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Oil and Gas

ConocoPhillips to buy Marathon Oil in $17.1 billion all-stock deal that bolsters shale assets

by Milton Acorn
ConocoPhillips to buy Marathon Oil in .1 billion all-stock deal that bolsters shale assets

ConocoPhillips Chairman & CEO Ryan Lance speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024.  Mark Felix | AFP | Getty Images ConocoPhillips agreed on Wednesday …

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Categories Science

Hess shareholders to vote on Chevron deal amid Guyana dispute with Exxon

by Milton Acorn
Hess shareholders to vote on Chevron deal amid Guyana dispute with Exxon

Jaap Arriens | Nurphoto | Getty Images Hess shareholders will vote Tuesday on the New York-headquartered oil company’s pending acquisition by Chevron for $53 billion, as the timeline for when …

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Categories Science

WTI rises ahead of OPEC+ production meeting

by Milton Acorn
WTI rises ahead of OPEC+ production meeting

The sun sets behind a pumpjack during a gusty night in Fort Stockton, Texas, March 24, 2024. Brandon Bell | Getty Images U.S. crude oil gained more than 1% on …

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Categories Science

Emissions cap could cost oil and gas sector $75B in lost investment: CAPP

by James Odonell
Emissions cap could cost oil and gas sector B in lost investment: CAPP

A new report commissioned by an industry lobby group on the federal government’s proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on …

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Categories Politics

Biden gasoline sale won’t impact pump prices

by Milton Acorn
Biden gasoline sale won’t impact pump prices

Drivers sit in traffic on southbound Interstate 5 during the afternoon commute heading into downtown San Diego on March 12, 2024 in San Diego, California. Kevin Carter | Getty Images …

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Categories Science

Oil prices hit three-month lows, head for weekly loss

by Milton Acorn
Oil prices hit three-month lows, head for weekly loss

A Shell gas station in Austin, Texas, on May 3, 2024. Brandon Bell | Getty Images Crude oil futures fell to three-month lows on Friday and are heading to a …

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Categories Science

WTI, Brent rise after three-day decline

by Milton Acorn
WTI, Brent rise after three-day decline

A pumpjack is shown outside the Midland-Odessa area in the Permian basin in Texas, July 17, 2018. Liz Hampton | Reuters Crude oil futures bounced back Thursday after a three-day …

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Categories Science

Judge rules Exxon can sue activist shareholder over climate proposal

by Milton Acorn
Judge rules Exxon can sue activist shareholder over climate proposal

A federal judge in Texas on Wednesday said Exxon Mobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about …

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Categories Science

BP exec’s husband gets prison term for insider trading

by Milton Acorn
BP exec’s husband gets prison term for insider trading

Sam Edwards | Getty Images The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider trading that netted him $1.76 …

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Categories Science

WTI, Brent fall for third day

by Milton Acorn
WTI, Brent fall for third day

An oil pumpjack is pictured in the Permian Basin in the Loco Hills regions, New Mexico, on April 6, 2023. Liz Hampton | Reuters Crude oil futures fell for a …

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Categories Science
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