Investors

BP plc reached a “turning point” in its operations in October and has begun to invest for the long term, CEO Bob Dudley told investors on Tuesday.

Moody’s Investors Service on Thursday sliced its North American natural gas price assumptions through 2013 and said with “no relief in sight for overproduction and storage,” it now assumes that gas delivered at the Henry Hub this year will sell for an average of $2.75/MMBtu.

Moody’s Investors Service on Thursday sliced its North American natural gas price assumptions through 2013 and said with “no relief in sight for overproduction and storage,” it now assumes that gas delivered at the Henry Hub this year will sell for an average of $2.75/MMBtu.

Consol Energy Inc. said Thursday it has too much of a good thing — natural gas — and low prices will lead to reduced spending and well drilling in the Marcellus Shale this year.

Chevron Corp. warned investors last week in an interim report that fourth quarter earnings would be “significantly” lower sequentially than in the third quarter, a signal that even Big Oil may not be immune to lower domestic natural gas prices, an analyst said.

Chevron Corp. warned investors late Wednesday in an interim report that fourth quarter earnings will be “significantly” lower sequentially than in the third quarter, a signal that even Big Oil may not be immune to lower domestic natural gas prices, an analyst said.

Former Petrohawk Energy Corp. CEO Floyd C. Wilson, who recently created Halcon Resources LLC, is working with a group of investors to buy Tulsa-based Ram Energy Resources Inc., a small-cap explorer that operates primarily in Texas, Louisiana and Oklahoma.

Two U.S. shareholder groups that together have more than $130 billion in investor assets on Tuesday called for more transparency by natural gas operators that use hydraulic fracturing (fracking).

Moody’s Investors Service on Friday joined a chorus of energy analysts and lowered its assumptions for North American natural gas prices for the next two years. However, its two-year outlook for benchmark crude oil prices are higher.