Edition:
United States

Swetha Gopinath

Big Oil turns to big data to save big money on drilling

Jun 23 2017

In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.

U.S. shale firms more exposed to falling oil prices as hedges expire

Jun 13 2017

Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to curb global supply.

U.S. shale firms more exposed to falling oil prices as hedges expire

Jun 13 2017

Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to curb global supply.

Pembina buys Veresen for $7.1 billion as pipeline sector consolidates

May 01 2017

Pembina Pipeline Corp will buy smaller rival Veresen Inc in a C$9.7 billion ($7.10 billion) stock-and-cash deal, the expanding Canadian company said on Monday, the latest deal in a sector that has been consolidating in the face of low commodity prices and high costs.

Dow Chemical eyes consumer markets as it readies for DuPont merger

Apr 27 2017

Dow Chemical Co forecast better-than-expected revenue for the current quarter and said it would expand four key consumer businesses, which will be part of a new firm created after its proposed merger with DuPont.

Dow Chemical eyes consumer markets as it readies for DuPont merger

Apr 27 2017

Dow Chemical Co forecast better-than-expected revenue for the current quarter and said it would expand four key consumer businesses, which will be part of a new firm created after its proposed merger with DuPont .

Potash Corp raises outlook, notches higher profit as sales climb

Apr 27 2017

Canada's Potash Corp of Saskatchewan reported a bigger-than-expected rise in quarterly profit on Thursday and raised its full-year outlook, citing lower costs and increased sales volumes.

DuPont profit beats on strong seed demand

Apr 25 2017

Chemicals and seeds producer DuPont , which is merging with Dow Chemical Co , reported a better-than-expected profit for the seventh straight quarter, helped by a rise in seed sales, sending its share up 3.5 percent.

Halliburton gains from rising oil well completions in North America

Apr 24 2017

Halliburton Co said on Monday that oil producers are completing nearly as many wells as they are drilling, a major reversal from when companies left wells unfinished in anticipation of higher oil prices.

Schlumberger expects reactivation costs to squeeze margins

Apr 21 2017

Schlumberger NV warned on Friday that margins would remain under pressure as the oilfield services provider spends more to bring back idled equipment to meet rising demand from North American shale producers after a two-year lull.

World News

Trump briefed on Khashoggi murder by CIA, Pompeo

U.S. President Donald Trump, while flying to California on Saturday, was briefed on the murder of Saudi journalist Jamal Khashoggi after a CIA assessment that Saudi Crown Prince Mohammed bin Salman ordered the killing, the White House said.