With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.
Author: CLIFFORD KRAUSS
As Energy Prices Tumble, Developing Countries Trim Subsidies
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel.
Oil Prices Are Coming Back as Demand Rises
The U.S. benchmark reached $32 a barrel, a month after briefly falling below zero, but it’s still far from where it was before the pandemic.
Natural Gas Exports Slow as Pandemic Reduces Global Demand
Businesses in the United States, Israel and other countries were planning to invest billions in export terminals. Now, those projects are being canceled or delayed.
‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation
Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble.
Oil Companies on Tumbling Prices: ‘Disastrous, Devastating’
The use of gasoline and other fuels is dropping as Saudi Arabia and Russia increase production, sending oil prices to their lowest level in a generation.
Saudi Oil Price Cut Is a Market Shock With Wide Tremors
Oil producers in the United States and other nations brace for lower revenue, reduced investment and job losses as a global glut is compounded.
Canada Oil-Sands Plan Collapses Over Politics and Economics
A developer has abandoned a nine-year effort to extend mining, sparing Justin Trudeau a choice between energy interests and environmental concerns.
Bolivia’s Interim Leader Pledges to ‘Reconstruct Democracy’
The leader, Jeanine Añez Chavez, appointed a new cabinet, but backers of the ousted Evo Morales have promised to disrupt the new government.
Bolivia’s Interim Leader Says Nation Must ‘Reconstruct Democracy’ After Morales’s Ouster
The interim president, Jeanine Añez Chavez, was preparing to appoint a cabinet, but backers of the ousted Evo Morales have promised to disrupt the new government.