Fossil Fuels

Exxon Buys Pioneer for $60 Billion to Create Shale Giant

The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction…

9 months ago

The Oil Patch Is Primed for an Era of Megadeals

A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.…

9 months ago

Chevron Labor Dispute Flares Up Again in Australia

Workers at two natural-gas facilities operated by Chevron in Australia have voted to restart industrial action, reigniting a dispute that…

9 months ago

Oil is Near $100. Shale Isn't Coming to the Rescue.

Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link

9 months ago

Inside Exxon’s Strategy to Downplay Climate Change

Listen to article(2 minutes)Exxon Mobil issued its first public statement that burning fossil fuels contributes to climate change in 2006,…

10 months ago

Fuel Prices Are Soaring: Who Is Feeling the Pinch?

Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link

10 months ago

With CEO Out, BP Faces Choice of Whether to Abandon Push to Go Green

The surprise departure of Bernard Looney presents an opportunity for the oil giant to again prioritize fossil fuels. Source link

10 months ago

BP CEO Bernard Looney Resigns

The oil company said Looney was “not fully transparent” about past personal relationships with colleagues. Source link

10 months ago

The Race to Drill America's Longest Oil and Gas Wells

With the shale boom’s end in sight, some companies are trying to impress Wall Street by eking out growth—and drilling…

10 months ago

Saudi Arabia's Aramco Considers Selling $50 Billion in Shares

The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans…

10 months ago