Why Exxon Is Giving Its Shale Unit a Long Leash
In a matter of weeks, crews working for Exxon’s XTO Energy Inc. unit will begin erecting drilling rigs across a patch of southeast New Mexico to exploit the region’s mile-thick Continue Reading
Oil-Sands Operators Bet on Local Advantage as U.S. Partners Flee
Now that multinational energy producers have sold their stakes in Canada’s oil sands, local companies are hatching plans to make some real changes. Cenovus Energy Inc. and Canadian Natural Resources Continue Reading
1Q Oil, Gas M&A Deals Hit Record $73 Billion
Investors enter 2017 with renewed enthusiasm for oil and gas deals, pushing transaction value 160 percent above last year, but that excitement may be on the wane. Reassured by Donald Continue Reading
Exxon probe is unconstitutional, Republican prosecutors say
A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp. ( XOM.N ) violated consumer protection laws when selling fossil fuel products, according Continue Reading
Will Banks Allow Another Slew Of Oil Bankruptcies?
Last week, U.S. banks boosted the borrowing bases for several independent energy companies, lifting spirits in the industry. The move was taken as a sign that lenders are beginning to Continue Reading
Statoil cleared for Barents Sea exploration
Norwegian energy company Statoil can spend the next month or so drilling an exploration well in a prospect in the Barents Sea, the government said. “Statoil is the operator for Continue Reading
Europe’s Coal Power Is Going up in Smoke — Fast
The long goodbye for coal in Europe is accelerating as the cost of shifting to green energy plunges. Companies including Drax Group Plc, Steag GmbH to Uniper SE are closing Continue Reading
Oil prices claw back ground after sharp drop, buoyed by U.S. crude stock dip
Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a push to rein in global Continue Reading
Oil futures fall sharply after data shows US gasoline build
A surprise build in US gasoline stocks last week triggered a sharp sell-off across the oil complex Wednesday, even though weekly US inventory data also showed draws in both crude Continue Reading
Oil slides toward $50 as stockpiles show unexpected spike
Oil dropped more than $2 a barrel after data showed an unexpected rise in US gasoline stockpiles for the first time since February and US crude production hit its highest Continue Reading