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Oil & Gas News

Oil & Gas news continually updated from thousands of sources around the net.

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U.S. needs to pay attention to relationship with Britain, Tillerson says

Mon, 22 Jan 2018 18:00:13 GMT

The United States needs to pay attention to its treasured relationship with Britain, U.S. Secretary of State Rex Tillerson said on Monday just days after Donald Trump canceled a trip to London citing anger at the sale of an embassy. Trump's cancellation of his trip has raised questions in Britain over the links between Washington and its closest traditional ally in Europe -- widely called the "special relationship".

Halliburton beats on profit, makes tax provision

Mon, 22 Jan 2018 13:19:22 GMT

Halliburton Co posted a much bigger than expected quarterly profit in the fourth quarter, benefiting from a shale-driven surge in U.S. oil production towards 10 million barrels per day. Shares in the oilfield services provider rose around 1 percent in premarket as the company posted a profit of 53 cents a share, beating average analyst estimates of 46 cents per share, as per Thomson Reuters I/B/E/S.

TransCanada (TRP) Rating Increased to Buy at Zacks Investment Research

Mon, 22 Jan 2018 08:33:13 GMT

The firm presently has a $53.00 price target on the pipeline company's stock. Zacks Investment Research 's target price indicates a potential upside of 10.74% from the stock's current price.

Marathon Oil (MRO) Receiving Somewhat Positive Press Coverage, Analysis Shows

Mon, 22 Jan 2018 04:10:15 GMT

Media coverage about Marathon Oil has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time.

Schlumberger: They Have (Almost) Always Been Right

Sun, 21 Jan 2018 23:45:38 GMT

If Schlumberger's crystal ball is well calibrated, we might be finally staring at the early stages of a full recovery in oil and gas. I have very recently published an article on energy services leader Schlumberger arguing that "the importance of [the company's] earnings results extends beyond the financial impact to and prospects of the company itself".

PIGB to curtail stealing, revenue loss in oil industry - NEITI

Sun, 21 Jan 2018 19:20:27 GMT

By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, Sunday, commended the National Assembly for the passage of the Petroleum Industry Governance Bill, PIGB, stating that the Bill would stem the massive loss of revenue recorded in the petroleum industry, arising from corrupt practices and process lapses. NEITI, in a statement in Abuja, said it previous reports in the petroleum industry had also revealed that over $10.4 billion and N378.7 billion were lost through under-remittances, inefficiencies, theft or absence of a clear governance framework for the oil and gas industry.

Carrizo Oil & Gas Inc (Crzo) Insider S P. Iv Johnson Sells 8,000 Shares

Sun, 21 Jan 2018 14:59:26 GMT

Carrizo Oil & Gas Inc insider S P. Iv Johnson sold 8,000 shares of the business's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.92, for a total transaction of $191,360.00.

Head-To-Head Analysis: Western Gas Equity Partners

Sun, 21 Jan 2018 10:28:31 GMT

Western Gas Equity Partners and Valero Energy are both mid-cap oils/energy companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, risk, analyst recommendations, valuation, institutional ownership, profitability and earnings. Western Gas Equity Partners has a beta of 1.5, indicating that its stock price is 50% more volatile than the S&P 500.

Suncor Energy (SU) Lifted to a oeBuya at Zacks Investment Research

Sun, 21 Jan 2018 05:59:52 GMT

Complete the form below to receive the latest headlines and analysts' recommendationsfor Suncor Energy with our free daily email newsletter: was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday. The firm presently has a $43.00 price objective on the oil and gas producer's stock.

Diverse and united, women march on the Capitol in Hartford

Sun, 21 Jan 2018 01:34:03 GMT

Darcy Hicks, left, of Westport, and Laura Totten, of Stamford, react to a speech by Whoopi Goldberg in New York. Hicks founded DefenDemocracy of Connecticut, a political action group, after the 2017 Women's March.

Once Left for Dead, This Hotly Contested Oil Pipeline Now Has Enough Support to Move Forward

Sat, 20 Jan 2018 23:17:22 GMT

That seemingly put an end to a project that would have moved 830,000 barrels of oil per day from Canada's oil sands region to refineries in Texas. However, the Trump Administration resurrected the project by reversing that decision and approving the necessary permit last year .

Will GE's Bold Oil and Gas Bet Finally Start Paying Off in 2018?

Sat, 20 Jan 2018 18:52:27 GMT

One of the problem areas was its oil and gas division, which floundered after making a bold bet to merge with oil services giant Baker Hughes to form Baker Hughes, a GE Company . GE closed that deal in July, right as oil prices were in a free fall.

Welders eye oil and gas jobs

Sat, 20 Jan 2018 14:21:17 GMT

Out of the workers required, 15% will be engineers and managers, 60% are technicians and craftsmen, while 25% will be the unskilled category. PIC: One of the students receives a certificate from Stuut and David Ilukor, a lecturer at Uganda Petroleum Institute Kigumba.

Schlumberger Shares Fall on 4th Quarter Charges, Sees Growth in 2018

Sat, 20 Jan 2018 09:35:06 GMT

The oilfield service giant reported adjusted earnings of 48 cents per share on revenue of $8.2 billion, which topped analysts' expectations. Schlumberger Ltd. shares fell on Friday, Jan. 19, after posting a loss of about $2.26 billion during the fourth quarter as the oilfield service giant incurred charges totaling approximately $2.7 billion, including a $938 million write-down on the value of its Venezuelan investment.

Sulphur man charged with defrauding Chesapeake Energy of more than $4 million

Sat, 20 Jan 2018 05:11:31 GMT

According to an 11-count indictment unsealed on Friday, 41-year-old Justin Lane Foust has been charged with eight counts of wire fraud, two counts of aggravated identity theft and one count of laundering money. Authorities say Foust formed Platinum Express, LLC, which became a vendor for Chesapeake Operating, a wholly owned subsidiary of Chesapeake Energy Corporation.

Irving Oil butane line cleared to resume operations after leak forced evacuation

Sat, 20 Jan 2018 00:42:52 GMT

The search for a cause of the butane leak discovered at Irving Oil's Saint John East Terminal at 530 Bayside Dr. on Jan. 8 continues. An Irving Oil butane line that ruptured earlier this month, forcing the evacuation of part of the city's east side, has been approved to resume operations, the New Brunswick Energy and Utilities Board announced on Friday.

US rig count down by 3 to 936; Wyoming adds 3

Fri, 19 Jan 2018 20:05:09 GMT

The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 936. Houston oilfield services company Baker Hughes reported on Friday that 747 rigs were drilling for oil and 189 for natural gas this week.