News
Noble Energy to sell small stake in Tamar gas field
Noble Energy is selling off a 3 percent stake in the Tamar gas field off the coast of Israel for $369 million, freeing up cash to develop another large gas field in the Mediterranean as...
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Chevron, partners to plow $37 billion into Kazakhstan field
HOUSTON – Chevron Corp. and others have decided to plow $36.8 billion into the gigantic Tengiz oil field in Kazakhstan to pump more oil from a region that produced its first barrels more than two...
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Market Currents: Oil with a post-holiday hangover
As the oil market returns to full strength after the Independence Day break, crude prices are charging lower, egged on by a strengthening dollar (well, weakness elsewhere – pound, I’m looking at you). As economic...
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Crude prices resume rise
Oil rose, following the biggest quarterly gain since 2009, amid speculation policy makers will act to limit the fallout from the U.K.’s vote to leave the European Union. Futures climbed 1.4 percent in New York...
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BP expanding LNG plant in Indonesia
BP will move forward on a costly project in Indonesia that could annually turn natural gas into 3.8 million tons of liquid energy, the first major liquefied natural gas facility to get a green light...
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