Two proposed pipeline projects will have to wait longer for a verdict from the Canadian government and will have to submit to carbon-emissions testing to gain approval as part of Continue Reading
While airlines are in no rush to pass on fuel savings to passengers brought by the collapse in oil prices, the Houston travel market has left them little choice. Airlines Continue Reading
Hess Corp. deepened its loss in its fourth quarter amid big drops in energy prices. The company, however, reaffirmed its 2016 production forecast, predicting 330,000 to 350,000 barrels of oil Continue Reading
Though oil production continues to withstand weaker prices, the environment in the Texas oil and gas sector is in decline, an economist said. “We’ve not begun the year moving in Continue Reading
U.S. shale player Continental Resources said weakness in the energy sector will manifest itself in a slow decline in overall production through 2016. Continental said in a statement laying out Continue Reading
A day after announcing a cut in spending, Hess Corp. said it took a net loss of $396 million for the fourth quarter against $53 million in income year-on-year. Most Continue Reading
The Federal Reserve headquarters in Washington September 16 2015. The Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, but Continue Reading
Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia’s pipeline monopoly said on Wednesday, Continue Reading
The Scottish government said it would call on its British counterparts to create a favorable climate for North Sea investments in exploration and production. “There is no doubt the industry Continue Reading
Oil prices slid on Wednesday, ahead of key data expected to show another increase in U.S. crude stockpiles that would add to the already oversupplied global market. The American Petroleum Continue Reading
