Edition:
United Kingdom

Gary McWilliams

Exclusive: First Petrobras employee flips in Brazil commodity traders probe

04 Feb 2020

RIO DE JANEIRO/HOUSTON A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world's top commodity trading houses.

EXCLUSIVE-First Petrobras employee flips in Brazil commodity traders probe

04 Feb 2020

RIO DE JANEIRO/HOUSTON, Feb 4 A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world's top commodity trading houses.

Chevron swings to large loss on $10 billion in charges, shares sink

31 Jan 2020

HOUSTON Chevron Corp swung to a large fourth-quarter loss on weaker oil and gas prices and $10.4 billion in charges as it stepped up efforts to cull unprofitable assets, and shares of the No. 2 U.S. oil producer tumbled 3% in early trading.

Callon Petroleum slashes Carrizo bid, hoping to save shale merger

14 Nov 2019

HOUSTON U.S. shale producer Callon Petroleum on Thursday sharply cut its offer for rival Carrizo Oil & Gas postponed a shareholder vote in a last ditch effort to win support for the deal.

CORRECTED-UPDATE 2-Callon Petroleum cuts Carrizo offer in bid to save shale deal

14 Nov 2019

HOUSTON, Nov 14 U.S. shale producer Callon Petroleum on Thursday cut its buyout offer for rival Carrizo Oil & Gas and postponed a shareholder vote in a last ditch effort to win support for the deal.

Restart of idled St. Croix oil refinery set for early 2020 after delay

07 Nov 2019

A $1.6 billion plan to refurbish a long-idled Caribbean oil refinery is about 75% complete and could begin delivering fuel supplies early next year, company and government officials said this week.

UBS, Simmons Energy pare bankers as shale M&A slows: sources

21 Oct 2019

NEW YORK/HOUSTON UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up.

Jefferies cuts energy bankers as M&A slowdown takes toll: sources

27 Sep 2019

HOUSTON/NEW YORK Jefferies Financial Group has laid off 15 people in its energy investment banking team, as the bank reacts to a slowdown of mergers and acquisitions activity among oil and gas companies, sources familiar with the matter said on Friday.

Oil slides as U.S., China add more tariffs in trade war

02 Sep 2019

HOUSTON Oil prices weakened on Monday after new import tariffs imposed by the United States and China came into force, raising concerns about a further hit to global economic growth and demand for crude.

World News