Petrobras announces the discovery of a hydrocarbon accumulation in deep waters of the Espirito Santo Basin.

French oil giant Total SA has named Patrick Pouyanne as chief executive to replace Christophe de Margerie, who was killed earlier this week in a plane crash in Moscow. Barely 36 hours after de Margerie's death, Total's board chose Pouyanne, 51, at a board meeting Wednesday.

Open Text Corp. said Wednesday that first-quarter profits more than doubled as its corporate software business experienced particular strength in the services and technology industries, as well as the public sector. The Waterloo, Ont.,-based company, which reports in U.S. dollars, said that net income rose to US$64.7 million, or 53 cents per diluted share, compared with $30.6 million or 26 cents per share a year ago.

MBAC Fertilizer Corp. . Agriculture. Up 7.5 cents, or 115.38 per cent, to 14 cents on 12.1 million shares.

In most conversations about energy, the topic of Big Oil versus renewables usually becomes a zero-sum game. Renewable advocates accuse Big Oil of conspiring to shut out wind, solar, and other alternate energy sources in the pursuit of greater profits driven by fossil fuels.

Inside BP's Upstream Learning Center

Published - Oct 25, 2014

Rigzone takes a look around BP's new Upstream Learning Center in Sunbury near London.

A unit of Chesapeake Energy on Friday filed regulatory papers to cancel its $862.6 million public offering -- because it had already made its Wall Street debut under another name.

CNBCOil drop another issue for the stock marketCNBCWhile much of the focus on the stock market's drop concerns the incident in Canada, another development is also weighing on stocks: oil has renewed its decline, which was a part of the market's drop last week. The catalyst today occurred at 10:30 AM ET ...

ForbesSaudis Vs Oil Markets: Who's Playing Whom?ForbesOil prices have fallen by over 20% in the last couple of months. Brent is currently trading $30 below its summer spike to $115 per barrel and many are left wondering what the Saudis are playing at. Based on conventional wisdom, past moves and motives, ...Cheaper oilOil Prices Rebound From 27-Month LowSaudi Arabia's Risky Oil-Price Play - -

Dallas-based Eagle Materials is acquiring CRS Proppants LLC and its subsidiaries, part of the company’s move further into the energy business. The $225 million purchase will roughly double Eagle Materials’ frac sand production and expand its reserves of the material. It already operates in the Eagle Ford Shale in South Texas but plans to expand to […]

The international chemical giant continued to capitalize on cheap raw materials cost while taking advantage of a tight U.S. market for ethylene.

Falling oil prices and declining production drove the loss, executives told investors on a Friday conference call.