Latest news on ‘Oil & Gas’
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Oil prices rise to settle above $82
NEW YORK (AP) – Oil settled above $82 on Wednesday after driving past $83 briefly following a government report that showed U.S. crude oil supplies didn’t grow as much as [...]
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Arrow Energy gets $3 billion takeover bid
SYDNEY, (AP) – Arrow Energy Ltd., a major owner of natural gas assets in northern Australia, said Monday that a company jointly owned by Royal Dutch Shell and PetroChina has [...]
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Oil hovers around $78.80, U.S. stocks eyed
LONDON (Reuters) – Oil oscillated around $78.80, reining in earlier losses on Wednesday as a strike at Total’s French refineries looked set to end and the dollar slipped after comments [...]
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Schlumberger in Talks to Buy Smith International
By JEFFREY MCCRACKEN And BEN CASSELMAN
Oil-services company Schlumberger Ltd. is in advanced discussions to acquire Smith International Inc., according to people familiar with the negotiations, a deal that would create [...] -
Oil Trades Above $77 After Rising as Dollar Drops Versus Euro
By Christian Schmollinger and Ben Sharples
(Bloomberg) – Crude oil was little changed above $77 a barrel in New York after rising as the dollar fell against the euro on speculation [...] -
Oil Trades Near $74 as Dollar Gains on Greece Debt Concerns
By Christian Schmollinger and Ben Sharples
(Bloomberg) – Crude oil traded near $74 a barrel as the euro held close to a nine-month low against the dollar after European leaders refused [...] -
FormCap Increases Land Position in New Mexico
FormCap Corp (FRMC.PK) is pleased to announce that it has increased its acreage position in the Permian Basin by approximately 1,000 gross acres to 5,800 acres of oil & gas [...]
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Energy prices plummet on bleak jobs data, stocks
NEW YORK (AP) – Energy prices dropped Thursday as dismal job news, a sinking stock market and a lower-than-expected draw on natural gas supplies dimmed hopes for stronger energy demand.
Benchmark [...] -
Shell, Brazil’s Cosan May Share Control of Top Cane Processor
By Fred Pals and Lucia Kassai (Bloomberg) – Royal Dutch Shell Plc formed an ethanol venture with Cosan SA Industria & Comercio in Brazil, an accord that may give the [...]
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Oil up to around $75 ahead of US inventory report
By Pablo Gorondi (AP)
Oil prices rose to around $75 a barrel Wednesday in a wavering market as investors played down concerns that energy demand isn’t recovering as quickly as expected.
By [...]
