U.S. crude-by-rail shipments dipped nearly 17% in 2015 as domestic crude oil production slowed, according to the Association of American Railroads. Railroads moved 410,249 carloads of U.S. crude last year, Continue Reading
Chesapeake Energy Corp. lost more than $14 billion in 2015, as it wrote down the value of its oil and gas fields amid a protracted downturn in energy prices that Continue Reading
Forced to reckon with a prolonged period of low energy prices, oil chiefs sought to portray themselves as steely survivors in an industry grappling with spending cuts and asset sales Continue Reading
U.S. natural gas company Chesapeake Energy said it would focus on divestments as it trims its spending forecast for 2016 by more than 50 percent. Chesapeake in early February said Continue Reading
Wells Fargo & Co. said soured energy loans soared 49 percent in the last three months of 2015, fueled in part by tumbling oil prices. Oil-and-gas nonaccrual loans, which includes Continue Reading
U.S. crude oil stocks rose to a second consecutive record high last week as refinery utilization fell, while gasoline inventories fell for the first time since November, data from the Continue Reading
For the second time this month, rig company Transocean said one of its clients announced it was canceling a contract for deep-water activity early. Transocean said Esso Exploration Angola Ltd., Continue Reading
« Ford becomes first automaker to join Electronic Industry Citizenship Coalition | Main | Berkeley Lab researchers devise new technique to reduce lignin and increase sugar yields; lowering biomass pretreatment Continue Reading
Oil prices slid further on Wednesday after Saudi Arabia dismissed the possibility of a production cut and traders expected another increase in U.S. oil stockpiles. Brent crude, the global oil Continue Reading
Oil extended declines after oil ministers from Iran and Saudi Arabia signaled they’re unwilling to curtail production. Futures slid as much as 3.2 percent in New York. Saudi Arabia won’t Continue Reading
