Delek Group Ltd., the Israeli energy company controlled by billionaire Isaac Tshuva, is considering New York, London or Amsterdam for an initial public offering of its stake in the Tamar natural gas field valued at $3 billion to $4 billion, according to people with knowledge of the matter.
Nigeria’s economic slump deepened in the second quarter as a declining oil industry weighed on output.
Oil is poised for the biggest monthly advance since April amid speculation informal talks among OPEC members in Algeria next month may result in action to stabilize the market.
Russia’s Gazprom PJSC will start a round of natural gas auctions for utilities and traders in Europe on Wednesday, a further sign the world’s biggest exporter of the fuel is becoming more market orientated.
Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars to boost output after years of international sanctions.
Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they’ll probably find even less, spurring new fears about their ability to meet future demand.
Oil and natural gas explorers from Anadarko Petroleum Corp. to Synergy Resources Corp. have escaped a vote in Colorado that would have limited drilling and threatened to halt about $10 billion worth of oil and natural gas production a year.
Rosneft PJSC chief Igor Sechin has come up with a proposal to expand his energy empire while helping critics in the Russian government meet their goal of reducing the widest budget deficit in six years.
China Petroleum & Chemical Corp., the refining giant known as Sinopec, outshined its domestic state-run rivals in the first half of the year as its fuel-making business helped it weather the worst crude crash in a generation.
Oil declined amid doubts producers will agree on a deal to stabilize the market when suppliers meet next month for informal talks.
Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year, the chief executive officer said.
China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used to make fuels and chemicals.
Oil closed higher after swinging between gains and losses as investors parse a speech by Federal Reserve Chair Janet Yellen for signs of when the central bank will raise interest rates.
Crude could return to $100 a barrel because the two-year market downturn has curbed investment, according to Lukas Lundin, a member of Lundin Petroleum AB’s board and chairman of Lundin Mining Corp.
Oil held gains as Saudi Arabia’s energy minister said an output freeze would be positive for the market and after a report that Iran will participate in informal talks next month.
Blackstone Group LP is partnering with two oil and gas companies as it targets assets in the sought-after Permian shale formation.
Multibillion-dollar oil and gas deals are back on the table.
Key Energy Services Inc. plans to file for bankruptcy protection by November after its creditors sign off on a restructuring plan that would give bondholders control of the Texas company.
Norway is counting on its massive exports of natural gas to the U.K. to give it an advantage in talks as Britain struggles to extract itself from the European Union.
It’s almost time to short this year’s crude rally, according to the new chief executive officer of Phibro LLC, the century-old commodities firm that was once the largest independent oil refiner in the U.S.
C. John Wilder pulled the Texas utility TXU Corp. from the brink of insolvency a decade ago, then made a fortune selling it to a group including KKR & Co. in one of the biggest leveraged buyouts in history.
Oil fell after industry data showed U.S. crude stockpiles rose, keeping inventories at the highest seasonal level in at least 30 years as peak summer demand nears its end.
Cnooc Ltd. posted its first-ever half-year loss as crude’s plunge and writedowns on assets, including Canadian oil sands, destroyed profit at China’s biggest offshore oil and gas producer.
Chris Santos likes a little spice in his investing life.
PDC Energy Inc. joined the parade of companies buying into the U.S.’s biggest oilfield, announcing a $1.5 billion purchase of two companies with holdings in Texas’ Permian Basin.
