By Steve Gelsi Petroleum and natural gas shares rose after a mixed weekly inventory report, but shares of oil drillers fell back on Wednesday...
The Brazilian unit of independent oil major Devon Energy (DVN) notified regulators that it had found traces of gas in an offshore block of the...
Anadarko Petroleum Corp. (APC) said Tuesday that it expects to cut costs and limit acquisitions to boost shareholder value and cope with the...
Big Oil once again pushed U.S. lawmakers to open up the Outer Continental Shelf to oil and gas development, arguing Wednesday that resource...
Canada's Husky Energy Inc. (HSE.T) Monday said it would soon begin developing the Liwan field in the South China Sea after an appraisal well...
Natural-gas futures paused just above $4 a million British thermal units Thursday after dropping to a fresh six-year low, but that support looks...
Sector leaders in the U.S. natural-gas-production business are wrapping up their bleakest winter in years, and prospects are clouded by...
By Steve Gelsi Shares of petroleum producers led mild advances in the energy sector on Friday, as investors weighed bigger gains in the broad...
EOG Resources Inc. (EOG) plans to curtail drilling activity and production growth in 2009, based on the projected weakness of oil and gas prices...
Devon Energy Corp. (DVN) will dial down drilling activity in 2009 and focus on long-term projects in anticipation of rebounding energy prices, its...
By Steve Gelsi Energy stocks rose along with crude prices Wednesday as a greater-than-expected increase in weekly petroleum inventories enforced...
Devon Energy Corp. (DVN) plans to reduce its capital spending by more than 50% in 2009 and plans to keep production relatively flat during the...
Brazilian state-run energy giant Petroleo Brasileiro (PBR) resumed drilling Wednesday in a key subsalt exploration block in the promising Santos...
(Updates with analyst comment, additional company comments and background on the natural-gas market.) By Mark Long and Jason Womack Of DOW JONES...
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