year deal to supply $270 billion worth of crude oil to China, and the country’s largest independent natural gas producer,...
Published:
Last Updated:
ThinkstockReasons to be optimistic on continued rising natural gas pricing may be fading. Last year, hot summer temperatures boosted power demand and held up gas prices. This year, temperatures could...
Published:
Last Updated: