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The acquisition marks further consolidation of the oil industry and highlights the confidence that energy companies have in the future of fossil fuels. In the second energy megadeal this month, [...]

Byline: Clifford Krauss President López Obrador wants to halt most oil exports and imports of gasoline and other fuels. Critics say he is reneging on Mexico's climate change commitments. DEER [...]

Byline: Peter Eavis and Clifford Krauss The tension between climate goals and lifting Exxon Mobil's profits could make it difficult for activists to make progress. The growing urgency to address [...]

Byline: Clifford Krauss Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight climate change. HOUSTON - [...]

Byline: Clifford Krauss While BP and other European companies invest billions in renewable energy, Exxon and Chevron are committed to fossil fuels and betting on moonshots. HOUSTON - As oil [...]

Byline: Matt Phillips and Clifford Krauss Energy companies were major issuers of junk bonds to finance expansion. But now they are in trouble as capital has dried up and oil [...]

Byline: Anatoly Kurmanaev and Clifford Krauss America's biggest energy company, Exxon Mobil, made a big bet on a risky oil prospect in Guyana, a small South American nation. Now the [...]

Oil and gas companies may see an export revival from the accord, but they seek commitments that tariffs will be dropped. HOUSTON -- The American energy industry offered cautious praise [...]

HOUSTON -- The Trump administration moved Thursday to protect the Venezuelan-owned refining company Citgo from creditors by closing a narrow loophole on sanctions intended to topple the Venezuelan government. Citgo [...]

NEW ORLEANS -- The Trump administration is poised to end a program that has allowed five large nations, including China and India, to buy Iranian oil despite American sanctions, two [...]

CARACAS, Venezuela -- Venezuela ground to a halt Friday as a national power blackout entered its second day, stalling public transportation, decimating already scarce food supplies, crippling the vital oil [...]

Byline: CLIFFORD KRAUSS GEORGETOWN, Guyana -- Guyana is a vast, watery wilderness with only three paved highways. There are a few dirt roads between villages that sit on stilts along [...]

Byline: ANDREW E. KRAMER and CLIFFORD KRAUSS MOSCOW -- Now that President-elect Donald J. Trump has chosen Rex W. Tillerson, the chief executive of Exxon Mobil, to be the next [...]

The article focuses on the Federal Trade Commission's approval of Exxon Mobil's acquisition of Pioneer Natural Resources, contingent on Exxon excluding Pioneer's chief executive from its board due to accusations of colluding with OPEC to control global oil production and prices.

Byline: CLIFFORD KRAUSS BP and the Norwegian oil company Statoil have announced that they are withdrawing their employees from two of Algeria's largest natural gas fields after Islamic terrorists staged [...]

Byline: CLIFFORD KRAUSS and MICHAEL CORKERY It was one of the darkest periods of the oil market slump. The global economy was showing fresh signs of slowing, and crude prices [...]

Byline: CLIFFORD KRAUSS HOUSTON -- The opening of an investigation of Exxon Mobil by the New York attorney general's office into the company's record on climate change may well spur [...]

Byline: JUSTIN GILLIS and CLIFFORD KRAUSS The New York attorney general has begun an investigation of Exxon Mobil to determine whether the company lied to the public about the risks [...]

Byline: CLIFFORD KRAUSS KARNES CITY, Tex. -- No place in Texas produces more oil than Karnes County, but suddenly the roaring economy here is cooling fast, chilled by the plunging [...]

Byline: CLIFFORD KRAUSS and KEITH BRADSHER EL CHACO, Ecuador -- Where the Andean foothills dip into the Amazon jungle, nearly 1,000 Chinese engineers and workers have been pouring concrete for [...]

Byline: CLIFFORD KRAUSS Nearly 80 years after kicking out foreign oil companies, Mexico has reversed course, auctioning 14 exploration blocks in an effort to attract international energy giants and increase [...]

Byline: CAMPBELL ROBERTSON, RICHARD PÉREZ-PEÈæA and CLIFFORD KRAUSS NEW ORLEANS -- The federal government and the Gulf Coast states have reached a tentative deal with the British oil company BP [...]

