Many accountants would get lost in the plush garden of oil and gas acronyms, insider terminology and generally obscure language.
So would Jeff Labay — if his father hadn’t scooped him up more than a decade ago for a gig as a floor hand on an oil rig. More »
The world is becoming more efficient in how it uses energy, but growing economies and an ever increasing world population will still mean an overall growing demand for energy in the coming decades, an industry expert said Saturday. More »
BP ’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision. More »
A federal judge has temporarily suspended BP oil spill settlement payments to businesses while he reconsiders the company’s arguments against compensating those that cannot trace losses directly to the nation’s worst offshore oil spill. More »
Phillips 66 said Friday it is planning to spend $2.7 billion next year to expand its midstream and chemicals businesses, as its once most lucrative business – petrochemical refining – has fallen on hard times. More »
ConocoPhillips is planning to spend $16.7 billion next year, aiming to boost drilling in U.S. shale plays and increase expenditures in the deep-water Gulf of Mexico, Alaska and elsewhere, the company said Friday. More »
Shares for Houston-based Cheniere Energy are up more than 13 percent this week after the company announced its first deal to liquefy and ship natural gas from a planned facility in Corpus Christi to Indonesia. More »
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