BP Plc is working to secure an ongoing natural gas leak in a well on Alaska’s North Slope that also sprayed crude oil for three days before that release was capped. The plan is to close the well, state officials said.
Saudi Arabia will develop 30 solar and wind projects over the next 10 years as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption.
South Korea’s National Pension Service agreed to restructure 1.55 trillion won ($1.4 billion) of bonds issued by Daewoo Shipbuilding & Marine Engineering Co., helping the world’s largest shipbuilder tide over a payment crisis that had threatened to almost shut the company.
Oil declined below $53 a barrel as the U.S. continued to ramp-up drilling, stoking fears the nation’s surge in output this year will counter OPEC-led efforts to cut a global supply surplus.
Iran, holder of the world’s biggest natural gas reserves, boosted output by inaugurating six projects at the giant South Pars offshore field.
With a $3 billion purchase from ConocoPhillips, billionaire oilman Jeffrey Hildebrand is once again trying to succeed in a corner of the oil and gas world others are leaving behind.
Wall Street banks’ growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices.
Oil capped its third weekly gain after the International Energy Agency said production cuts have brought world markets “very close to balance” and should soon deplete stockpiles that rose in the first quarter.
The company contracted to build Scana Corp.’s two nuclear reactors in South Carolina went bankrupt. Scana’s credits ratings are, as a result, at risk of downgrades. Its shares have plunged.
The spectacular failure of what was once the world’s biggest renewable-energy company has turned into a smorgasbord of wind and solar farms being gobbled up by infrastructure investors, clean-power developers and even a vegan soccer team.
Relying on natural gas to fuel Europe’s second-largest economy was never going to be easy for the U.K., even before Brexit.
Buyers in the world’s biggest oil market are finding they can almost always get what they want, at a time when they weren’t expected to get what they need.
China’s crude imports in March surged to a record, and topped the U.S. as the world’s biggest overseas buyer during the first quarter, as domestic output sags after producers cut spending last year amid oil’s crash.
Crude retreated after a government report showed U.S. stockpiles dropped from a record while production increased.
Oil is riding the longest winning streak since December on optimism Saudi Arabia will support an extension to OPEC-led output cuts just as U.S. stockpiles show signs of shrinking.
Swiss prosecutors probing bribery allegations at a Geneva-based unit of China’s Sinopec released a Chinese executive jailed for three weeks after deciding there was no longer a risk the man could collude with others to disrupt the probe.
Shell said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would go to a company linked to the country’s former oil minister, changing its previous stance on a deal that’s under investigation for alleged corruption.
Oil traded near $53 a barrel after the longest winning streak since December before U.S. government data forecast to show record crude stockpiles declined.
South Korea’s National Pension Service has a decision to make -- help the world’s biggest shipmaker survive, or let it die.
A rift between U.S. President Donald Trump and the rest of the Group of Seven over his hard-line climate change stance looks set to widen next month when leaders meet in Italy.
BHP Billiton rejected a proposal by billionaire Paul Elliott Singer’s hedge fund to overhaul its business, setting up further clashes between the world’s largest miner and an investor with a record of protracted disputes with companies.
Crude headed for its longest run of gains this year as Libya’s biggest oil field suffered another outage while Russia signaled it’s weighing an extension of OPEC-led production cuts.
Oil headed for its highest settlement in a month as Russia signaled it’s weighing an extension to OPEC-led production cuts, offsetting concern rising U.S. production will exacerbate a global glut.
No CEO is showering money on Wall Street like Jeffrey Immelt. And no Wall Street CEO is catching more of it than Jamie Dimon.
Oil jumped as the U.S. cruise missile attack against Syria riled global financial markets.
