Economics ///

Analysis: Chevron vs. Oxy: Who fits Anadarko better?

The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron.

Oxy faces a heavyweight in Anadarko Prize Fight

Anadarko Petroleum's executives will be big winners in bidding war. Oh yeah, and the shareholders, too.

Anadarko changed CEO's potential payout before Chevron deal

Anadarko Petroleum Corp. adjusted severance payments for senior executives the day before Chevron Corp.’s $33 billion buyout offer, setting up CEO Al Walker to collect millions of dollars of additional compensation if he leaves the company.

Europe pledges support of Iran as Trump targets oil exports

Europe confirmed its efforts to aid Iran after the U.S. tightened all exports of Iranian oil for sanctions.

Wood opinion: Earth Day 2019 - Protect our species

Earth Day is celebrated by more than a billion people every year.

CNPC overseas equity oil, gas output up 10% in first-quarter 2019

Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10% year over year in the first-quarter 2019.

Shell's headquarters sustain thousands in damage as environmental activists wreak havok

A group called Extinction Rebellion targeted the Anglo-Dutch oil major as part of a days-long event in which it disrupted public areas throughout London with banners and props. The actions were designed to draw attention to the use and production of fossil fuels.

U.S. exported 2 MMbopd in 2018 to 42 destinations, nearly doubling 2017

In 2018, U.S. exports of crude oil rose to 2.0 MMbpd, nearly double the 1.2 MMbpd rate in 2017. Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other destinations such as South Korea, Taiwan, and Canada increased.

Chevron's mega-deal proves U.S. energy powerhouse

Amidst the world's focus on climate change and transition to natural gas, the world’s biggest energy companies are focusing on where it all began: American oil.

Trump paves way for U.S. energy infrastructure development

U.S. President Donald Trump on Wednesday signed two Executive Orders to streamline Federal processes surrounding energy infrastructure development. First, the President signed an Executive Order (EO) to address regional and local energy supply constraints, and to promote an efficient energy market.

Saudi Aramco makes unprecedented debut with $12 billion sale of bonds

Saudi Arabia's first giant step onto the global financial stage proved ambitious as it's state-run oil company issued $12 billion of bonds in one of the most oversubscribed debt offerings in history.

Majors double down as takeaway crunch eases

Jim Redden, Contributing Editor

They may have arrived late to the shale soiree, but the super-majors have shown up with overflowing wallets, lofty production targets, and they’re setting the tone for the next wave of development in the transcendent Permian basin.

Aramco gets unprecedented $100 billion demand for bond deal

Aramco received more than $100 billion in orders for its maiden global bond.

Permian Basin's future depends on the Reservoir Study Group, or "really smart guys"

Scott Hodges, a 57-year-old manager with Occidental Petroleum Corp., runs a cluster of installations at the Hobbs oil field, where dozens of wells don’t pump a single barrel of oil but instead do the opposite: push stuff -- lots of it -- into the ground.

Mubadala, The Carlyle Group acquires stake in Cepsa for $12 billion

Mubadala Investment Company, the Abu Dhabi-based strategic investment company, and global investment firm The Carlyle Group have announced that funds affiliated with Carlyle will acquire a significant minority interest in Compañía Española de Petróleos, S.A.U (Cepsa) from Mubadala.

Trump's Keystone XL pipeline permit back in court as indigenous group files complaint

President Donald Trump's permit to restart TransCanada Corp.'s halted Keystone XL pipeline receives backlash from conservation groups who urged a Montana federal court to toss out the new permit.

Saudi Aramco, big banks prepping ~$10 billion offering

Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering next week. Early indications suggest investors are already crowding in as the world closely watches.

Jordan to negotiate $1 billion debt-reduction loan, oil from Iraq to help boost economy

Jordan and the World bank are in $1-billion loan discussions to cut the cost of the Middle East country's debt repayments and revive an economy strained by more than a million Syrian refugees.

Petrobras sells 90% stake in gas pipeline for $8.6 billion

France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec have agreed to buy Petroleo Brasileiro SA's 90% stake in a natural gas pipeline unit for $8.6 billion.

Economists see growth slowing amid geopolitical uncertainty

The Texas Alliance of Energy Producers Annual Meeting and Expo was held this week in Irving, Texas, just northwest of Dallas. During the opening panel session, the Texas vs. national economies were examined.