ConocoPhillips exits UK oil and gas production in huge $2.7 billion North Sea sale

ConocoPhillips exits UK oil and gas production in huge $2.7 billion North Sea sale

ConocoPhillips on Thursday announced it has struck an agreement to sell its U.K. oil and gas operations for nearly $2.7 billion, setting up its exit from the North Sea. The Houston-based driller will sell its ConocoPhillips United Kingdom...

Read more
Exxon Mobil Wins Three Exploration Blocks Offshore Argentina

Exxon Mobil Wins Three Exploration Blocks Offshore Argentina

U.S. OIL major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina. The three blocks will add about 2.6 million net acres to Exxon’s existing holdings in...

Read more
Chevron to buy Anadarko Petroleum in a $33 billion cash and stock deal

Chevron to buy Anadarko Petroleum in a $33 billion cash and stock deal

Chevron announced on Friday it will acquire oil and gas driller Anadarko Petroleum in a cash and stock deal valued at $33 billion, marking one of the biggest energy sector mergers in years and a transformative moment for one of the industry’s...

Read more
With Oil Prices Hitting a 5 month high,  Should Investors Consider Owning Oil and Gas Producing Wells in the US?

With Oil Prices Hitting a 5 month high, Should Investors Consider Owning Oil and Gas Producing Wells in the US?

With oil prices hitting a 5 month high due to US jobs numbers and the continued conflict in Libya, investments in the energy sector are something that savvy investors are paying attention to. Wright Drilling & Exploration, Inc. offers...

Read more
Carlyle to Buy up to $4.8 Billion Stake in Cepsa From Abu Dhabi’s Mubadala

Carlyle to Buy up to $4.8 Billion Stake in Cepsa From Abu Dhabi’s Mubadala

U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40 percent of Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as much as $4.8 billion. The transaction marks the successful end of a quest...

Read more
Oil prices hit 5-month highs, Brent settles above $70 on strong US jobs report and Libya conflict

Oil prices hit 5-month highs, Brent settles above $70 on strong US jobs report and Libya conflict

Oil prices rose more than 1 percent on Friday on bullish U.S. employment data that tempered fears about a decline in global crude demand and on expectations that an escalating conflict in Libya could tighten oil supplies. U.S. West Texas...

Read more
$6 billion private capital ready to invest in mining

$6 billion private capital ready to invest in mining

Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments. Fundraising by unlisted funds for investment in natural resources –...

Read more
Brent Approaches $70 as Oil Prices Rise for Fourth Day

Brent Approaches $70 as Oil Prices Rise for Fourth Day

Oil prices rose for a fourth day on Wednesday, with support from OPEC-led supply cuts and U.S. sanctions overshadowing an industry report showing an unexpected rise in U.S. inventories last week. Brent futures rose 35 cents, or 0.5 percent, to...

Read more
Commodities’ best quarter since 2016 is tough act to follow

Commodities’ best quarter since 2016 is tough act to follow

Commodities had their best quarter in almost three years, driven by supply concerns and optimism over demand. Investors, though, might not want to get too cocky. The outlook for demand is running into troubling signs in the U.S. and China, the...

Read more
Saudi Arabia May Keep May Crude Prices Little Changed

Saudi Arabia May Keep May Crude Prices Little Changed

Top oil exporter Saudi Arabia is expected to keep prices of various grades of crude it sells to Asia little changed in May from the previous month, trade sources said on Tuesday. State-owned Saudi Aramco may cut the official selling price (OSP)...

Read more
Commodity Prices, Investment Poised to Extend Upswing

Commodity Prices, Investment Poised to Extend Upswing

A rebound in commodities prices and investment is poised to extend in coming months as the sector gets its traditional boost during the final stages of the global economic cycle along with other drivers. While some investors worry about a...

Read more
Do NOT follow this link or you will be banned from the site!