Chevron Names Michael Wirth CEO
On Thursday, Chevron Corp. (NYSE:$CVX) named Michael Wirth as its new CEO. This move suggests that Chevron is trying to cope with a prolonged period of lower oil prices by hiring an engineer who has …
Chesapeake Energy Sustains Uptrend, Rides Crude Oil Momentum
In the week ending on September 22, Chesapeake Energy (NASDAQ:$CHK) saw a 5.5% increase in stock, sustaining its upward trend. But, in the bigger picture, Chesapeake Energy stock has fallen 39% since the beginning of …
Gazprom and Mitsui Strike LNG Cooperation Agreement
Russia’s largest natural gas production company, Gazprom (NASDAQ:$OGZPY) and Japanese trading firm Mitsui & CO (NASDAQ:$MITSY) have officially signed an LNG (liquefied natural gas) cooperation agreement on Thursday morning.
Gazprom stated: “The document …
How Much of The Strategic Petroleum Reserve Oil Release Is Actually Ours?
In the wake of Hurricane Harvey, U.S. Energy Secretary Rick Perry authorized an emergency release of oil from the nation’s Strategic Petroleum Research on Thursday, in an effort to mitigate gasoline shortages.
But …
The Wrath of Hurricane Harvey on OPEC
While the sky clears over Houston, OPEC continues, and will for the foreseeable future, to suffer the persistent remaining damage of Hurricane Harvey. A point of reference? Harvey knocked over the largest refinery in the …
Hurricane Harvey Wreaks Destruction on Chesapeake
Since shale drilling took off around a decade ago, Hurricane Harvey is the largest tropical storm to disrupt the sector. In fact, energy shares are set for the worse month the market has seen since …
Company Behind Dakota Access Pipeline Files Lawsuit Against Greenpeace and Other Environmental Activism Groups, Claims RICO Act Was Violated
Energy Transfer Partners LP (NYSE:$ETP), which owns about 38.2% of the Dakota Access Pipeline, is filing a lawsuit against Greenpeace and other similar environmental activism groups. The Dakota Access Pipeline garnered global attention when Native …