Energy

Fueling Success: 3Point Oil and Gas Company Acquiring Long-Life, Stable Production

While others chase after quick profits and engage in the perilous and risky proposition of promoting and wildcatting, there are others who rely on acquiring steady production through acquisitions. One such company is 3Point Oil & Gas Company. For its Chairman, CEO, and longtime oil and gas man Wes Welch, the business model of acquiring long-life, stable production has served his companies well through the years.


Top US Natural Gas Producer Chesapeake Energy Starts Laying Off Employees After Its Divestment of Eagle Ford Assets

Chesapeake Energy, a leading natural gas producer in the United States, has started laying off employees this week...

Germany’s Deutsche Bank, Commerzbank Assets Seized by Russian Court Over Gas Facility Contsruction Dispute

Two German banks in Russia had their assets seized by the court over a Baltic Sea gas project construction issue...

Gas Prices Are Predicted to Increase This Summer, With an Average of $3.70 per Gallon

Gas prices are expected to rise by about $0.10 per gallon this summer due to decreased refinery capacity and higher refining costs, with the average price projected to be around $3.70 per gallon...


Latest News

George Osborne's £1bln budget boost for North Sea
Chancellor George Osborne has announced a £1-billion rescue package for trouble-hit North Sea oil industry. The government is also extending £730 million support for renewable electricity.
Pacific Exploration Corp explores 6 buyout offers
Pacific Exploration & Production Corp is actively examining six buyout offers. The Canada-listed company is in the process of avoiding bankruptcy. The company's board is likely to take its final decis
Solar Power, South Africa's Answer to Energy Crisis
South Africa's energy crisis will now be answered by the launching of the largest solar farm built in Northen Cape. It could generate power that could supply electricity from renewable energy to 75,0
Moody's cuts Houston's $3-bln debt to Aa3 after oil price drop
Citing drop in revenues, Moody's Investors Service has lowered Houston's $3 billion of general obligation debt by one level to Aa4. Lower oil prices and restrictions on raising taxes are keeping furth
Ivanpah Solar Plant possible shutdown; The $2.2 bln power plant in Mojave performs lower than expected
Federally backed $2.2 billion solar plant in California may be forced to close. The solar plant failed to supply electricity to Pacific Gas and Electric Co as promised.
EDF Demand Help from French Government in Nuclear Power Plant Project
French energy company Electricité de France SA asked for financial support from French government. The company is facing problem in a £18 billion ($25 billion) nuclear power plant project in Sommerset
Energy stocks hurt by oil price slump
Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.
Despite Plunging Shares, SolarCity Corp Raised Money in Bond Market
Solar panel provider SolarCity has sold $235 million in asset-backed securities (ABS) market this year. The number is a record high despite a steep drop of the company's shares in stock market.
Oil prices retreat as Iran refuses to freeze output
Oil prices might have propelled above $40 a barrel level in the past week as Iran was expected to join other producers to freeze its oil output. However, Iran wants to help its ailing economy, regardl
US oil, natural gas drilling dropped lowest since 1940
The US drilling activity for oil and natural gas declined to record low since 1940 in the wake of weaker oil prices in the global markets. Oil firms are also reducing their spending budgets this year
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