Energy & Resources articles

Tesla Motor (TSLA)

Tesla Motors Inc (TSLA) To Collaborate With Bayerische Motoren Werke AG (BMW) Over Parts and Standardized Battery Technology

Tesla Motors Inc (TSLA) To Collaborate With Bayerische Motoren Werke AG (BMW) Over Parts and Standardized Battery Technology

Tesla Motors Inc (NASDAQ:TSLA) has announced it is in discussions with German automaker Bayerische Motoren Werke AG (ETR:BMW) for possible collaboration regarding car parts and batteries. An earlier report by Reuters, citing an interview of Tesla CEO Elon Musk with Der Spiegel, a German weekly, related that alliance is being sought in areas of lightweight


SolarCity Corp (SCTY) and Wal-Mart Stores, Inc. (WMT) Continues Solar Power Deal

SolarCity Corp (NASDAQ:SCTY) has announced a new agreement with Wal-Mart Stores, Inc. (NYSE:WMT), in which the solar energy company based in San Mateo, California, will again provide Wal-Mart Stores with solar power.  The new deal will see SolarCity installing Wal-Mart Stores with solar power for a period of 4 years, covering stores in approximately 36

J.P. Morgan (JPM)

JPMorgan Chase & Co. (JPM) Settles Shale-Rights Lawsuit

JPMorgan Chase & Co. (NYSE:JPM) has successfully settled a shale-rights lawsuit filed by owners of mineral-rights in Texas. In a charge made against the bank, beneficiaries of South Texas Syndicate Trust claimed that JPMorgan Chase & Co. (NYSE:JPM) sought to cheat them out of a compensation amounting to $681 million by entering into favorable deals with

Transocean LTD (RIG)

Transocean LTD (RIG) Takes Dual Hit With Low Crude Oil Prices And $2.8 Billion In Charges Write-Off In Third-Quarter 2014

It was a depressing quarterly result announcement for Transocean LTD (NYSE:RIG) considering the $2.76 billion impairment charges towards the 2010 Deepwater Horizon explosion. The oil company reported net loss of $2.217 billion attributable to controlling interest during the quarter. Transocean LTD (NYSE:RIG) reported its third quarter 2014 financial results with net revenues of $2.270 billion

Statoil logo

Statoil ASA (ADR)(STO) Sells Its Shah Deniz Stake to Petronas Dagangan Berhad (PETDAG) for $2.25 Billion

Statoil ASA (ADR)(NYSE:STO) has exited the Shah Deniz gas project by selling its remaining 15.5% stake to Petronas Dagangan Berhad (KLSE:PETDAG). The Norwegian company will pack off the Azerbaijan project in a wider scheme to up shareholders’ returns. The latest move comes after the company sold 10% of its stake. Statoil ASA (ADR)(NYSE:STO) is following

Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC), Exxon Mobil Corporation (XOM), Johnson & Johnson (JNJ): Top Stock Holdings of Woodstock Corp

Woodstock Corp has a current portfolio value of $519 million with Anadarko Petroleum Corporation (NYSE:APC), Exxon Mobil Corporation (NYSE:XOM), Johnson & Johnson (NYSE:JNJ) being its top three stock holdings, as per its recent SEC 13F filing on October 6, 2014. Woodstock Corp was founded in 1929 in Boston, Massachusetts and its top 10 stock holdings


Exxon Mobil Corporation (XOM) Bags $1.6 Billion Settlement Claim Against Venezuela Government

It was an excellent week for the petroleum giant Exxon Mobil Corporation (NYSE:XOM), as it won $1.6 billion in settlement claims against the Venezuela Government for seizing its assets back in 2007. ICSID, International Centre for Settlement of Investment Disputes, announced its judgement in favor of the company for its investment in the Cerro Negro

Alcoa (AA)

Alcoa Inc (AA) Achieved Strong Quarter Results By Repositioning Its Portfolio, Says CEO Klaus Kleinfeld

Alcoa Inc (NYSE:AA) stunned the market with third quarter 2014 earnings surpassing the market estimates primarily because of lower operating costs and higher aluminum prices. The positive result from Aluminum Company is one of the first from S&P 500 companies to announce its quarterly results and hint towards the improvement of the U.S economy. CEO and

Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) Is To Evacuating Its Management Staff From Russia Because Of Growing Tension Between Russia And The West Compels

Schlumberger Limited. (NYSE:SLB) is removing its employees from Russia in response to the growing bad relations between Russia and the West. The company is said to be withdrawing its employees who are U.S. and European citizens. The company is the world’s biggest oilfield services provider and it has been in Russia over oil production projects.