Topic: Oil and Gas Exploration and Drilling
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20 most obscure team nicknames in pro sports
Most pro team nicknames make sense at some level. But there are a fair number of head-scratching nicknames. Here are 20 with explanations on their selection:
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Fortune 500: Top 10 companies in 2013
Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
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Five energy challenges for Venezuela
With the passing of Hugo Chávez, the issue of what Venezuela chooses to do with its oil moves to center stage for the energy industry – and for environmentalists. Here are five energy challenges that Venezuela will have to face.
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Gender pay gap: Top 5 best and worst states
The pay gap between men and women has steadily narrowed during the past few decades. Women earned 77 cents for every dollar men earned in 2011, compared with 59 cents in 1963. Here is a look at states with biggest and smallest gender pay gaps today.
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Cheapest way to heat your home? Four fuels compared.
Not all home heating fuels are created equal. Here's what it would cost to heat the average home in the Northeast with oil, natural gas, electricity, and propane, as forecast by the Energy Information Administration (EIA):
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Energy Voices Forget ExxonMobil. Chevron is new leader in oil.
Although Chevron is smaller, it has eclipsed ExxonMobil as the best-managed international oil company. Chevron's stock has outperformed ExxonMobil's, it pays a higher dividend, and the company is reporting a slightly higher profit margin.
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Energy Voices Canada boosts advertising budget for tar sands, Keystone XL
Canada has increased their expenditure on advertising for tar sands and the Keystone XL pipeline from $9 million in 2012, to $16.5 million in 2013, Peixe writes. The advertising campaign is targeted at Obama administration officials, hoping to sway their opinion on Keystone XL.
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Energy Voices Who benefits when natural gas prices rise?
Stronger natural gas prices are good news for some and bad news for others, Rapier writes. Given their heavy investments in natural gas, ExxonMobil and ConocoPhillips, along with Chesapeake, stand to benefit from the recovery in natural gas prices.
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Energy Voices Algeria after terrorist attack: Don't count on security promises
Algerian moves to increase security after a terrorist attack on a natural gas facility in January don't address the underlying security threat of doing business there. Energy and other companies must beware of the destabilizing rivalries among Algerian leaders, who use extremist groups for their own ends.
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20 most obscure team nicknames in pro sports
Most pro team nicknames make sense at some level. But there are a fair number of head-scratching nicknames. Here are 20 with explanations on their selection:
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Fortune 500: Top 10 companies in 2013
Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
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Energy Voices Is OPEC coming apart at the seams?
In a lackluster economy, there hasn't been much from OPEC members to suggest there was any sort of revival, Graeber writes. But with seven of the 12 members of the cartel experiencing at least some form of upheaval, the cost of doing business suggests members may need more than a little bit of luck to return to glory.
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Energy Voices Oil companies near multi-year highs. Still undervalued.
Oil companies should no longer be valued by their reserves. New drilling technologies like fracking and horizontal drilling mean oil companies operate more like advanced manufacturers, which have much higher price-earnings ratios.
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Energy Voices What determines energy abundance? Flow.
Energy abundance depends entirely on the rate of the flow of oil, gas and other resources, Cobb writes. It is not, as many suggest, dependent on supposed, but often unverified, fossil fuel reserves in the ground.
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Energy Voices US oil and gas workers see pay fall. Sign of trouble for energy?
Average compensation for oil and gas professionals in the US fell 4 percent last year, according to a new study. The decline in pay coincides with a slowdown in the energy's industry's growth, but the industry may simply be catching its breath.
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Energy Voices Oil by train runs out of track
Shipping oil by rail used to be the answer to tight pipeline capacity and cheap Canadian crude, Schaeffer writes, but the question now is: Has that train left the station?
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Exxon Mobil earnings up despite drop in oil, gas production
Exxon Mobil announced a rise in earnings in the first quarter despite a decline in production of oil and gas. Profits from chemicals production and lower taxes helped Exxon Mobil offset the drop in oil and gas production.
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Energy Voices Statoil eyes major new North Sea oil discovery
Statoil could be sitting on between 40 million and 150 million recoverable barrels of oil equivalent in the North Sea, the company announced last week. The 40-150 million recoverable barrels estimate is still under a “high degree of uncertainty”, Statoil said, with additional appraisals ongoing to confirm the findings.
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Energy Voices BP delays $10 billion Gulf of Mexico project due to rising costs
BP's largest new oil project in the Gulf, called Mad Dog Phase 2, sits atop a 4 billion barrel oil field. BP blames 'market conditions and industry inflation' for delay.
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Netflix soars. Other stocks rise on recovery in oil prices.
Netflix gains 20 percent after adding 2 million subscribers during the first quarter. Dow, S&P edge up as oil prices rise after last week's tumble.
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Energy Voices How GE is boosting its oil and gas portfolio
GE's acquisition of a Lufkin significantly boosts GE’s oil and gas portfolio, which was worth $15.2 billion of its total $147 billion in revenues for 2012, Alic writes. Over the past three years, GE’s oil and gas segment has realized annual growth of 16 percent due to an ambitious acquisition drive.
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Energy Voices A global fracking revolution? Curb your enthusiasm.
While China, Saudi Arabia, and other nations are pushing to replicate America's shale boom, they face huge logistical obstacles. Some nations may find the investment is just too big.
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Energy Voices The decline of the world's major oil fields
Aging giant fields produce more than half of global oil supply and are already declining as group, Cobb writes. Research suggests that their annual production decline rates are likely to accelerate.
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Energy Voices New technology could mean tar sands production in US
The US Department of Energy has unveiled a new technology that can be used to make US oil sands and heavy oil economically viable for refining.
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Energy Voices Alberta mulls new emissions rules to allay Keystone XL pipeline concerns
Alberta is considering new rules that would require the oil industry to cut greenhouse gas emissions tied to oil sands production by as much as 40 percent per barrel, Graeber writes. The measure may be part of the government's push to allay Washington's concerns about the Keystone XL pipeline.
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GE's latest energy play: Lufkin
General Electric to pay $33 billion for oilfield equipment maker Lufkin. General Electric hopes to cash in on energy boom with purchase of Lufkin and other energy-equipment manufacturers.
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Energy Voices Is the future of oil in Tunisia?
Oil industry veteran John Nelson talks to OilPrice.com about the developing interest in Tunisia's energy resources. New bid rounds and forced relinquishments have created an opportunity for new companies to take interest in Tunisia's oil resources.
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Energy Voices BP to sell US wind assets, renew focus on petroleum
BP will sell its US wind energy assets as part of a strategy to focus on oil and gas. It also forms part of the program to raise $38 billion from assets sales in order to cover the costs that BP is facing from the fallout of the 2010 Deepwater Horizon spill in the Gulf of Mexico, Peixe writes.
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For Keystone XL foes, oozing Canadian crude in Arkansas spill is black gold (+video)
Thousands of barrels of Canadian crude spilled from an ExxonMobil pipeline in Arkansas Friday. Opponents of the proposed Keystone XL say the black goo in backyards makes their case.
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Energy Voices Oil supermajor drops out of Canadian tar sands project
Total SA, a French oil supermajor, will sell its 49 percent stake in a Canadian oil sands project. The sale raises questions about whether the controversial Keystone XL pipeline project is really in the US’ interests, Alic writes.
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