Energy Sector

1-17 of 64 results

Oil prices dip, stay above $77

AFP Global Edition 16 hours ago

Oil prices fell slightly on Tuesday amid lingering concerns about weak energy demand. New York's main contract, light sweet crude for January delivery, eased 19 cents to 77.37 dollars a barrel. Brent North Sea crude for January delivery dipped seven cents to ...

Oil prices power higher as dollar weakens

AFP Global Edition yesterday

Oil prices rose sharply on Monday as a weaker dollar helped boost demand for commodities, analysts said. New York's main contract, light sweet crude for January delivery, advanced 1.86 dollars to 79.33 dollars a barrel. The December contract had expired at 76.72 ...

Smith International closes sale of 28M shares

AP News yesterday

Smith says it sold 28M shares at $26.50 per share, proceeds will be used to pay back debt Oilfield services company Smith International Inc. said Monday it sold 28 million new shares of stock at $26.50 per share. Smith announced the public ...

BJ Services posts 4Q loss

AP News yesterday

BJ Services posts 4Q loss, steep revenue drop as drilling declines Oil services company BJ Services Co. said Monday it posted a fiscal fourth-quarter loss as drilling plunged. The Houston company lost $9.9 million, or 3 cents per share, compared with a ...

Newfield upgraded on attractive stock price

AP News yesterday

Newfield Exploration upgraded on attractive stock price, expanding oil exposure Shares of Newfield Exploration Co. could gain from increasing exposure to oil resources, an analyst said Monday as he upgraded the stock. The oil and gas producer's shares rose 73 cents, or ...

Schlumberger shares rise as analyst upgrades stock

AP News yesterday

Shares of Schlumberger jump as Credit Suisse upgrades stock to "Outperform" Shares of Schlumberger Ltd. climbed on Monday as an analyst upgraded the stock, citing strong operating results, its attractive international exposure compared with peers and optimism about the oilfield services' earnings ...

Delaware offering assistance to Valero employees

AP News yesterday

Delaware rapid response teams offering assistance to Valero employees after plant closure State officials are helping people who are losing their jobs at the Delaware City Valero plant get information about training for new jobs and other benefits available to them. The ...

Work to start on 2nd phase of Maine wind farm

AP News yesterday

Construction to start on 2nd phase of eastern Maine wind farm; 17 more windmills to be built Work begins on another Maine wind farm this week. A groundbreaking for the second phase of First Wind's Stetson project near Danforth in eastern Maine ...

Heritage Oil to sell Ugandan fields to Italy's Eni

AP News yesterday

Britain's Heritage Oil PLC agrees to sell Ugandan fields to Italy's Eni, drops bid for Genel British oil exploration company Heritage Oil PLC said Monday it has agreed to sell its stakes in two Ugandan fields to Italy's Eni SpA for up ...

Anger builds as China mine toll rises to 104

AFP Global Edition yesterday

Relatives of victims angrily demanded answers Monday as hopes of finding more survivors after China's worst mining disaster in two years took a blow with the death toll rising to 104. Rescuers recovered 12 more bodies, a spokesman for the mine in ...

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