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Energy

U.S. Intelligence Uncertain On Iranian Atomic Bomb Plans

Recent sources confirm U.S. intelligence is unsure whether Iran’s nuclear advancements are striving towards making a nuclear bomb.

Talks Failed As IAEA Couldn't Negotiate With Iran

The negotiation talks failed between Iran and IAEA, after the former didn’t grant permission to the UN team for visiting “suspicious” nuclear site Parchin.

Japan Uncertain Over Cutting Iranian Oil Imports

The latest reports confirm that Japan hasn't reached any accord with the U.S. on crude import cuts from Iran. Japan’s move to reduce oil import from the Islamic Republic is directed towards gaining immunity from the latest U.S. sanctions.

Iran Halts crude oil supply to France and Britain

Tension between Iran and western countries has intensified after the former stopped crude oil supply to France and Britain against the tightened EU sanctions.

BP asks Halliburton to pay for oil spill damages

Oil giant BP has asked Halliburton to pay for the damages that occurred from oil spill in the Gulf of Mexico.

Chevron Q3 profit more than doubles

Thanks to the rising crude prices and sale of a refinery, Chevron Corporation (NYSE:CVX) third quarter profit more than doubled this year, even as company’s production failed to meet expectations.

Anadarko to pay BP $4bn to settle oil spill claims

Anadarko Petroleum Corporation (NYSE: APC) is set to pay BP PLC (NYSE: BP) $4 billion under an agreement struck between the two to settle all claims among them relating to last year's Gulf of Mexico oil spill.

Calpine to announce Q3 result on Oct. 28

Calpine Corporation, a U.S. power company will be declaring its third quarter 2011 financial results on Friday, Oct. 28, 2011, the company announced Thursday.

The results will be presented during the investor call at 10:00 a.m. Eastern Time.

Fluor, GE Hitachi Nuclear Energy collaborate for nuclear projects in Poland

Fluor Corporation has inked deal with GE Hitachi Nuclear Energy for nuclear new-build projects in Poland, the company announced Thursday.

Together the two companies are looking forward to serve Polska Grupa Energetyczna's (PGE) upcoming n

HollyFrontier to repurchase $100mn worth of shares

HollyFrontier Corporation, a petroleum refiner and distributor of petroleum products, announced Thursday that its board has approved stock repurchases of up to $100 million.

The refiner will repurchase common stock in the open market or through privately negotiated transact