[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…
Tag: Oil and Gas Upstream Operations
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…
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…
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…
WSJ News Exclusive | Southwestern, Chesapeake Near $17 Billion Merger
[ad_1] Southwestern Energy and Chesapeake Energy are close to a merger that would create a roughly $17 billion company ranking as one of the largest natural-gas producers in the U.S. …
APA to Buy Callon Petroleum in $4.5 Billion Deal
[ad_1] Updated Jan. 4, 2024 7:20 am ET Energy company APA has agreed to buy smaller peer Callon Petroleum in a stock-swap deal valued at about $4.5 billion including debt,…
Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets
[ad_1] Chevron said it will book $3.5 billion to $4 billion in charges for the fourth quarter, citing challenges tied to regulations in California and previously sold oil and gas…