Sunday, May 17, 2026

Go West: Pacific Coast LNG Plans Get Fresh Look as Market Shifts

From Reuters The scramble for new projects to export liquefied natural gas (LNG) is shifting to the Pacific Northwest, where longstanding proposals are getting a renewed look as rising shipping rates make the region’s easy access to Asia more appealing, with gas price shifts sweetening the deal. In October, Royal Dutch Shell and its Asian partners approved construction of a

Exxon Becomes Top Permian Driller to Combat Falling Oil Output

From Bloomberg Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale. After a slow start in the West Texas and New Mexico basin, Exxon is now operating more drilling rigs than Concho Resources Inc., which merged with RSP

Shell Eyes Deal for Endeavor Energy as Price Tag Drops

From Bloomberg Royal Dutch Shell Plc is in negotiations to buy Endeavor Energy Resources LP for about $8 billion, according to people familiar with the matter, or roughly half as much as the Texas oil producer was expected to fetch when it put itself on the block this year. Exxon Mobil Corp., Chevron Corp. and ConocoPhillips also weighed bids for Endeavor but their interest has waned, said the people,

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ConocoPhillips Closes BP Asset Swap

ConocoPhillips Closes Sale of 16.5 Percent Interest in Clair Field in United Kingdom and Acquisition of Additional 39.2 Percent Interest in Greater Kuparuk Area in Alaska