Upstream

Exploration

Enbridge to cut 1,000 jobs in Houston, Canada after Spectra merger

Canadian pipeline giant Enbridge is cutting 1,000 jobs, largely in Houston and Calgary, after completing its $28 billion acquisition of Houston's...

Production

Exxon increases bet on shale

Exxon Mobil Corp. is trading in long-term projects that pump oil over decades for U.S. shale drilling that can be switched on or off as crude pri...

Shale

Market Currents: Saudi oil export loadings swing west once more

Crude prices are coming under selling pressure once again, as oversupply concerns dwarf OPEC production cut expectations. As equity markets join...

Discoveries

Ex-Statoil executive agrees to temporary restraining order

A former executive of Statoil Gulf Services and his wife agreed to a temporary restraining order that prevents the pair from filing any patent ap...

Crude Oil

Growth of EVs hits petrochemicals, not just oil

The potential growth of electric vehicles and driverless cars wouldn't only hurt oil and gasoline demand,  it could also put a dent in the growin...

Natural Gas

Exxon Mobil to decide soon on $10B Texas petrochemical plant

Exxon Mobil Corp. said it will decide as soon as May whether to move forward with a planned $10 billion petrochemical complex north of Corpus Chr...