Concho Resources Inc., Midland, will acquire RSP Permian Inc. (RSPP) in a $9.5-billion stock transaction to create the largest unconventional shale producer in the Permian basin. The combined company expects to run Continue Reading
President Trump shakes hands with EPA Administrator Scott Pruitt in June after announcing plans to withdraw the United States from the international Paris climate change accord. (Andrew Harnik/AP) Environmental Protection Continue Reading
Almost every state along the Atlantic coast — 12 out of 14 — has offshore wind potential that exceeds its current electricity needs, according to a new study. Bringing the Continue Reading
Poland’s largest utility Polska Grupa Energetyczna (PGE) said Thursday it has received a positive environmental decision for a project to excavate the Zloczew lignite deposit, which could supply feedstock for Continue Reading
Oil prices fell on Wednesday, with Brent falling back below $70 per barrel and U.S. West Texas Intermediate crudes dipping below $65, pulled down by a report of increasing U.S. Continue Reading
The beginning of spring and a big spike in crude oil prices means U.S. consumers are paying more for gasoline and should get used to it, analysts said. Motor club Continue Reading
Hedge funds had turned more bullish on the outlook for petroleum prices, even before the decision to replace the U.S. president’s national security adviser with an anti-Iran hawk was announced Continue Reading
A number of oil exporting countries have suggested a six-month extension to the oil supply cut deal agreed by OPEC countries and non-OPEC crude producers, Iraqi oil minister Jabar al-Luaibi Continue Reading
The American Petroleum Institute (API) has reported a major surprise build of 5.321 million barrels of U.S. crude oil inventories for the week ending March 23, with the market expected Continue Reading
Big Oil showed in its latest earnings that it has adapted to the lower-for-longer oil prices and is now making nearly as much profit as it did when oil prices Continue Reading
