NEW YORK — A sharp drop that drove Anadarko Petroleum's to a penny in the last second of trading Friday exposed a vulnerability in trading rules adopted last month to curb sharp stock swings.
NEW YORK — A sharp drop that drove Anadarko Petroleum's to a penny in the last second of trading Friday exposed a vulnerability in trading rules adopted last month to curb sharp stock swings.
NEW YORK — Natural-gas futures surged Friday afternoon, retaking the $4/MMbtu level and erasing a steep day-earlier loss. The price jump came after news that the Obama administration approved a second terminal to export natural gas, a sign that the prospective benefits from exporting energy outweigh concerns about possible negative impacts on the U.S. economy.
SAN FRANCISCO — The Energy Department has approved Freeport LNG Expansion LP and FLNG Liquefaction LCC to export domestic liquefied natural gas to countries without a free trade agreement with the U.S.
HOUSTON — Transocean shareholders voted overwhelmingly to reject a $4 a share dividend proposal by activist investor Carl Icahn but ousted long-time company Chairman Michael Talbert and added one of Mr. Icahn's candidates to the offshore drilling giant's board of directors.
ABUJA, Nigeria — Oando Energy Resources announced results from the successful completion and testing of the Ebendo 5 well. The completion and testing of the Ebendo 5 well, which is expected to contribute an additional 2,500 bopd gross (1,069 bopd net to OER), follows the successful resumption of 3,200 bopd gross (1,368 bopd net to…
HOUSTON — Southwestern Energy announced that it has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus shale in Pennsylvania.