Byline: STANLEY REED and CLIFFORD KRAUSS LONDON -- BP's future no longer has a giant cloud ahead. But it will take years, if not decades, for it to approach its [...]

Byline: CAMPBELL ROBERTSON, RICHARD PÉREZ-PEÈæA and CLIFFORD KRAUSS NEW ORLEANS -- The federal government and the Gulf Coast states have reached a tentative deal with the British oil company BP [...]

Byline: CLIFFORD KRAUSS After a long history of wars and sanctions, Iraq re-emerged as a critical source of oil in recent years. Mounting Iraqi production helped to ease world oil [...]

Byline: CLIFFORD KRAUSS The powerful Washington law firm Patton Boggs dropped out of an effort to force Chevron to pay a $9.5 billion Ecuadorean pollution judgment on Wednesday, expressing regrets [...]

Byline: CLIFFORD KRAUSS As the United States seeks to strengthen sanctions on Moscow for its occupation of Crimea, energy experts say the powerful Russian oil industry would make a robust [...]

Byline: CLIFFORD KRAUSS WATFORD CITY, N.D. -- Viewed from outer space, the 1,500 blazing oil well flares burning off excess natural gas illuminate the plains of western North Dakota more [...]

The article discusses that Occidental Petroleum has offered to acquire CrownRock, a private oil producer, as part of the consolidation trend in the US oil industry following acquisition announcements by Exxon Mobil and Chevron.

The article reports on the groundbreaking in April 2023 to celebrate the first large solar farm project of Trinidad and Tobago, a country known for its long embrace of fossil fuels. Cited are the clarification by Prime Minister Keith Rowley that the country will continue to extract hydrocarbons as long as there is an international market, the dependence of its economy on oil and natural gas, and the reasons that fossil fuel-rich countries like Trinidad cannot easily switch to renewable energy.

For decades after its founding in 1922 as the world's first state-owned oil company outside the Soviet Union, Yacimientos Petroliferos Fiscales was the butt of one of Argentina's most enduring […]

The article reports that the Covid-19 Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound with demand set to rebound to the reopening of the Chinese economy combined with the property crisis and the zero-Covid policy.

The article focuses on a mechanical breakdown at a British Petroleum (BP) refinery in Whiting, Indiana, on August 8, 2015, and how it is impacting gasoline prices. The author explains that the breakdown is impacting both Midwest U.S. and Canadian energy markets, explores how it has increased the price of gasoline, and presents reports by the American Automobile Association (AAA).

The article reports on the response of the oil industry to the clean energy transition pledged by 2020 U.S. presidential aspirant Joe Biden. Topics discussed include the acknowledgment of the increasing transition from fossil fuels to renewable energy by oil and gas industry executives, the concerns raised by Biden over climate change, and the declining cost of wind and solar energy resources in addition the growing popularity of electric cars.

The article reports on the survival strategies adopted by oil and gas industry players amidst the coronavirus pandemic as of October 2020, particularly use of merger and acquisition to reduce costs. Also cited are ConocoPhillips' purchase of Concho Resources, Chevron's takeover of Noble Energy, and the announcement by Devon Energy to acquire WPX Energy.

The article focuses on the move by the U.S. petroleum industry to shut down wells, lay off workers and cut salaries and benefits as demand for petroleum products declined caused by the lockdowns aimed to contain the spread of the coronavirus. Topics covered include the collapse of the oil prices for May and June 2020 deliveries, the seeking by smaller oil companies of bankruptcy protection, and the call by the industry for the Texas Railroad Commission to force companies to cut production.

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The article reports on an increase in oil production coming from Brazil, Canada, Norway and Guyana. Topics discussed include the plans of Saudi Arabia's Aramco for a large initial stock offering, implications of the rise in production, particularly on efforts to combat global warming, and impact of the increased production on companies producing in the U.S.

