The company also said it wrote down the value of its oil and gas assets by $1.6 billion in the fourth quarter of 2015.
Poland’s state-controlled oil and gas company PGNiG filed a lawsuit against Russia’s energy giant Gazprom over gas prices, according to the company’s statement.
Stocks are closing mostly lower after another steep drop in oil and natural gas prices pulled energy companies down. Prices for crude oil and natural gas each slumped about 6% Monday, the latest blow to the beleaguered energy sector. Oil and gas companies took heavy losses. Devon Energy sank 7%...
Despite news of a possible OPEC meeting to stem plunging prices and curb production, the cartel remains reluctant to cut oil output, unwilling to loose markets to non-OPEC members and allowing the US shale gas come back and re-gain the ground, analysts told Sputnik.
“When you are making money and shareholders are happy, there is little case for change,” explains Peter Reynolds, a contributing analyst with the ARC Advisory Group. “But when prices are this low, it’s time to look at doing things differently.” Reynolds is talking about the need for change in the oil [...]
Another steep drop in oil and natural gas prices is pulling the stock market lower in early trading Monday. Southwestern Energy, a natural gas company, plunged 10% shortly after the opening bell Monday. Chesapeake Energy sank 6%. The Dow Jones industrial average gave up 105 points, or 0.7%, to...
Great annual recap by DHA President Robert Wittenstein Washington D.C. Update by Congressman Price Georgia Legislative Update from GA Senator Fran Millar Award presentations to UPS, Bloom Orthodontics, Denis Crean and the naming of the Parade Grand Marshal. Show More Summary
The California Public Utilities Commission has approved a pilot program that will see public utility San Diego Gas & Electric install and operate 3,500 new charging stations for electric vehicles. Charges for plugging in to charge an...Show More Summary
WELL, THIS IS ENCOURAGING: Oil Crash Only The Tip Of The Iceberg. “We may be enjoying amazingly low prices at the gas pump, but as oil prices continueing to slide we must also remember the catastrophic events that have followed almost every drastic oil price slump in the past.”
Oil and gas firm says more writedowns are likely in wake of global oil price slump.
Oil and gas group logs a decrease in revenue as lower energy prices bite.
When I first started driving in the mid-1990s, gas prices generally hovered around $1.25 a gallon, and I could fill up my Chevy Cavalier with just $20 — and receive change back. In the last few years, it seemed as though the $20 fill-up was a thing of the past. That's why the last several...
On that day, the consumers were the only winners—kind of
Russia’s Energy Minister Alexander Novak met with the leaders of the Russian oil and gas sector Wednesday to discuss possible coordination with OPEC member states to alleviate the unfavourable state of the global oil price market.
In the wake of low gas prices and very strong demand for trucks and SUVs, Fiat-Chrysler is changing its five-year product plan after only a year. Continue reading FCA goes all-in on Jeep and Ram brands on cheap gas bet FCA goes all-in on Jeep and Ram brands on cheap gas bet originally appeared on Autoblog on Wed, 27 Jan 2016 14:34:00 EST. Show More Summary
We have all noticed the rapid decline in the price of gasoline at the pump and have probably heard news about the price of oil, dropping to less than $30 a barrel. The average price of a gallon of gas today is about $1.85. Many can remember $4 [...]
While green car sales are slipping as gas prices continue to fall, it's become a buyers market for automotive environmentalists with deep discounts and cash rebates plentiful – here's a look at the best of the bunch for 2016.
More than 80 percent of Shell shareholders approved the tie-up with gas group BG on Jan. 27. That implies they think oil will recover to $60 a barrel, twice its current level. Cost savings help support the deal, but it still requires an optimistic frame of mind.
Hess Corp. reported its first annual loss in 13 years as it cut spending to weather a prolonged slump in oil prices. The oil and gas producer posted a net loss of $1.82 billion, or $6.43 a share, in... To view the full story, click the title link.
The deal, one of the first struck with the price of oil in free fall, will create the global leader among public companies in liquefied natural gas.