(Ty Wright/Bloomberg)

Rising gasoline supply is weighing down crude

Crude oil futures swung between a gain and a loss Wednesday to settle at about even, after weekly inventory data showed a small build in gasoline inventories.
(Ty Wright/Bloomberg)

Willbros continues to sell off business units after spate of investor activism

The move comes after Willbros last week agreed to annual elections for everyone on its board of directors instead of the current system of staggered, three-year terms. Investor groups contended that more accountability is needed to move past allegations of mismanagement and entrenched cronyism.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy seeks dismissal of nonprofits’ lawsuit

Chesapeake Energy is seeking the dismissal of a lawsuit that alleges it took oil and gas from a property without a lease agreement with the owners.

Colorado energy companies take trespassing claims to court

Encana Corp. has sued WPX Energy, saying WPX knowingly drilled a well that passed horizontally through Encana’s mineral estate in the Parachute Creek area without getting Encana’s permission.

Market Assessment Based on Muddled Thinking

Seeking Alpha is a financial and market website. In a recent post, it took ExxonMobil to task for its Chairman’s annual meeting remark about renewables. In answering a question, he said, “We choose not the lose money on purpose”. Seeking Alpha maintains that renewable energy is clearly on the rise (with solar PV showing particular […]
Categories: featured, General, p2
Helix Well Containment Group equipment was deployed in a drill at a Noble Energy test well in May, with federal regulators and industry representatives looking on. (Photo: Noble Energy)

Despite new discoveries, deep water’s a bit still

Marshall Adkins, director of energy research at Raymond James in Houston, said the moves show there is reason for optimism, but that the deepwater oil and gas sector might be 18 months away from seeing a rebound, as opposed to the quicker recoveries expected in U.S. shale.
India's Minister for Petroleum and Natural Gas, Dharmendra Pradhan (L-R), Minister of Oil of Iraq, Adil Abd Al-Mahdi, Minister of oil of Iran, Namdar Zangeneh, Venezuela's Minister for Petroleum and Mining, Asdrubal Chavez J, and Secretary General of the International Energy Forum, Aldo Flores-Quiroga, attend an OPEC seminar  on June 3, 2015 in Vienna. (AFP PHOTO / JOE KLAMARJOE KLAMAR/AFP/Getty Images)

Iran seeking billions to rebuild natural gas industry

While commodity markets fixate on a return of Iranian oil, the importance of gas in the longer term was underlined Wednesday as BP Plc data showed the Islamic Republic held its position as the nation with the largest proven reserves of the fuel after snatching the crown from Russia in 2011.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Drilling slowdown continues as 7 more oil rigs go dark

The number of rigs chasing oil fell to a total of 635, extending the slowdown for a 27th consecutive week, according to weekly data from oil services firm Baker Hughes.
Categories: General
Memers of theOrganization of the Petroleum States meet In November 2014 at OPEC headquarters in Vienna. AFP PHOTO/SAMUEL KUBANISAMUEL KUBANI/AFP/Getty Images

Indonesia to rejoin OPEC in move to secure oil supplies

The Southeast Asian country left the group in 2008 after nearly five decades of being the only Asian member amid declining oil reserves and investment
In this June 10, 2015 photo, Dr. Anne Sheehan, Professor of Geological Sciences and Fellow of the Cooperative Institute for Research in Environmental Sciences opens a compartment in a weatherproof digital recorder, part of her kit of solar-powered seismometers, used to measure earthquakes, including those caused by injection wells at petroleum extraction sites, at CU Boulder, in Boulder, Colo. (AP Photo/Brennan Linsley)

Earthquakes near Colorado wastewater well decrease

DENVER — The ground around a northern Colorado wastewater injection well has been relatively quiet for more than two months, offering hope that a 10-month string of more than 200 small earthquakes might have subsided.