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Oil & Gas News

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

3 hrs ago | Prince George Citizen

Suncor net income falls, takes charge on cancelled oilsands project

The Suncor Refinery in Edmonton is seen on Tuesday, April 29, 2014. Suncor Energy Inc. has posted a nearly 70 per cent drop in net income during the second quarter as it took charges related to the cancellation of the Joslyn oilsands project and unrest in Libya.

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Related Topix: Suncor Energy

5 hrs ago | Brandon Sun

Penn West Petroleum shares dive after accounting review finds faults

Shares in Penn West Petroleum Ltd. fell sharply Wednesday after the company announced it's reviewing its accounting practices going back several years and will have to restate some of its past financial reports.

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Related Topix: Penn West Energy Trust, Energy, Suncor Energy

9 hrs ago | ABC News

Correction: Exxon Mobil-Gay Rights Story

In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company's equal employment opportunity statement.

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Related Topix: Exxon Mobil, Energy, Gay/Lesbian, ExxonMobil Chemical, Chemicals, Irving, TX, Transgender

13 hrs ago | Tri-cityherald.com

Valero Energy 2Q profit rises 26 percent

The San Antonio-based company said net income increased to $588 million, or $1.10 per share, from $466 million, or 85 cents per share, in the same quarter a year ago.

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Related Topix: Energy, Valero Energy, Velos, Startups

13 hrs ago | Journalgazette.net

US economy grew at strong 4 percent rate in spring

In this June 4 photo, Baltazar Rosado, of Hollywood, Fla., pumps gasoline into his car at a Chevron gasoline station in Pembroke Pines, Fla.

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Related Topix: Hollywood, FL, Pembroke Pines, FL, Chevron Corporation, Energy

15 hrs ago | Sydney Morning Herald

Ceasefire in Tripoli to let firefighters try to control huge oil depot fire caused by rocket

Tripoli: Rival militias fighting for control of Tripoli airport agreed on Wednesday to a temporary ceasefire to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.

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Related Topix: Fire, Muammar Gaddafi (Gadhafi), World News, Africa, Libya, National Oil, Energy

18 hrs ago | Inside Bay Area

Richmond approves massive Chevron refinery project with $90 million in community benefits

Chevron's five year-plus quest to initiate a $1 billion upgrade to its century old refinery, the largest in Northern California, was approved by a divided City Council late Tuesday after the company and city staff hammered out a last minute deal upping community investments and installing safety and piping upgrades as part of the project.

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Related Topix: Chevron Corporation, Energy, George Miller, US Politics, US News, US House of Representatives, Democrat, California

19 hrs ago | Tri-cityherald.com

Hess 2Q adjusted profit, revenue top Street's view

Its adjusted profit and revenue topped analysts' estimates, and the energy company boosted its stock buyback program to $6.5 billion from $4 billion.

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Related Topix: Amerada Hess

19 hrs ago | The Modesto Bee

Overhaul approved for troubled California refinery

The Contra Costa Times reports the City Council of Richmond voted 5-0 Tuesday night for the overhaul.

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Related Topix: Richmond (San Francisco, CA), San Francisco County, CA, San Francisco, CA, Chevron Corporation, Energy, Modesto, CA

21 hrs ago | Journalgazette.net

Investors to collect in Marathon case

Nearly two years after a jury ruled in their favor, a group of investors entangled in a lawsuit with Marathon Oil over damaged properties can collect nearly half a million dollars.

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Related Topix: Marathon Oil, Energy

Yesterday | Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The new shares are dis... )--Pulaski Financial Corp. reported net income available to common shareholders for the quarter ended June 30, 2014 of $2.8 mill... )--Newmont Mining Corporation will invest in developing the Merian gold mine in Suriname with strong local support for the project and expected all-in sustaining c... )--Mike Sickels, chairman ... (more)

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Related Topix: Newmont Mining Corporation of Canada, Mining, UGI, Energy, Amerigas Partners lp

Tue Jul 29, 2014

Business Journal

The loophole energy companies got away with that POTUS wants to stop

President Barack Obama is exploring ways to prevent American businesses from moving their tax domiciles overseas, but the current spate of such occurrences really took off 15 years ago within the Houston energy sector, legal experts said.

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Related Topix: US Politics, Barack Obama, US News, US Senate, Democrat, Transocean, Banking, Financial Services, Riggs National, Noble Corporation New Cayman, Energy, Weatherford International, Murphy Exploration and Production Company International

The Modesto Bee

Chevron puts plans for Pittsburgh facility on hold

The Pittsburgh Post-Gazette reported Tuesday that the energy company has delayed a final decision on the office project for the foreseeable future.

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Related Topix: Chevron Corporation, Energy, San Ramon, CA, Modesto, CA

The New Zealand Herald

Luxury oil summit during Rugby Cup was an 'investment'

Oil executives had dinner at Logan Brown, a sail on Wellington Harbour and a four night stay at the Intercontinental - all on the taxpayer.

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Related Topix: Energy, Chevron Corporation

The Family Badge

Murder on the Pipelines: Drug Cartels Turn Texas Oil Routes Into Killing Zones

The Vickers ranch is crossed by a steel pipe as thick as a man's calf. It delivers crude oil from a cluster of south Texas oilfields known as the Vicksburg Fault Zone to refineries in the subtropical waterfront city of Corpus Christi.

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Related Topix: Drugs, Corpus Christi, TX, Chevron Corporation, Energy, Falfurrias, TX

Bellingham Herald

China's anti-corruption push targets highest-ranking official yet

The investigation of Zhou had been rumored for months, but was officially confirmed Tuesday by Xinhua, China's state-run news agency.

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Related Topix: China National Petroleum, Energy

Express India

Huawei says ships 34 mln smartphones in H1 globally, up 62 pct y/y

China's Huawei Technologies Co Ltd said smartphone shipments in the first half rose 62 percent year-on-year, as it targets the more expensive smartphone sector dominated by Samsung Electronics Co Ltd and Apple Inc. Shenzhen-based Huawei has shipped 34.27 million smartphones globally in the first six months ending June 30 - about 43 percent of its ... (more)

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Related Topix: Huawei Technologies, Semiconductors, Samsung Electronics Co, Electronics, Apple, Startups, Energy, Samsung

Fox News

Chesapeake Energy to Buy Back Preferred Shares

Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance sheet and eliminate about $75 million in annual dividend payments.

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Related Topix: Chesapeake Energy, Energy, Powder River, WY, Business News

Brandon Sun

TSX to advance amid mixed earnings; traders look to housing, consumer data

The Toronto stock market looked set for a higher open Tuesday as traders digest earnings news and await U.S. data on home prices and consumer confidence.

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Related Topix: Housing, Talisman Energy, Energy, Barrick Gold, Mining

Brandon Sun

Calgary's Talisman Energy posts Q2 net loss of $237M on higher revenues

Talisman Energy, which has been approached by Spain's Repsol for a potential deal, reports a second-quarter loss of net loss of US$237 million, or 23 cents per share.

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Related Topix: Talisman Energy, Energy

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