The oil company said it would buy CrownRock, a smaller producer, for $12 billion just weeks after Exxon Mobil and Chevron announced acquisitions.
Category: Natural Gas
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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Surging U.S. Oil Production Brings Down Prices and Raises Climate Fears
American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
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Natural Gas Prices Rise on Israel Concerns and Finland Pipeline Leak
Europe has largely disconnected from Russian gas supplies but remains heavily dependent on imported fuel, exposing it to unexpected disruptions.
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Exxon Acquires Pioneer Natural Resources for $60 Billion
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.
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Chevron Shuts Down Natural Gas Platform Near Gaza Strip
The U.S. energy company temporarily closed operations at its Tamar natural gas field, which is about 12 miles from the Gaza Strip, at Israel’s request.
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Israel-Gaza Conflict Could Slow Natural Gas Investment in Area
The fighting could hurt ambitions of Israel and the wider region, which have received a lift from Chevron to become a hub for exporting natural gas to Europe and elsewhere.
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Chocolate Maker Did Not Evacuate Workers Before Deadly Blast, OSHA Says
A chocolate maker faces more than $44,400 in penalties for violations connected to an explosion that killed seven people at a Pennsylvania factory in March, regulators said.
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Australian Workers at Three Energy Plants Halt Work
The labor action at liquefied natural gas plants, responsible for about 6 percent of the world’s supply of the fuel, came as talks over pay and work conditions stalled.
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Incandescent Bulb Ban Renews a Squabble Over the American Home
A ban on most kinds of traditional bulbs renews a cultural squabble between regulatory efforts to curb energy consumption and the very American impulse to do whatever one wants in one’s domicile.
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BP Reports Sharply Lower Earnings as Oil Prices Slide
The energy company offset a slide in profit by raising its dividend by 10 percent.