OPEC to Meet Amid Signs of Waning Influence on Oil Prices
Major producers, including Saudi Arabia and Russia, are set to gather virtually on Sunday. They are expected to maintain production cuts amid signs of a softening market.
Posted inConocoPhillips Marathon Oil Corporation Mergers, Acquisitions and Divestitures Oil (Petroleum) and Gasoline
ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal
The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to acquire smaller rivals.
Posted inChevron Corporation ConocoPhillips Devon Energy Corporation Endeavor Energy Resources LP Guyana Hess Corporation Houston (Tex) Institutional Shareholder Services Inc internal-storyline-no Marathon Oil Corporation Mergers, Acquisitions and Divestitures Oil (Petroleum) and Gasoline Pioneer Natural Resources Company
ConocoPhillips to Buy Marathon Oil as M.&A. Frenzy Continues
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign of slowing down.
Posted inAlternative and Renewable Energy Energy and Power Global Warming Greenhouse Gas Emissions internal-truncator Oil (Petroleum) and Gasoline Saudi Arabia Saudi Aramco Solar Energy
As Interest in Clean Energy Grows, Saudi Arabia Eyes a Future Beyond Oil
The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.