Production rise helps Shell beat forecasts in Q1

Royal Dutch Shell PLC delivered forecast-busting first quarter earnings on Thursday as it benefited from higher oil prices, and said it is looking for ways to exploit the current low cost of natural gas in North America.  More »

Argentine Senate approves of YPF takeover

Argentina’s Senate on early Thursday approved the forced takeover of the YPF oil company from Spain’s Repsol.  More »

Exxon streak of profit gains may have ended in 1Q

Exxon’s money-making machine could be slowing down a bit.  More »

Seismic testing hearings scheduled in Wilmington

The federal government is hearing from North Carolina residents on surveying for oil and natural gas off the Atlantic coast.  More »

Turkey starts oil, gas search in north Cyprus

Turkey began exploratory drilling for oil and gas Thursday in the breakaway north of ethnically divided Cyprus, heightening a dispute over who is entitled to the Mediterranean island’s potential fuel riches.  More »

Judge leans toward preliminary OK of BP settlement

U.S. District Judge Carl Barbier said during a hearing Wednesday in New Orleans that he plans to rule within a week.  More »

Exxon Mobil, Chevron raise their quarterly dividends

Exxon Mobil Corp. will now pay its shareholders $10.75 billion in dividends per year, according to Standard & Poor’s, up from $9 billion  More »

Oil prices rise on Fed’s brighter U.S. outlook

Benchmark West Texas Intermediate crude added 57 cents to $104.12 per barrel in New York.  More »

National Oilwell Varco profit climbs 49 percent

The company, which designs and manufactures equipment for oil and gas drilling, reported net income of $606 million.  More »

Chesapeake gas well failure prompts evacuation near Douglas

Several dozen residents near Douglas have evacuated because of a problem at a natural gas well.  More »

Hess Corp. 1st-quarter profit declines 41 percent

Hess Corp. said today that first-quarter net income dropped 41 percent when compared with a year-ago quarter that included a $310 million gain from asset sales.  More »

Rosneft, Eni to jointly explore oil-rich Arctic

Rosneft, Russia’s largest oil producer, and Italy’s Eni have signed a deal to jointly explore for oil and gas in Russia’s Arctic.  More »