Halliburton misses quarterly profit estimates on North America drilling demand weakness
Halliburton missed analysts' expectations for the third quarter profit on Thursday as a slowdown of drilling activity in North America affected demand for its oilfield equipment and services.
Money losing natgas producer BKV revives US IPO
BKV Corp, a natural gas producer in the red, said it plans to raise $315 million via an initial public offer of shares. This comes nearly two years after BKV first filed to sell its shares publicly.
Marathon Oil's profits miss estimates due to low natural gas prices
Marathon Oil, a U.S.-based oil and gas company, missed Wall Street's expectations for its second quarter profit on Wednesday due to a drop in the price of natural gas.Gas prices in the U.S.
Chevron: GoM Anchor Project Needs $5.7 bln
Chevron Corp said on Thursday its Anchor project in the Gulf of Mexico would need an investment of about $5.7 billion.Announcing its final investment decision on the planned facility…
European Gas Prices Fall To 10-Years Low
European natural gas prices reached their lowest in at least a decade, fueled by a battle for market share between Russia, traditionally the continent's supplier, and the U.S.…
Wind, Solar Energy No Threat to Grid: Industry Study
With the Trump administration expected to publish an analysis that could undermine the U.S. wind and solar industries, two renewable energy lobbying groups on Tuesday released…
Three Mile Island to Close in 2019
Pennsylvania's Three Mile Island power plant will close in 2019, 40 years after the worst nuclear accident in U.S. history, as low natural gas prices make the costs of atomic energy uncompetitive…
Can Trump Make Coal Great Again?
Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel.
Bankrupt Wyoming Coal Giant Turns to Grass
A squad of about ten Peabody Energy Corp. miners clad in steel-toed boots and hard hats climbed into massive bulldozers on a recent morning, ready to create rolling hills of…
Consol Energy Nominates Southeastern's CEO to Board
Consol Energy Inc said on Monday it nominated Bernard Lanigan, the chief executive of Southeastern Asset Management Inc, the coal and natural gas producer's largest shareholder, for election to its board.
Dow, DuPont to Merge
Each co's shareholders to get about 50 pct of DowDuPont; DuPont CEO Breen to get top job at combined company. Chemical giants DuPont and Dow Chemical Co agreed to merge in an…
Record Low Interest in US GoM Leases
A U.S. government sale of oil and gas drilling leases in the western Gulf of Mexico attracted the lowest number of bids on record on Wednesday as slumping oil prices kept producers…
Green Activists Zero in on Arctic Drilling
Michael Brune is pleased that activists in kayaks are training for another "Paddle in Seattle" to confront an expected Royal Dutch Shell rig on its way to the Arctic to explore for oil.
Dept. of the Interior Raises $539M in Gulf Lease Sale
The U.S. Department of the Interior sold leases on oil and gas properties in the Gulf of Mexico today, receiving $538.7 million in high bids. The U.S. Department of the Interior's…
Loews Profit Hurt by Diamond Offshore Earnings
Hotel, energy and financial services conglomerate Loews Corp reported a 57 percent drop in quarterly profit due to lower earnings from Diamond Offshore Drilling Inc, one of…
US Leads Drop in Greenhouse Gas Emissions
Industrialised nations' greenhouse gas emissions fell by 1.3 percent in 2012, led by a U.S. decline to the lowest in almost two decades with a shift to natural gas from dirtier coal, official statistics show.
