PDVSA Offers Citgo Backing to Sweeten $7 Billion Bond Swap
Company wants to exchange bonds due in 2017 for 2020 debt PDVSA to offer new bonds at 1:1 ratio to old until Sept. 29 Venezuela’s state-owned oil company says it Continue Reading
N.Y. Probes Exxon’s Valuation of Oil Reserves
A.G. investigating whether Exxon hid risks of climate change Schneiderman focuses on period during global price collapse New York Attorney General Eric Schneiderman’s probe into Exxon Mobil Corp. includes scrutiny Continue Reading
Elon Musk Wanted a Race. Now He Has One
Two hundred thirty-eight. Not so long ago that number would have been unthinkable. When Tesla Motors Inc. rolled out its first electric car, the 2008 Roadster, it boasted what was Continue Reading
Pipeline shutdown in Alabama could send gas prices higher
Motorists in parts of the country could pay a little more for gasoline in coming days because of the shutdown of a leaking pipeline in Alabama. Experts say that any Continue Reading
Three new oil sands projects approved in Alberta
Three new oil developments in the Fort McMurray area could add up to 95,000 barrels of oil per day to current output, Alberta’s government said. The provincial government approved three Continue Reading
North Dakota Crude Oil Production Stabilizes in July
North Dakota oil production rose slightly in July, stabilizing after a drop in the previous month to more than two-year lows, according to the latest data from the state’s Department Continue Reading
Bakken July Production Data
North Dakota has just come out with their oil production numbers for July 2016. Bakken production was up by 3,046 barrels per day while all North Dakota production was up Continue Reading
Exxon probe faces uphill climb amid ambiguous accounting rules
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, New York, U.S. December 30, 2015. New Continue Reading
No-Name Gasoline No Longer a Bargain After Supply Dries Up
Unbranded prices soar over name brands in southeastern U.S. Safety agency corrective order issued on major gas pipeline Loyalty to your local mom-and-pop gas station may come at a price. Continue Reading
When Should a Company Write Down Assets
New York Attorney General Eric Schneiderman is investigating why Exxon Mobil Corp. hasn’t written down… New York Attorney General Eric Schneiderman is investigating why the oil giant hasn’t written down Continue Reading