[ad_1] Updated Jan. 16, 2024 12:30 pm ET British oil major Shell suspended all shipments through the Red Sea after U.S. and U.K. strikes on Yemen’s Houthi rebels triggered fears…
Tag: Oil and Gas
Shell to Sell Nigeria Onshore Oil Business for Up to $2.4 Billion
[ad_1] Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit…
America’s Gas Bonanza Brings Biden New Political Dilemmas
[ad_1] The U.S. has become the world’s top exporter of liquefied natural gas. President Biden is finding that this superpower status comes with its own set of headaches. In the…
Chesapeake, Southwestern to Merge as New Gas Behemoth
[ad_1] Updated Jan. 11, 2024 10:20 am ET Chesapeake Energy and Southwestern Energy agreed to merge in an all-stock transaction valued at $7.4 billion that would create the largest natural-gas…
Iran Seizes Oil Tanker Linked to U.S. Sanctions Dispute
[ad_1] Updated Jan. 11, 2024 7:41 pm ET The Iranian Navy said it had seized an oil tanker off the coast of Oman that has been at the center of…
Blockbuster Natural-Gas Merger Is Almost Too Perfect
[ad_1] Jan. 11, 2024 12:04 pm ET Chesapeake Energy’s merger with Southwestern Energy would create the largest natural-gas-focused producer in the U.S. It also creates an investment story that is…
Chesapeake Energy, Southwestern Energy Sign Merger Agreement
[ad_1] Chesapeake Energy and Southwestern Energy have agreed to merge in an all stock-transaction valued at $7.4 billion that is aimed at creating a premier natural gas company. The companies…
U.S. Crude Oil, Products Stocks Rose in First Week of January
[ad_1] Jan. 10, 2024 11:03 am ET U.S. crude oil inventories rose unexpectedly last week, while stocks of gasoline and distillate fuels saw above-forecast builds and refineries reduced their capacity…
America Has Plenty of Natural Gas. So Why Is New England Left Out in the Cold?
[ad_1] Updated Jan. 9, 2024 1:10 pm ET America is the world’s largest natural-gas producer, but New Englanders’ capacity to stay warm in winter may hinge on the fate of…
Shell Flags Earnings Hit of Up to $4.5 Billion From Impairments
[ad_1] Updated Jan. 8, 2024 5:44 am ET Shell said its fourth-quarter earnings took a hit of between $2.5 billion and $4.5 billion in impairments that were offset by significantly…