Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton believers could win big betting on deal

Traders willing to bet the biggest oil-services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Hercules Offshore no longer listed on Nasdaq

Nasdaq staff determined Hercules no longer met the requirements to continue being listed on the exchange and the Houston-based company did not appeal the decision. Its last trading day will be Sept. 7.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil industry needs half a trillion dollars to endure price slump

If oil stays at about $40 a barrel, the shakeout could be profound.
Cobalt International Energy used the Petroserv SSV Catarina Rig to drill the Lontra #1 discovery well off the coast of Angola.  (Cobalt International Energy)

Cobalt’s CFO resigns

Cobalt International Energy, after the close of the market Tuesday, announced its chief financial officer is leaving “to pursue other interests.”
Linn Energy CFO Kolja Rockov (far left) and and then-Senior Vice President of Business Development David Rottino (far right) pictured with other Linn executives in front of the NASDAQ exchange in New York City in 2011. (Linn Energy handout)

Linn Energy CFO steps down

The company has struggled after oil prices plummeted in 2014, and is once more under pressure following this month’s slide back below $40 per barrel.
Harold Hamm and ex-wife Sue Ann Arnall at the the TIME 100 Gala on April 24, 2012 in New York City.  (Photo by Kevin Mazur/WireImage for TIME)

Ex-wife of Continental Resources CEO sues over investment

The lawsuit by Sue Ann Arnall alleges the $4.5 million sale in 2005 of the parent company and sole shareholder of Jolette Oil to Continental Resources was below market value. It asks for damages in excess of $10,000.
Categories: Finance/Earnings

Miller Energy reaches tentative deal on SEC charges

Miller Energy, which relocated from Tennessee to Houston early this year, is fighting to stave off filing for bankruptcy, and the company said in a new CEO filing Thursday that it will pay the $5 million over three years.
Venezuelan President Nicolas Maduro (MIGUEL ANGULO/AFP/Getty Images)

Cash-strapped Venezuela may sell off gold, Citigroup says

Venezuela gets more than 95 percent of its export revenue from oil, and the slump in crude prices has stoked concern that the nation may face difficulties paying debt.
(Eddie Seal/Bloomberg News)

Samson Resources, Energy Future busts threaten private equity giant’s $5 billion in investments

Two debacles could vaporize most of the roughly $5 billion that investors in a KKR private-equity fund and the firm sank into the deals.
(AP Photo/ Louis Lanzano)

NYSE warns Willbros Group of potential de-listing

The New York Stock Exchange has warned oil engineering firm Willbros Group its stock could be de-listed unless it trades at an average $1 a share over a 30-day period.