FORT WORTH, Texas, April 17 Much of the new crude coming from the top U.S. shale field is so light that it is starting to affect pricing for the region's oil, producers attending an energy conference this week said.
HOUSTON, April 12 Chevron Corp's proposed $33-billion deal for Anadarko Petroleum Corp vaults the company into top ranks of the world's biggest oil companies and cements its chief executive, Mike Wirth, as a dealmaker.
Chevron Corp doubled down on its bet on surging U.S. oil and gas output on Friday, saying it would buy shale producer Anadarko Petroleum Corp for $33 billion in cash and stock that will make it the second-largest crude producer in the world. The combined company will produce an estimated 3.9 million barrels of oil equivalent per day (boepd), trailing only Exxon Mobil Corp among publicly traded companies, up from fourth. It expands Chevron's reach in two areas where U.S. energy output is breaking records: shale from the Permian Basin of west Texas and New Mexico, and liquefied natural gas (LNG). These have helped make the United States one of the world's largest energy exporters. | Video
HOUSTON Chevron Corp's proposed $33-billion deal for Anadarko Petroleum Corp vaults the company into top ranks of the world's biggest oil companies and cements its chief executive, Mike Wirth, as a dealmaker.
HOUSTON Chevron Corp's proposed $33-billion deal for Anadarko Petroleum Corp vaults the company into top ranks of the world's biggest oil companies and cements its chief executive, Mike Wirth, as a dealmaker.
HOUSTON, April 12 Chevron Corp's proposed $33-billion deal for Anadarko Petroleum Corp vaults the company into top ranks of the world's biggest oil companies and cements its chief executive, Mike Wirth, as a dealmaker.
HOUSTON Chevron Corp's proposed $33-billion (£25 billion) deal for Anadarko Petroleum vaults the company into top ranks of the world's biggest oil companies and cements its chief executive, Mike Wirth, as a dealmaker.
BOSTON/HOUSTON Chevron Corp will put a focus on human rights in Myanmar under an agreement with an investor group that had urged it to pay more attention to violence in the Asian nation where the U.S. oil company has operations.
HOUSTON Having slashed spending plans and run out of willing buyers for assets, some U.S. shale producers are turning to workforce cuts as investors step up demands for returns.
HOUSTON, April 2 U.S. shale producers last year again spent more money than they collected, extending a years-long streak of putting oil output above cash flow and investor returns, according to a Reuters analysis of top independent producers.
Islamic State claimed responsibility on Tuesday for the bomb attacks in Sri Lanka that killed 321 people in what officials believe was retaliation for assaults on mosques in New Zealand.