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20 июня, 11:30

Mexico Round 2: 10 Blocks Awarded

Ten of the 15 blocks on offer in Mexico's Round 2 licensing round of Gulf of Mexico shallow water acreage were awarded June 19. Strong competitive bid interest was registered, with two or more bids received on areas 6, 7, and 9-11, with offers there consequently high. However consultancy Wood Mackenzie...

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17 июня, 01:30

Justice Department switches sides in Supreme Court case

The DOJ said Friday that it will switch sides in a Supreme Court case, dropping its previous support for workers to throw its weight behind management.The case, NLRB v. Murphy Oil, addresses whether an employment contract that requires the employee to waive his or her right to bring a class-action lawsuit against the employer violates the National Labor Relations Act.Last year, the Obama DOJ weighed in on the side of the National Labor Relations Board, which had ruled that such arbitration agreements violated federal labor law. Now DOJ will weigh in on the side of Murphy Oil, which argued that they do not.In its new amicus brief , the DOJ argues that “nothing in the NLRA’s legislative history indicates that Congress intended to bar enforcement of arbitration agreements like those at issue here.” The DOJ acknowledged that it previously supported the NLRB’s position, but that “after the change in administration, the office reconsidered the issue and has reached the opposite conclusion.”It is rare for the DOJ to switch positions in a Supreme Court case. The case comes at a time when mandatory arbitration agreements are attracting media attention because of last year's sexual harassment allegations against Fox News. Gretchen Carlson, a former Fox News anchor, sued Fox Chairman and CEO Roger Ailes for sexual harassment, instead of Fox News, to avoid a mandatory arbitration clause in her contract. In that instance, though, the mandatory arbitration clause concerned individual claims against the company, not class actions.

17 июня, 01:04

Trump Administration Sides With Employers Over Workers On Arbitration Agreements

WASHINGTON ― The Trump White House will stand with corporations over workers in a looming Supreme Court battle involving arbitration agreements, according to a copy of an amicus brief obtained by HuffPost on Friday. Arbitration agreements prevent workers from pursuing class-action lawsuits for back wages and other damages from their employers. Before former President Barack Obama left office, his administration had argued that such agreements run afoul of collective bargaining law. But in an unusual move, the Trump administration is undercutting that argument and backing corporations. In the brief, Trump’s acting solicitor general, Jeffrey B. Wall, says his office has “reconsidered the issue and has reached the opposite conclusion” as Obama’s solicitor general in the case, known as Murphy Oil. Celine McNicholas, a labor lawyer at the left-leaning Economic Policy Institute, said what the White House was doing was extremely rare: flipping the government’s official position in an ongoing Supreme Court case. “This was something folks had been fearing,” McNicholas said. “I do think that the decision to switch sides is a real departure from the standard practice.” She added, “It’s incredibly troubling that an administration that ran [a campaign] on leveling the playing field and giving workers rights is going to literally stand with employers and corporate interests.” Arbitration agreements have become widespread and controversial in recent years, since they require workers to waive their rights to sue as a group. Workers have much less power when they have to take on their employers as individuals. Individual cases also are much less attractive to plaintiffs’ lawyers, since the payouts are far smaller. Earlier this year, the Supreme Court put a review of three arbitration cases on its docket.  In Murphy Oil, one of those three cases, the Obama administration had been representing the National Labor Relations Board, which had deemed the arbitration agreements illegal. But Reuters reported Friday that the NLRB would instead have to represent itself in the case, a sign that President Donald Trump’s Justice Department might be switching sides.  The Supreme Court is expected to issue its ruling sometime in its next session. The Trump administration’s brief:  -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

17 июня, 01:04

Trump Administration Sides With Employers Over Workers On Arbitration Agreements

WASHINGTON ― The Trump White House will stand with corporations over workers in a looming Supreme Court battle involving arbitration agreements, according to a copy of an amicus brief obtained by HuffPost on Friday. Arbitration agreements prevent workers from pursuing class-action lawsuits for back wages and other damages from their employers. Before former President Barack Obama left office, his administration had argued that such agreements run afoul of collective bargaining law. But in an unusual move, the Trump administration is undercutting that argument and backing corporations. In the brief, Trump’s acting solicitor general, Jeffrey B. Wall, says his office has “reconsidered the issue and has reached the opposite conclusion” as Obama’s solicitor general in the case, known as Murphy Oil. Celine McNicholas, a labor lawyer at the left-leaning Economic Policy Institute, said what the White House was doing was extremely rare: flipping the government’s official position in an ongoing Supreme Court case. “This was something folks had been fearing,” McNicholas said. “I do think that the decision to switch sides is a real departure from the standard practice.” She added, “It’s incredibly troubling that an administration that ran [a campaign] on leveling the playing field and giving workers rights is going to literally stand with employers and corporate interests.” Arbitration agreements have become widespread and controversial in recent years, since they require workers to waive their rights to sue as a group. Workers have much less power when they have to take on their employers as individuals. Individual cases also are much less attractive to plaintiffs’ lawyers, since the payouts are far smaller. Earlier this year, the Supreme Court put a review of three arbitration cases on its docket.  In Murphy Oil, one of those three cases, the Obama administration had been representing the National Labor Relations Board, which had deemed the arbitration agreements illegal. But Reuters reported Friday that the NLRB would instead have to represent itself in the case, a sign that President Donald Trump’s Justice Department might be switching sides.  The Supreme Court is expected to issue its ruling sometime in its next session. The Trump administration’s brief:  -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

