Justice Department Set to Block Oil Merger

The U.S. Justice Department is preparing to the stop the merger of Halliburton Co. and Baker Hughes Inc., according to the Wall Street Journal. The nearly $35 billion deal was struck to merge to the world’s second and third largest oil commodities. The impeding lawsuit would be the largest opposition the deal has faced since […]

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Oil Closes Near $38 After Taking Hit

U.S. crude prices fell since this morning, despite briefly rising due to a weaker dollar. Oil prices have steadily increased since Tuesday afternoon, just after Federal Reserve Chairman Janet Yellen announced a careful approach to raising interest rates. Historically, a weaker dollar inflates oil prices, since crude is priced in dollars. U.S. crude ended the […]

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Judge Approves $5.15 Billion Anadarko Environmental Settlement

Fuel Fix A federal judge has approved Anadarko Petroleum Corp.’s $5.15 billion settlementover accusations that a subsidiary ducked environmental liabilities in a spin-off of one of its companies. According to the Wall Street Journal, Manhattan federal Judge Katherine B. Forrest decided on Monday that the settlement deal could go through after Anadarko agreed to the […]

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Oil & Gas Technology Of The Future Is Here

By. James Burgess of Oilprice.com LONDON, ENGLAND / ACCESSWIRE / November 6, 2014 / Oil and gas technology of the future is here, and it’s claimed to be safer and more economical than fracking. As oil prices slump and fracking remains under constant activist scrutiny, a new breakthrough technology promises a safe solution for making […]

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EOG Resources Posts Higher Profit and Revenue

Wall Street Journal By Josh Beckerman EOG Resources Inc. ’s third-quarter earnings more than doubled as the natural-gas and oil producer benefited from higher production. After an “excellent” quarter that included a 17% increase in total production, EOG increased its full-year production growth target to 16.5% from 14% as well productivity improves. EOG said its […]

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Chesapeake Energy Profit Surges On Natural Gas Strength

Wall Street Journal By Chelsey Dulaney Chesapeake Energy Corp. said its third-quarter profit more than tripled as the company posted sharply higher revenue in its natural gas and oil segment and increased production. Results easily topped Wall Street expectations. Chesapeake has struggled to recover from years of aggressive spending as the land-grab approach the company […]

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Natural Gas Soars On Fears of a Polar Redux

Wall Street Journal By Tim Puko A repeat of last year’s snowy, Arctic-cold winter is looking a little more likely today. Natural gas traders, still scarred by the memory, are bunkering in. Buyers have been rushing into the gas market for a week on fears of a sequel to last winter’s Polar Vortex, which walloped the […]

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