Oil & Gas News

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 1,875.

The Red Deer Creek fire burning southeast of the mining community of Tumbler Ridge was caused by a lightning strike Talisman Energy Inc. says a wildfire burning in northeastern B.C. has forced the evacuation of its Ojay gas plant and shut in about 2,000 to 3,000 barrels per day of production.

Halliburton said Friday it is entering its first joint venture in China that will use hydraulic fracturing, or fracking, to unleash energy.

The price of oil began to fall again on Friday, giving up most of the gains it had made the previous day in the first rally in two weeks.

TheStreet Ratings team rates EXXON MOBIL CORP as a Buy with a ratings score of A-.

Fitch has also assigned Lon... )--Chesapeake Energy Corporation has scheduled to release its 2014 second quarter operational update and financial results before market open on Wednesday, A... )--Verastem, Inc. , focused on discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells, today hosted its annual Re...

British Columbia First Nations are wasting no time in enforcing their claim on traditional lands in light of a landmark Supreme Court of Canada decision recognizing aboriginal land title.

A judge in Michigan has ruled that Oklahoma-based Chesapeake Energy Corp must face a criminal trial on a charge of bid-rigging with competitor Encana Corp at a 2010 state land lease auction, citing evidence of a conspiracy between the companies that drove state lease prices down sharply.

A powerful union is pulling its support from the United Negro College Fund after the fund accepted $25 million from Koch Industries Inc. and the Charles Koch Foundation.

"Free Metro Rail use led people to make healthier, more environmentally friendly decisions that improved the quality of life in the city of Buffalo and its surrounding regions."

Shell will press on with new plants to convert gas to liquid fuels, its investment and technical edge leaving its peers behind in the process once seen as a radical game changer.

Fidelity Investments is eliminating about 400 jobs in Covington, Ky., as the financial-services giant moves its printing and mailing operations to a third-party provider.

It was abundantly clear Monday night that Burnaby city council is not satisfied with Kinder Morgan's response to their 1,700 questions.

Early Wednesday, HSBC analyst Phillip Lindsay upgraded shares of the oilfield service giant to Overweight from Neutral, and increased his target price by $30, to $135.

He will also work in the International Arbitration practice. He comes to the firm from Baker Botts and their office in Houston.

Incoming Lone Star College System Chancellor Steve Head, who takes over the job Aug. 1, hopes the new 70,000-square-foot Energy and Manufacturing Institute will help meet employers' demands for middle-skill jobs.

Fortis Inc. . Utilities. Up 64 cents, or 1.66 per cent, to $39.29 on 14.2 million shares.

A Supreme Court ruling on aboriginal title has not swayed Enbridge Inc.'s outlook for its controversial Northern Gateway pipeline to the West Coast.

The recent listing of the VA's Battle Mountain Sanitarium on the National Trust of Historic Place's 2014 Most Endangered Historic Places probably won't be enough to alter the U.S. Department of Veterans Affair's proposal to close its Hot Springs VA Medical Center and relocate to Rapid City.

Encana Corp. CEO Doug Suttles says the company has agreed to sell one gas-fired power plant it owns and operates in Alberta and the 50 per cent stake it holds in another.