The European Union will seek to double imports of liquefied natural gas (LNG) from the United States by 2023, as part of its efforts to ease transatlantic trade tensions and reduce its reliance on Russian gas.
U.S. Energy …
Exxon Mobil Corp plans to invest an additional $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on Thursday.
Exxon will add a plant producing 400,000 tons of polymers a year …
Shale producers don’t seem to be getting the message.
That’s the take from Houston-based Tudor Pickering Holt & Co., which had a few choice words for U.S. oil explorers that are hiking capital budgets at a time when …
Saudi Arabia has pledged to boost oil output if needed, as the Trump administration starts banning all Iran oil exports on Thursday.
But behind the scenes, Riyadh and Washington face a potentially weekslong showdown over …
From Reuters
SINGAPORE (Reuters) – Some 20 million barrels of Iranian oil sitting on China’s shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude …
The new Alberta government has enacted a law enabling it to restrict the flow of oil and gas to neighboring British Columbia, raising the stakes in a dispute between Canada’s westernmost provinces over the Trans Mountain pipeline.
Alberta …
The volatile politics of OPEC nations meant that oil production from the cartel held steady last month, as losses in some members were offset by gains in others.
Iran’s output slumped once again as the U.S. government moved …
The attempted military uprising in Venezuela in support of opposition leader Juan Guaido carries with it significant risks for Venezuelan oil production. The uncertainty over how many military units support Guaido and how far they will go to …
It was a quiet Easter holiday at the offices of major European oil companies and refiners when an email in Russian landed. “What the hell does it say?” one manager recalled thinking as he sent it to his …
Landowners Allege Alliance Pipeline Must Compensate for Crop Yield Losses
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Warren Buffett’s Berkshire Hathaway Inc. agreed to inject $10 billion into Occidental Petroleum Corp.’s bid to acquire Anadarko Petroleum Corp. and fight off Chevron Corp.
Last week, Houston-based Occidental offered to purchase Anadarko for $38 …
Meet Warren Buffett, everybody’s new favorite banker.
The investing guru’s conglomerate, Berkshire Hathaway Inc., announced a deal on Tuesday, but not the kind Buffett’s fans have been awaiting. Instead of taking over a company, Berkshire is helping one …
Venezuelan opposition leader Juan Guaido on Tuesday made his strongest call yet to the military to help him oust President Nicolas Maduro, and violence broke out at anti-government protests as the country hit a new crisis point after …
Maintenance at oil-sands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks.
Inventories in the region were 34 million barrels the week before last, Richard Kruger, Imperial Oil …
Abu Dhabi National Oil Co. is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter.…
The world’s biggest offshore oil supermarket is stocking up for anti-pollution rules that Goldman Sachs Group Inc. predicts will upend energy markets.
The Strait of Malacca off Singapore and Malaysia is not only a waterway linking supply from …
EQM Midstream Partners LP said on Tuesday it was “unlikely” to complete the long-delayed $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia during 2019 due to ongoing legal and regulatory challenges.
EQM, however, said …
The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp.
U.S. District Judge Gregory …
Anadarko Petroleum Corp. plans to resume talks about a potential $38 billion takeover by Occidental Petroleum Corp., a move that threatens to scupper a previously agreed deal with Chevron Corp.
In a unanimous decision, Anadarko’s board of directors …
The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel.
Saudi Aramco is building facilities to tap shale gas in the …
Britain’s quest to tap domestic supplies of shale gas is looking increasingly bleak as the government’s liaison between the industry and local communities resigned after just six months in the job.
Natascha Engel left the government appointed job …
In a state known for its oil-based booms and busts, Jerry Morales is convinced Midland, Texas, the unofficial capital of the Permian Shale Basin, has a chance to break from the pattern.
In the Permian, “we don’t say …
Volatility is picking up in oil markets following a powerful 2019 rally, prompting a retreat among portfolio managers into less-risky investments in a sector that many investors still view as hot.
U.S. crude tumbled nearly …
Tellurian Announces Binding Open Seasons for the Haynesville Global Access Pipeline and the Delhi Connector Pipeline
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A major Russian oil pipeline will remain shut for another week as its operators resolve a chemical contamination that forced refiners in Eastern Europe to stop taking crude deliveries.
Talks in Minsk between officials from countries along the …
The outgoing chief executive of Canada’s Suncor Energy on Thursday urged the new Alberta government to find a way out of mandatory oil production curtailments that were imposed this year to help boost crude prices.
The CEO, Steve …
The world’s largest oil companies are reporting underwhelming first- quarter profits as an array of geopolitical challenges and weaker prices around the world produced anemic results in the first three months of the year.
Sanctions …
Anadarko Petroleum Corp. is under pressure from investors to explain why it agreed to a takeover offer from Chevron Corp. despite it being substantially lower than Occidental Petroleum Corp.’s $38 billion proposal.
Occidental went public with its …
