New and Existing Shell $aver Card Holders Can Now Save Even More!

Now, all motorists can save even more on fuel with two Shell $aver Card(SM) offers. New cardholders will be rewarded for activating now with savings of 10 cents per gallon through April 30, 2011. Meanwhile, all cardholders will have a chance to save 22 cents per gallon throughout the year as part of a special racing promotion — “WINsdays... 

Exxon profit up, tops Street on taxes and output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the U.S. government expects another 1.5 percent gain this year as businesses’ and consumers’ appetite for fuels like diesel... 

Wall Street set to open higher on earnings, M&A

U.S. stocks were set for a higher open on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East. Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which would create the second largest... 

Chevron profit climbs, but reserves data weigh

Chevron Corp’s 72 percent rise in quarterly profit easily beat Wall Street forecasts, but anemic growth in its oil reserves disappointed investors and its shares fell 1.5 percent. Like smaller rivals ConocoPhillips and Occidental Petroleum Corp, earnings at the second-largest U.S. oil company were lifted by the strength of oil prices. But Chevron... 

Kirby Corporation Announces 2010 Fourth Quarter and Year Results

Kirby Corporation today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2010 of $31.6 million, or $.59 per share, compared with $29.2 million, or $.54 per share, for the 2009 fourth quarter. The 2009 fourth quarter results included a $4.8 million before taxes, or $.05 per share, charge for shore staff reductions,... 

Global Oil and Gas Upstream M&A 2010 Review

Record $211 billion in deals announced in 2010; Study sees another strong year in 2011 with more than $90 billion of properties on the market. PLS Inc., with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports global upstream oil and gas M&A activity for 2010 reached a record $211 billion. That volume... 

Range’s Proved Reserves Increase 42%

RANGE RESOURCES CORPORATION announced today that its proved reserves as of December 31, 2010 increased 42% to 4.4 Tcfe. From all sources, Range replaced 931% of production in 2010 with 840% reserve replacement occurring through the drill bit and positive performance revisions. Finding and development costs from all sources, including acquisitions,... 

Western Refining Wholesale Turns to KSS Fuels for Pricing Intelligence Solution to Maintain Competitive Edge

Western Refining Wholesale, a division of Western Refining Inc., an independent refining and marketing company headquartered in El Paso, Texas, will use KSS Fuels’ RackPrice wholesale pricing solution to help it manage fuel prices at its wholesale locations. Western Refining is a crude oil refiner, wholesale fuel and lubricants distributor and retailer... 

SteelPath Fund Advisors Announces Annual Update Call for SteelPath MLP Funds

SteelPath Fund Advisors announced today a update call for institutional investors regarding the SteelPath MLP Alpha Fund the SteelPath MLP Income Fund , and the SteelPath MLP Select 40 Fund The Funds’ portfolio managers will review the market and fund performance for the year 2010. The call will be held on Thursday, January 27, 2011 at 3:30 p.m.... 

Iran joins Venezuela, Libya to say no harm in $100 oil

OPEC’s leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near $100 a barrel. Iranian Oil Minister Massoud Mirkazemi said some members of the Organization of the Petroleum Exporting Countries saw no need for producers to act even if...