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Finance News
The most recent oil and gas industry financial headlines.
Anadarko Swings to 4Q Loss amid Deepwater Horizon Charges
Monday, February 06, 2012 - Anadarko Petroleum Corp. swung to a fourth-quarter loss on Deepwater Horizon disaster-related settlement charges and asset write-downs.
Demand Varies by Region
Monday, February 06, 2012 - Brent and WTI crude traded in opposite direction, both likely a function of supply expectations for their respective regions.
Newfield Exploration Updates GOM-Stake Sale
Monday, February 06, 2012 - Newfield Exploration Company provided an update on its ongoing sale of non-strategic assets.
Rosneft Touts $12.45B in 2011 Net Income
Friday, February 03, 2012 - "In 2011 Rosneft progressed to a new stage in its development and produced record volumes of oil. The Company's profit figures also reached an absolute historical high," said Eduard Khudainatov.
Positive Jobs Numbers - Boon for Energy
Friday, February 03, 2012 - The Labor Department's reports that US unemployment rate dropped to 8.3% and that jobs increased by 243,000 in Jan. was bullish for the energy complex.
Oilsands Quest to Sell Eagles Nest Asset
Friday, February 03, 2012 - Oilsands Quest has entered into a purchase and sale agreement with an unrelated third-party entity to sell its non-core Eagles Nest asset.
The New Norm: A Wider Spread between Brent, WTI
Thursday, February 02, 2012 - Just this week the Brent/WTI spread has widened from just under $12 on Monday to at one point Thursday around $16 per barrel.
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