Finance & Investing Home
The most recent oil and gas industry financial headlines.
Pacific Oil Company Submits Bid for 67 Oil Wells in Canada
Tuesday, March 11, 2014 - Pacific Oil Company announce that it has submitted a formal bid to Grant Thorton LLC Trustee for the acquisition of 67 oil wells.
Argentina's YPF Says 2013 Profit Was $779 million
Friday, March 07, 2014 - YPF says its net profit for full-year 2013 was $779 million, an increase of 45.6% over the previous year.
Anadarko Petroleum Raises 2014 Capex Budget By 8%
Tuesday, March 04, 2014 - Anadarko raises its 2014 capital budget by nearly 8% and says it would spend about 60% of the total on drilling more oil wells onshore in North America.
Chesapeake Swings To Quarterly Loss On Charges
Wednesday, February 26, 2014 - Chesapeake swings to a quarterly net loss, hurt by charges related to its efforts to reduce debt and simplify its balance sheet.
Transocean Profit Slides On Lower Rig Demand
Wednesday, February 26, 2014 - Transocean says that 4Q profit fell 49% from a year ago, hurt by lower rig utilization.
Whiting Petroleum Posts 4Q Loss As Costs Spike, Sees Output Rising
Wednesday, February 26, 2014 - Whiting posts a quarterly loss as the company's exploration, production and interest costs spiked, but met Wall Street expectations.
Brazil's Petrobras Cuts Spending As Quarterly Profit Falls 19%
Tuesday, February 25, 2014 - Petrobras moved to check years of missed targets, soaring costs and rising debt by scaling back near-term investments and setting a limit on long-term growth.
Light Crude Oil