A critic of Papua New Guinea’s resource deals has been chosen as the country’s prime minister. a potential speed bump for multi-billion-dollar natural gas export projects led by Exxon Mobil Corp. and Total SA.
Read More »Icahn Sues Occidental. Threatens Fight for Sale of the Company
Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum Corp. with the goal of potentially seeking board seats and a sale of the company.
Read More »Global Crude Production Drops Sharply Over Last Six Months
From Russia to Saudi Arabia. Iran to Venezuela. the list of crude oil supplies being curtailed or disrupted around the world is growing longer by the month.
Read More »Delek’s Ithaca Energy Unit to Acquire Chevron’s Central North Sea Assets
Delek Group Ltd.. the energy company controlled by Israeli billionaire Yitzhak Tshuva. agreed to buy North Sea oil and gas fields from Chevron Corp.
Read More »OPITO Appoints New V.P. for Americas to Support Oil and Gas Safety. Skills
OPITO. the global. not-for-profit skills body for the energy industry. has appointed Brandon Grosvenor to the new role of V.P. of strategic development for the Americas region.
Read More »China Rallies Energy Giants as Trade Battle with U.S. Heats up
China is mobilizing its vast state-run energy industry to prepare for an economic tussle with the U.S. that could escalate further and might last for years.
Read More »Turkey Central Bank Raises Foreign-Currency Reserve Requirements
International currency exchange rates stand on display outside a bureau in the Grand Bazaar in Istanbul.
Read More »World’s Largest Oil Exporter Investment in US Shale Gas
This is a signal of Aramco’s intent to become a global gas player and develop a broad LNG portfolio.
Read More »Exxon. Chevron will Face Climate Change Pressure from Investors
Exxon’s ``inadequate response to climate change constitutes a serious failure of corporate governance.
Read More »Trump and Xi Killed the Oil Rally
The U.S.-China relationship has moved further off track over the past two weeks.
Read More »