The article discusses challenges facing Citgo Petroleum Corp., the U.S. subsidiary of Venezuelan state-owned oil company Petroleos de Venezuela SA (PDVSA). Topics discussed include the possible seizure of Citgo by creditors and other businesses if PDVSA fails to make payment on its 2020 bonds, refineries and gasoline stations owned by Citgo in the U.S., and the call on President Donald Trump to take actions to prevent Citgo's splitting.

The article discusses how the oil boom in the Permian Basin in Texas and New Mexico has enabled Mike Wilkinson to have a fresh start in life. Topics covered include emergence of the U.S. as the world's largest oil producer due to the oil boom in the Permian, decision of Wilkinson to move to Midland, Texas to work as a truck driver that carries oil field equipment in the Permian, impact of the oil boom on the economy of New Mexico and amount of Wilkinson's earnings as a driver.

The article deals with the difficulty facing oil and natural gas producers in the U.S. in generating revenue and sustaining their business amidst overproduction and the declining demand for fossil fuels. Topics covered include number of oil and gas companies in the U.S. and Canada that have filed for bankruptcy protection, impact of drilling for oil and gas in shale fields on the global oil market and factors contributing to the failure of some U.S. firms to produce oil more profitably.

The article reports on the move by Chevron in May 2019 not to compete Occidental Petroleum's latest bid for Anadarko Petroleum. The acquisition will make Occidental Petroleum the top oil producer in the Permian Basin. Also cited are a brief Occidental Petroleum history including the accomplishments of former head Armand Hammer, as well as the efforts of Occidental Petroleum's chief executive Vicki Hollub to win Anadarko Petroleum.

The article reports on the bidding war between Occidental Petroleum and Chevron for Anadarko Petroleum. Topics discussed include Occidental's 38 billion dollar bid for Anadarko, Occidental and Chevron's battle for dominance of the biggest and most productive oil field in the U.S., and the negative reaction of Wall Street analysts to Occidental takeover bid.

The article focuses on the important role played by the Permian Basin that straddles Texas and New Mexico in reviving the U.S. oil industry. The factors that boosted productivity at the oil field include technical innovation, aggressive investing, and layers of oil-rich shale. The oil field also allowed the U.S. to reduce crude-oil imports and made the country a major exporter for the first time.

The article reports on the decline in oil prices and gasoline and its potential impact on businesses and workers in the energy and manufacturing industries in the U.S. Topics discussed include remarks from Tom Kloza, global head of energy analysis at the Oil Price Information Service, and statement from Darlene S. Wallace, president of Columbus Oil, about concerns on the decline in oil prices.

The article discusses the economic crisis in Venezuela caused by mismanagement of profits from the state oil company Petróleos de Venezuela SA (PDVSA) and the decline in global oil prices since 2014. Topics covered include the decline of Venezuela's subsidized oil shipments to Cuba, food shortage, the importance of the country's oil wealth to its national identity and sovereignty, importation of oil from the U.S., the struggle of PDVSA to pay for foreign oil, and petroleum leaks.

The article examines the effectiveness of the oil sanctions imposed by the administration of U.S. President Donald Trump against Iran's nuclear program. Topics discussed include the decline in Iranian crude exports, the decision of international oil companies that are still committed to the nuclear agreement to avoid other deals with Iran and the success of the U.S. to avoid a significant increase in gasoline prices.

The article reports on the concern of U.S. oil companies on the outcome of the 2018 presidential election in Mexico. The leading candidate, Andrés Manuel López Obrador, wants to reverse policies in energy production and consumption entered by the U.S. and Mexico. He has promised to end oil exports by 2022 and to build two refineries to process crude for domestic consumption.

The article reports on the criticisms made by U.S. President Donald Trump on the Organization of the Petroleum Exporting Countries (OPEC) oil cartel due to the surge of domestic gasoline prices. Topics discussed include the meeting held by OPEC and non-OPEC producers in Jidda, Saudi Arabia, the average price of gasoline per gallon in the U.S., and the effect of the increase in gas prices on the tax cut law signed by President Trump.