Oil & Gas News

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.

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.

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.

Exxon Mobil Corp. reportedly is considering a major expansion of its Beaumont refinery in response to the U.S. shale boom, according to Reuters.

A 12-storey LNG storage tank. A rolled steel and double-walled, perlite-insulated cryogenic tank that can keep 1.5 billion cubic feet of natural gas in compressed liquid form, chilled to -160 C at the Mt.

Kerr Mines Inc. . Miner. Down 0.5 cents, or 16.67 per cent, to 2.5 cents on 7.1 million shares.

The relative slow-down in Cabot's production growth due to take-away constraints should not overshadow continued strong operating results in the Marcellus and Eagle Ford.

Australia-based Liquefied Natural Gas Ltd. announced Monday it is purchasing a potential natural gas export site in Nova Scotia from a subsidiary of Anadarko Petroleum Corp. for $11 million.

China imported 1.87 billion cubic meters of gas through the China-Burma gas pipeline in its first year of operation, China National Petroleum Corp said on Monday, as the pipeline slowly ramps up to full capacity.

Petron Corp. and Pilipinas Shell will roll back the price of gasoline by P1.20 per liter; diesel by P0.25 per liter; and kerosene by P0.20 per liter effective 12:01 a.m. on Tuesday.

Stover added that the current Tamar pipeline has on several occasion reached its full capacity due to high demand in Israel.

From the major multinational oil companies to small independent operators, rivers of campaign contributions have flowed to the state Capitol.

Traders will have plenty to occupy themselves this week as major players in the Canadian gold mining and energy sectors - the two biggest advancers on the Toronto stock market so far this year - are set to report second-quarter results.

The battle over a project proposed by the Richmond Chevron oil refinery is coming down to the wire.

Airports Company South Africa has slapped six petrochemical giants with a R15 million lawsuit for the embarrassing three-day fuel shortage that threatened to ground airlines operating from OR Tambo International Airport two years ago.

They currently have a $43.00 target price on the stock. Robert W. Baird's price target indicates a potential upside of 31.82% from the stock's previous close.

Malaysia believes far fewer investigators need to be deployed to the MH17 crash site than the 190 Australian Federal Police Prime Minister Tony Abbott's plans to send.

Arnold Van Den Berg is the founder of Austin-based Century Management . The company was founded in 1974 and currently has asset under management in excess of $2 billion.

Federal authorities charged a long-time Dallas County commissioner, John Wiley Price , with multiple corruption charges yesterday after a lengthy, 3-year long FBI investigation.

Chris John, president of the Louisiana Mid-Continent Oil and Gas Association, signed a memorandum of understanding Thursday with higher education officials.