Cold temperatures, a lack of storage facilities and cutbacks in natural gas drilling are all helping push the price of natural gas well above four dollars, according to an Ernst &Young analysis released Tuesday morning. More »
The oil and gas sector announced an average of four deals each day in 2012, according to a report released Thursday. Oilfield services was the fastest-growing segment. More »
The nation’s oil capital rose two places in the biannual Ernst & Young ranking for renewable energy, thanks to its robust wind energy program and solar energy potential. More »
Just 36 percent of surveyed oil and gas executives had a positive outlook for corporate earnings, down from the 52 percent just six months ago, according to a global industry report. More »
U.S. oil reserves grew 9 percent in 2011 as companies funneled billions into exploring for new deposits across the country, according to an Ernst & Young study. More »
Just 31 percent of surveyed oil and gas executives expect to pursue acquisitions over the next 12 months, down from 48 percent in October, according to an Ernst & Young report. More »
The charges announced today against Transocean and Transocean Offshore Deepwater Drilling Inc. are related to the sale of 12 oil rigs 10 years ago by their Norwegian subsidiary Transocean ASA.
The industry’s 50 largest companies saw their greatest annual growth in domestic oil and gas reserves in at least five years, according to a study by Ernst & Young. The Permian Basin in West Texas and the Eagle Ford play in South Texas in particular benefited from growing interest in shale gas. More »