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Tag Archives: Oil and gas companies

Governor joins lawsuits against oil and gas companies

NEW ORLEANS (AP) — The Edwards administration has joined the state attorney general in getting involved in lawsuits filed against oil and gas activities over damage to coastal wetlands. On Thursday, Gov. John Bel Edwards said the Louisiana Department of Natural Resources is seeking to intervene in lawsuits filed by Plaquemines, Jefferson, and Cameron parishes against oil and gas companies. ...

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Strong company earnings, oil recovery send stocks higher

FILE - In this Tuesday, Sept. 8, 2015, file photo, a Wall Street street sign is framed by a giant American flag hanging on the facade of the New York Stock Exchange. Global stock markets were having another lackluster day Wednesday, Feb. 3, 2016, amid ongoing worries over the state of the world economy, which has piled the pressure on oil prices in particular. (AP Photo/Mary Altaffer, File)

NEW YORK — Stocks are gaining ground in early trading as investors were encouraged by some strong company earnings reports and a pickup in the price of crude oil. Comcast jumped 3 percent after reporting its best year for traditional cable TV services in almost a decade. Electrical systems manufacturer Eaton Corp. surged 4 percent after reporting earnings that came ...

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Low oil prices force 2 Oklahoma companies to cut jobs

SKIATOOK, Okla. — Two oil and gas companies are cutting jobs in Oklahoma due to a decline in oil and natural gas prices. According to reports, Ohio-based Worthington Industries cut 40 jobs at its Skiatook plant Tuesday, and Samson Resource Co. confirmed Thursday that it is laying off 196 employees from its Tulsa headquarters. The Skiatook plant, which manufactures horizontal ...

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Less drilling, more dealing

For an oil and gas company belonging to a very narrow stripe of the industry that’s well capitalized, long-term oriented and opportunistic, this might be a good time to make a deal. Some industry experts predict 2015 may turn out to be a year of less drilling and more dealing, as low oil and natural gas prices force some companies ...

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