Latest on Oil

Oil prices ticked higher, recovering some of Tuesday's losses suffered in the last few hours of volatile trading after the New Year holiday.

Gas Producers Fall Even as Gas Prices Rise

The new year started off terribly for one of 2016's best-performing commodities, reinforcing fears that have lingered over the market for months.

Encana Boosts Forecasts, Citing Lower Costs and Increased Volumes

Energy producer Encana Corp. said Wednesday that results in 2017 will exceed its forecast released just a few months ago as the company continues to cut costs and boost volumes.

Exxon Mobil Cashes Out Ex-CEO Tillerson Ahead of Confirmation Hearings

Exxon Mobil has awarded former Chief Executive Rex Tillerson a $180 million retirement package as the company movesto break financial ties with President-elect Donald Trump's nominee for secretary of state.

Shell Seeks to Streamline in 2017

Shell helped sell investors on its $50 billion acquisition of BG Group by promising to unload $30 billion in assets. Executing these asset sales has become crucial for retaining shareholder confidence and reducing the company's mountain of debt.

Tesla Narrowly Misses 80,000-Vehicle Sales Goal in 2016

Tesla's fourth-quarter sales rose 27%-but not enough for the Silicon Valley auto maker to reach its goal of delivering at least 80,000 vehicles in 2016.

Faraday Future Faces Crucial Test With New Electric Car

The startup is revealing an all-electric car at CES that it says will be ready for production and will cast aside doubts about its future.

Statoil Plans 30% Increase in Exploration Drilling This Year

Norway's Statoil plans a 30% increase in exploration drilling activity this year, as efficiency gains and lower market costs allow its investment budget to stretch further than previous expected.

KKR to Buy SM Energy's South Texas Assets for $800 Million

SM Energy said it reached an agreement with a subsidiary of Venado Oil and Gas, LLC, an affiliate of KKR & Co., to sell the company's third party operated assets in the Eagle Ford drilling region in south Texas for $800 million.

Natural-Gas Producer EQT Corp. Is Urged to Pursue Merger With Rivals

An investor is urging natural-gas producer EQT Corp. to pursue a merger with rivals Antero Resources Corp. or Range Resources Corp. to create a stronger player in the shale regions of the northeast U.S.

Samson Resources Close to a Deal

Samson Resources has given junior creditors until Friday to stand down from a bankruptcy-court confrontation over the oil-and-gas company's future.

(END) Dow Jones Newswires

January 04, 2017 11:15 ET (16:15 GMT)

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