06 июня, 11:15

Murphy Oil (MUR) Down 2.1% Since Earnings Report: Can It Rebound?

Murphy Oil (MUR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

08 мая, 15:31

What Falling Estimates & Price Mean for Murphy Oil Corporation (MUR)

It may not be a good decision to keep this Murphy Oil Corporation (MUR) stock in your portfolio anymore as the sell rated stock has witnessed a significant price decline in the past four weeks, and has seen negative earnings estimate revisions.

04 мая, 16:16

Murphy Oil (MUR) Posts Wider-than-Expected Loss in Q1

Murphy Oil Corporation (MUR) reported first-quarter 2017 loss of 6 cents per share, wider than the Zacks Consensus Estimate of a loss of 5 cents.

02 мая, 15:49

Deluge of Oil Earnings on May 3: RIG, CXO, PXD, MUR, WMB

Let's see what's in store for five energy players RIG, CXO, PXD, MUR and WMB that are reporting tomorrow.

02 мая, 14:02

Noble's (NBL) Q1 Loss Narrower than Expected, Revenues Beat

Noble Energy, Inc. (NBL) reported adjusted loss of 5 cents per share for the first quarter of 2017, narrower than the Zacks Consensus Estimate of a loss of 13 cents.

01 мая, 14:32

Murphy Oil (MUR) Q1 Earnings: Disappointment in the Cards?

Murphy Oil (MUR) is scheduled to release first quarter 2017 earnings on May 3.

26 апреля, 22:36

Is Canada’s Oil Industry Regaining Momentum?

If dollars were votes, the Canadian oil sands is getting an approval rating of about 55 percent this year. Maybe that sounds like a great number for a politician, but for ongoing oil and gas projects, a “re-investment ratio” less than 100 percent is a vote of non-confidence relative to other hydrocarbon jurisdictions. Some point to the loss of oil sands investment appeal—amplified by the exit of multinationals like Shell, ConocoPhillips, Marathon, Statoil, Murphy Oil and probably others to follow—as evidence of Canadian…

18 апреля, 10:18

Why Is Murphy Oil (MUR) Down 8.7% Since the Last Earnings Report?

Murphy Oil (MUR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

07 апреля, 22:29

Hulse to succeed Caldwell as Murphy Oil controller

Christopher D. Hulse has been elected vice-president and controller by Murphy Oil Corp., effective June 1. He’ll succeed Keith S. Caldwell, currently senior vice-president and controller, who is retiring.

19 марта, 08:46

Канада теряет нефтяных инвесторов

Многие слышали про битумные пески Канады. А также множество благополучных прогнозов на счет того, что наша планета еще на долгие годы обеспечена нефтью благодаря запасам канадской провинции Альберта, исчисляемым триллионами баррелей. Но почему инвесторы покидают этот, на первый взгляд, гарантированно рентабельный регион?

10 марта, 17:01

Top Ranked Income Stocks to Buy for March 10th

Top Ranked Income Stocks to Buy for March 10th

10 марта, 01:38

5 Energy Growth Stocks to Buy on the Sell-Off

While we cheer the U.S. bull market's 8-year anniversary, oil prices tumbled to their lowest levels of 2017 yesterday.

23 февраля, 15:35

Transocean (RIG) Q4 Earnings Beat Despite Market Challenges

Despite a very challenging market for offshore rigs, Transocean (RIG) was able to beat Q4 estimates handily.

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06 февраля, 17:31

Suncor (SU): Is a Beat in the Cards this Earnings Season?

Canada's biggest energy firm Suncor Energy Inc. (SU), will release fourth-quarter 2016 results after the market closes on Wednesday, Feb 8.

01 февраля, 09:22

Tough End to Month, but Great Start to Year

Tough End to Month, but Great Start to Year