Bloomberg

Bloomberg

You can read more from Bloomberg at www.bloomberg.com

Shale boom sends U.S. crude production to 28-year high

Output rose 78,000 barrels a day to 8.428 million, the most since October 1986, according to Energy Information Administration data.  More »

Exxon’s Norway oil fields risk shutdown by strike over pensions

The Safe union will order as many as 154 offshore-platform workers to walk out if the talks fail, paralyzing production at the Ringhorne, Jotun and Balder fields, the group’s leader Hilde-Marit Rysst said by phone.  More »

Chevron first major oil producer seeking Pemex partnerships

Chevron Corp., the world’s third-largest energy company by market value, became the first major international oil producer to reveal partnership plans with state-run Petroleos Mexicanos since Mexico signed landmark legislation to reopen its doors to foreign producers.  More »

Gazprom threatens to halt gas shipments to Ukraine on June 3

OAO Gazprom, Russia’s gas-export monopoly, will stop supplying gas to Ukraine on June 3 unless it starts making payments for fuel supplies.  More »

Investigators seek breakthrough a year after EU raided Big Oil

Twelve months after raiding oil companies and Platts in a hunt for evidence of possible manipulation of price benchmarks, European Union officials are looking for a breakthrough.  More »

Drilling pioneer sees fracking from sea to shining sea

It’s time for the shale revolution to push west, says geologist Kent Bowker. Pressed to reveal a more specific location for his “super-secret” potential bonanza, Bowker joked, “Is this guy a landman?”  More »

EPA considers requiring disclosure of fracking chemicals

The agency could require companies to give the government details on what’s being used to break apart shale rock and release trapped oil and gas, according to a notice today on Reginfo.gov.  More »

Oil industry risks $1.1 trillion of investor cash

Oil explorers like Exxon Mobil Corp. and OAO Rosneft risk wasting $1.1 trillion of investors’ cash through 2025 on expensive, uneconomic projects from the Arctic and deep seas to tar sands, according to a study.  More »

Chesapeake Energy says it’s cleared in securities inquiry

Chesapeake said it was cleared by the Securities and Exchange Commission .  More »

Encana making $3.1 billion Eagle Ford buy

The agreement to purchase 45,500 net acres in Texas’s oil-rich Eagle Ford basin from Freeport’s oil and natural gas subsidiary “underscores our investment focus on high-margin assets,” Encana Chief Executive Officer Doug Suttles said.  More »

EOG Sees Rocky Mountains as North America’s next hot oil field

The company, which is known for quietly building up positions in areas before their potential is widely recognized, said in a statement yesterday that its land in the DJ and Powder River basins in Colorado and Wyoming may hold the equivalent of 400 million barrels of oil.  More »

Sabine Oil to merge with Forest Oil

abine Oil & Gas LLC, an energy producer backed by private equity firm First Reserve Corp., agreed to merge with Forest Oil Corp. in an all-stock transaction to create one of the biggest operators in East Texas.  More »
Page 21 of 263« First...10...1920212223...304050...Last »