With the price of natural gas at its lowest point in two years, natural gas-producing companies are trying to raise enough capital to keep afloat, and the second-largest among them is no exception.
Chesapeake Energy Corp, the second largest natural gas producer in the US, said on Monday that it has finalized three deals to sell its assets, which will raise $2.6 billion, as it faces cash crunch and a rising debt.
Iraq is facing a serious crisis, Kurdistan's leader Massoud Barzani said during a recent visit in Washington -- and his semiautonomous region's ambitions in the oil-and-gas business aren't going to help defuse potentially explosive ethnic tensions.
The Kurdistan Regional Government announced Friday that the Exxon Mobil Corp. (NYSE: XOM) told its president this week the oil-and-gas major is committed to a controversial exploration contract that has angered officials of Iraq's national government.
Historically, the CEO of a corporate sponsor of the tournament, which began Thursday in Georgia, congratulates the Masters winner. But Augusta National has been a men-only club since its 1933 founding.
A day after Iraq's oil minister announced Exxon Mobil (NYSE: XOM) confirmed it was freezing a controversial exploration deal in Kurdistan, the autonomous region's natural resource minister said Baghdad is lying.
Exxon Mobil (NYSE:XOM) has confirmed its intention to freeze a controversial deal with the Kurdish government. That may lead Baghdad to let the U.S. company compete again for exploration contracts.
ExxonMobil (NYSE: XOM), the largest U.S. and global producer of oil has been dethroned from its top spot.
The American Petroleum Institute, the country's largest oil industry backed trade group, slammed the U.S. Senate as it readies to vote to eliminate tax breaks for oil companies.
The U.S. Senate is scheduled to vote Monday on whether or not to do away with tax breaks for the largest oil and natural gas companies.
Alaska could soon have a pipeline linking the state's liquefied natural gas to Asian markets, according to a published report.
Apple (Nasdaq: AAPL) closed above $600 a share for the first time after announcing a $10 billion share buyback with plans for a $2.65 share dividend later this year.
The U.S. Bureau of Ocean Energy Management Monday called for public comment on plans to extend oil and natural gas exploration in the Gulf of Mexico.
With Apple issuing a statement that it will make an announcement Monday regarding the discussions about its cash balance, there is high expectation that this time it will pay a dividend.
After months of speculation and suggested threats against Exxon Mobil Corp., Iraqi officials announced Friday that the largest U.S. oil and gas company has frozen its deal with Kurdistan. Exxon Mobil declined to comment.
Venezuela's state-run oil company will terminate all ventures with Exxon Mobil (NYSE: XOM), the biggest U.S. oil company, when arbitration proceedings conclude, Oil Minister Rafael Ramirez said.
Iraqi and Exxon Mobil (NYSE: XOM) officials finished contract negotiations, determining the No. 1 U.S. oil company will be paid in crude oil for the development of the country's large Qurna-1 oil field.
U.S. oil and natural gas giant Exxon Mobil has days to explain its recent exploration deals the company struck in Kurdistan back in November.
The world's most valuable company has turned into a bit of a casino stock.
Vladimir Putin declared victory in Sunday's election, but it remains to be seen how much power he'll wield over his country's vast stockpiles of oil and natural gas when he returns to the presidency in May.
Apple saw its stock market value close above $500 billion on Wednesday to become the most valuable company in the world at present.
The Supreme Court will weigh next week whether corporations can be sued in the United States for suspected complicity in human rights abuses abroad, in a case being closely watched by businesses concerned about long and costly litigation.