Oil & Gas News

The chief executive of the nation's largest producer of natural gas says he wants to begin rebuilding his stake in the company after being forced to sell nearly all of his shares to meet margin loan calls.

Rowan Companies Inc. announced today that it has signed a contract with Devon Energy Corporation for the Gorilla class jack-up, Gorilla II, in the Gulf of Mexico.

Top executives with giant Russian energy company Gazprom met in Anchorage this week with aides to Gov.

Natural gas giant EnCana Corp. officially put its plan to split itself in two on the back burner Wednesday, citing the turmoil in global financial markets, but insisted it has not abandoned the scheme.

2008 marks the inaugural year of the ConocoPhillips Energy Prize, which recognizes new ideas and original, actionable solutions that can help improve the way the United States develops and uses energy.

Origin Energy, Australia's second largest power retailer, says it expects underlying earnings this financial year to be up to 40% higher than last year.

Petrolifera Petroleum Ltd. and Connacher Oil and Gas Ltd. announced that Richard Gusella has been forced to sell a significant portion of his common stock in the two companies to meet margin loan calls since ...

Oil-and-gas company BP America Inc. said Tuesday it has discovered oil in the deep waters of the Gulf of Mexico, its third discovery in this area.

NEW ORLEANS - Many Louisiana and Mississippi companies saw gains in their stock prices Monday, riding a market wave that brought the Dow Jones industrials up nearly 936 points.

St Petersburg News.Net Tuesday 14th October, 2008 Msocow, Oct 14 Russia would provide $9 billion to the country's four top oil and gas companies, including Russian-British joint venture TNK-BP, to refinance ...

World Fuel Services Corp., which markets and sells fuel products and services, said Monday its board authorized a $50 million share buyback plan.

Alabama Gov. Bob Riley has rejected plans by a Texas company for an offshore liquefied natural gas terminal in the Gulf of Mexico - the second such project he has turned away since 2006.

Tesoro Corp. offered an advance estimate of third-quarter earnings that projects earnings-per-share to be in the range of $1.70 to $1.90 per share.

Chesapeake Energy Corp. cited economic conditions as it abandoned plans for Shale.TV, marketed as an online education program on natural gas.

Exxon Mobil is taking a major hit this week, as oil prices are down nearly $14 a barrel from last Friday's close.

Oregon was joined by Attorneys General from 45 other states and the District of Columbia.

Woodside Petroleum Ltd. and Chevron Corp. are among liquefied natural gas producers in the Australian region that may delay committing to new projects costing more than $70 billion because of lower oil prices ...

Expect more natural gas exploration in the Columbia Basin. Recent corporate jockeying will mean drilling at least two more natural gas wells, though companies have not decided where or when.

The Toronto stock market jumped over 200 points Wednesday, snapping a vicious five session losing streak at the end of a whipsaw trading day.

Iraq's oil minister will meet Monday in London with representatives of international oil companies for the first round of bidding for new contracts in the country since the U.S.-led invasion in 2003, the ...