NYSE Market News

Drilling Rig Fuel Costs Expected to Drop by ~50%; Significant Reduction in CO2, NOx and SOx Emissions Projected Halcón Resources Corporation (NYSE:HK) today announced that it has commissioned its first compressed natural gas facility through its subsidiary, Hawk Clean Fuels. This CNG facility is serving the Company’s operations in its El Halcón area in East […]

++ BREAKING NEWS ++ Geoff Morrell, BP America’s Senior Vice President of U.S. Communications and External Affairs, issued the following statement today in response to the United States Supreme Court’s denial of BP’s request to review the Fifth Circuit decisions relating to the compensation of claims for losses with no apparent connection to the Deepwater […]

Who is the new member of the board? Northrop Grumman Corporation (NYSE:NOC) announced today that its board of directors has elected Kenneth L. Bedingfield, corporate vice president and chief financial officer, effective after the company files its 2014 annual report. Bedingfield will succeed James F. Palmer, who has announced his intention to retire in 2015. […]

++ BREAKING NEWS ++ Midstates Petroleum Company, Inc. (NYSE:MPO)announced today that the buyer in the transaction for the sale of the Company’s DeQuincy area assets in Louisiana has terminated the purchase and sale agreement. The DeQuincy assets continue to produce approximately 1,400 barrels of oil equivalent (70% oil) and generated in excess of $20 million […]

I really did expect to write about something other than oil today, but you know what they say about the best laid plans of mice and men. The mere mention of ExxonMobil (NYSE:XOM) in my article yesterday led me to think a bit more about the issue, especially as XOM makes for a good example […]

I am finding it difficult to stray too far from the subject of oil, post the OPEC conference. It’s absurd to think that the reactions, responses and fallout are going to stop just because the headlines point us to the next big story. The immediate aftermath was highly predictable as investors thought the sky was […]

I warned on 26 November that the fallout from whatever decision OPEC made about maintain their oil production at its current levels would have a significant impact. At the time, I asked the question, “Economics or Evolution?” After further consideration, I think I forgot to begin that last word with an “R.” What’s Really Going […]

Who is the new MD of Hughes-Gibb Willis Group Holdings (NYSE:WSH), the global risk adviser, insurance and reinsurance broker, has “reinforced its position as one of the world’s leading bloodstock insurance brokers” with the appointment today of Sophie Chambers as Managing Director of Hughes-Gibb. Chambers joins Willis from Lycetts, one of the UK’s market leaders […]

Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) today announced a definitive agreement with Princess Cruises, Ltd. to purchase Ocean Princess for its newly acquired Oceania Cruises brand. The 684-passenger ship joins Oceania Cruises’ trio of award-winning sister ships Insignia, Regatta and Nautica. The new addition will be named Sirena. Upon delivery in March 2016, Sirena will […]

Did it go with a bang? Northrop Grumman Corporation (NYSE:NOC) recently supported the successful flight testing of the U.S. Air Force’s Minuteman III intercontinental ballistic missile (ICBM) weapon system. The operational flight test was conducted as part of the Air Force Global Strike Command’s Force Development Evaluation Program. This program demonstrates and supports...