Saudis to Seek Extension of OPEC Cuts as Aramco IPO Approaches
The kingdom will push for an extension of oil production cuts through mid-2020 at a producers' summit this week in an effort to prop up Saudi Aramco's IPO share price, Persian Gulf officials said.
Exxon Drops Plans for Australian LNG Import Terminal
Exxon Mobil Corp. has decided not to push ahead with plans for a natural-gas import terminal in Australia after failing to secure long-term customers to underpin the development.
China and Russia Are Partners-and Now Have a $55 Billion Pipeline to Prove It
An 1,800-mile conduit is set to begin delivering Russian natural gas to China on Monday, a physical bond in a new era of cooperation between two countries, and a challenge to the U.S.
Aramco IPO Draws Bids of $44.3 Billion, Though Global Investors Balk
Saudi Aramco's share sale has attracted bids of $44.3 billion and remains on course to be the world's largest listing. However, global investors are steering clear.
The Last Prospector: A Texas Wildcatter Is Tempted by a Final Quest
After poring over geological data, Bill Armstrong made a gutsy bet he could find oil in a corner of Alaska already picked over by the big companies.
Oil Slides as Oversupply Fears Resurface
Oil prices fell in quiet trading following the Thanksgiving holiday, a signal that crude could struggle to extend its recent rally in the final month of the year.
Republican Fervor Ebbs for Offshore Oil Drilling
Hopes in the oil industry and Trump administration for drilling off the Southeastern U.S. coast face dimming GOP support and growing environmentalism.
An Oil Giant Plans for Climate Change
Royal Dutch Shell knows that climate change means business change, but isn't sure how. Like a savvy car buyer, it is testing out a few eco-friendly models before it chooses one.
E.ON Seen Boosted by Innogy
E.ON reported a 6% fall in nine-month earnings but slightly raised its full-year targets following the completion of the Innogy acquisition.
Airplanes Can't Outfly Their Carbon Emissions
Airlines are under mounting pressure to improve their environmental credentials, but have few good options