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Can Rex Tillerson leave Exxon behind?

WASHINGTON — Out of a thicket of politicians, TV cameras and reporters strode Rex Tillerson — with security guards at his side and a photographer running to keep up — into the office of Senate Majority Leader Mitch McConnell. Tillerson, however, had to wait, milling in the reception area in full vie ...

Exxon boosts bid for InterOil; still not enough for prime opponent

Exxon Mobil Corp.’s offer to raise its bid for InterOil Corp. to as high as $3.9 billion isn’t enough to pacify the deal’s most prominent opponent. InterOil founder Phil Mulacek, who left in in 2013 and remains the third-largest shareholder, said Exxon still isn’t offering shareholders full value fo ...

By Mark Curriden of The Texas Lawbook Oklahoma City-based SandRidge Energy Inc. has agreed to pay a $1.4 million fine after the U.S. Securities and Exchange Commission accused the bankrupt oil and gas company of firing an internal whistleblower who questioned how company officials calculated its pub ...

Oil recovers early losses after Trump victory

Oil erased losses as global markets adjusted to Republican Donald Trump’s election as the 45th U.S. president. Futures were little changed in New York, reversing an earlier decline of 4.3 percent. Turbulence in financial markets calmed and a knee-jerk selloff of risky assets abated as Trump, 70, pro ...

Williams’ $3 billion shale pipeline hits another bump

Williams Partners LP is facing yet another setback for a $3 billion pipeline project that would carry natural gas out of shale formations in the eastern U.S. The Federal Energy Regulatory Commission said Thursday that it’ll give landowners until Nov. 14 to comment on new route alternatives for parts ...

Oil holds near $45 a barrel

Oil traded around $45 a barrel in New York, as global crude markets were considered to be comfortably supplied despite threats to output around the world, from Nigeria to the U.S. and the North Sea. Futures were little changed, having been briefly supported by reports that militants struck a pipelin ...

France opens LNG terminal amidst glut

The Dunkirk liquefied natural gas terminal in France received its first cargo on Friday, boosting the nation’s import installations for the fuel to four, just as a wave of new supply hits the market. Madrid Spirit, a 285-meter-long tanker, delivered a commissioning cargo from Nigeria, according to s ...

Natural gas glut to continue through decade, IEA says

While oil markets will start rebalancing after a slump next year, an oversupply in natural gas won’t disappear until the end of the decade, the International Energy Agency said, slashing its gas demand outlook for a fourth straight year. Global consumption will expand by 1.5 percent annually from 20 ...

Statoil gains offshore lease for floating windfarm

Statoil ASA, the Norwegian energy company, was granted a lease to use the seabed off the east coast of Scotland and can now begin building the world’s first floating offshore wind farm. The Hywind project will consist of five 6-megawatt turbines. They will float on steel tubes fastened to the seabed ...

Has oil industry hit its mid-life crisis?

By Lydia Depillis The oil and gas bust has been going on long enough to inspire many metaphors among journalists and analysts — and now, it’s been likened to a midlife crisis. It’s like hitting age 45 and realizing your pants fit tighter than you remember, explained Bob Fryklund, chief upstream stra ...

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