Statoil swings to profit

COPENHAGEN, Denmark  — Norwegian oil and gas company Statoil ASA has swung to a profit of $611 million in the first quarter as reduced costs helped offset low crude price...
Hess’ losses widen in first quarter

NEW YORK — Hess Corp.’s first-quarter loss widened, as the oil and gas producer dealt with lower realized selling prices and a decline in production. Still, its per...
Texas oil rig count keeps falling

Texas lost another seven rigs actively drilling for oil in the past week, leaving just 343 oil rigs left nationwide as the energy sector continues to shed jobs by the tho...