Articles for Oil Deal

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise
6 months, 3 weeks ago

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise

Associated Press  

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits. As part of the ConocoPhillips transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own, the companies said Wednesday. “This acquisition of …

Stock Billion Pioneer Exxon Conocophillips Marathon Oil Oil Deal
Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board
7 months, 3 weeks ago

Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board

Associated Press  

WASHINGTON — Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources on Thursday received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s board of directors. “Through public statements, text messages, in-person meetings, WhatsApp conversations and other communications while at Pioneer, Sheffield sought to align oil production across the …

Ftc Pioneer Sheffield Exxon Opec Mobil
Occidental buying CrownRock in cash-and-stock deal valued at about $12 billion
1 year ago

Occidental buying CrownRock in cash-and-stock deal valued at about $12 billion

Associated Press  

Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion. The U.S. Department of Energy’s Energy Information Administration reported that American oil production in the first week of October hit 13.2 million barrels per day, passing the previous record set in 2020 by 100,000 barrels. In October Exxon Mobil announced that it was …

Oil Texas Deal Exxon Chevron Hess Occidental
US eases Venezuela oil sanctions after gov’t, opposition ink deal
2 years ago

US eases Venezuela oil sanctions after gov’t, opposition ink deal

Al Jazeera  

The easing of sanctions comes after the Venezuelan government and the opposition signed an accord to set up a UN-mandated fund. The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed a broad ‘social accord’ to create a UN-administered fund to provide humanitarian aid to the Venezuelan people. The …

Sanctions Opposition Venezuela Biden Venezuelan Maduro
Jerry Brown was surprised — and thrilled — by Joe Manchin’s climate deal
2 years, 4 months ago

Jerry Brown was surprised — and thrilled — by Joe Manchin’s climate deal

LA Times  

This is the Aug. 4, 2022, edition of Boiling Point, a weekly newsletter about climate change and the environment in California and the American West. A top climate and conservation official at California’s State Water Resources Control Board just resigned — and he’s got some searing criticisms of Gov. WATER IN THE WEST Arizona golf courses use way more water …

Energy Climate Change China Clean Energy Climate Oil Congress
EU clinches US LNG deal in bid to curb reliance on Russian gas
2 years, 9 months ago

EU clinches US LNG deal in bid to curb reliance on Russian gas

Al Jazeera  

The European Union and United States are set to unveil a deal on Friday to supply Europe with more US liquefied natural gas, sources told the Reuters news agency, as the European bloc seeks to quickly curb its reliance on Russian fossil fuels. The invasion of Ukraine by Russia, Europe’s top gas supplier, pushed already-high energy prices to records and …

Energy Europe Supply Gas Russian Lng European