(AFP/Getty Images)

Buying BG will ease Shell’s struggles with scandle-plagued Petrobras

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With Petrobras engulfed in Brazil’s largest ever corruption scandal, BG and other partners are struggling to communicate with the state-controlled producer’s management to address delays to development plans.
(Paul O'Driscoll/Bloomberg News)

Shell sets $70 billion deal to buy BG Group

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Shell said that bringing the two companies together would produce financial gains of about $2.5 billion a year.
(Eddie Seal/Bloomberg)

The U.S. is still the world’s biggest hydrocarbon producer

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The gap between the U.S. and its next two closest rivals has expanded in dramatic fashion since 2011.
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

EIA: Lifting Iran sanctions could send oil prices down as much as $15

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The high end of the Energy Information Administration’s prediction would bring 2016 Brent crude from $75 per barrel to about $60 per barrel, or just a few dollars above Tuesday’s ending price of $59.10.
(Photographer: Andrey Rudakov/Bloomberg)

Royal Dutch Shell in talks to acquire BG Group

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Buying BG would be Shell’s largest acquisition since the $60.3 billion merger of its Dutch and U.K. parent companies in 2005.
A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Noble Energy cuts 220 jobs

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Noble Energy has slashed 220 jobs, the company announced Tuesday, joining a growing list of oil firms trimming their rolls as they struggle to rein in spending amid falling oil prices.
Greg Armstrong, CEO of Plains All American Pipeline, at the company headquarters Thursday Sept. 25 2013.(Dave Rossman photo)

Plains boosts distribution for first quarter 2015

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Pipeline company Plains All American said it would pay its unitholders $0.685 in May.
Fighters from the Fajr Libya (Libya Dawn), an alliance of Islamist-backed militias, man a checkpoint in al-Aziziyah, located some 40 kilometres south of the Libyan capital Tripoli, on March 25, 2015. (Mahmud Turkia/AFP/Getty Images)

The fight over oil money in a split Libya is complicating the country’s efforts to boost exports

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Libya, holder of Africa’s largest oil reserves, has been split since last year when a coalition of Islamist militias captured Tripoli, forcing the elected government to move to the eastern region.
A trailer park occupied mostly by oil workers is seen in an aerial view in the early morning hours of July 30, 2013 near Watford City, North Dakota. (Photo by Andrew Burton/Getty Images)

North Dakota will send more oil tax revenue to boom towns grappling with growth

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North Dakota’s state fund currently sets aside 75 percent of some oil tax revenues for the state and 25 percent for local governments.
Smoke and flames erupt from the scene of a train derailment Thursday, March 5, 2015, near Galena, Ill. A BNSF Railway freight train loaded with crude oil derailed around 1:20 p.m. in a rural area where the Galena River meets the Mississippi, said Jo Daviess County Sheriff's Sgt. Mike Moser. (AP Photo/Telegraph Herald, Mike Burley)

Oil train tank cars need urgent upgrades

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The industry in 2011 voluntarily adopted rules requiring sturdier tank cars for hauling flammable liquids such as oil and ethanol. But cars built to the new standard split open in at least four accidents during the past year.