Fracking Pioneer Harold Hamm to Take Continental Resources Private
Harold Hamm, the billionaire fracking pioneer, agreed to buy the shares of Continental Resources Inc. CLR 8.68% not owned by...
oil extraction
OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic
VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies on Wednesday agreed to slash two million barrels a...
Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
Exxon Mobil Corp. is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing...
Germany to Nationalize Ailing Uniper After Russian Natural-Gas Cuts
BERLIN—Germany will nationalize Uniper, UN01 -29.89% seeking to save the country’s largest gas importer that was hit hard by Russian...
Private Drillers Are Hitting Their Limits
Dozens of small drillers helped fuel a resurgence in the busiest U.S. oil patch over the past two years. But...
European Manufacturers Reel From Russian Gas Shutoff
European industry thrived for decades on a steady supply of cheap Russian gas, which flowed uninterrupted throughout the Cold War...
How a CEO Rescued a Big Bet on Big Oil; ‘There Were a Lot of Doubters’
Occidental Petroleum Corp. OXY 1.75% entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers....
European Governments, Companies Gird for Higher Prices After Russia Gas Cutoff
Companies and governments girded for higher energy prices and said they were continuing to prepare for emergency measures after Russia...
Russia to Keep Nord Stream Pipeline Shut, Citing Mechanical Problems
Russia indefinitely suspended natural gas flows to Europe via a key pipeline hours after the Group of Seven agreed to...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase...
Hilcorp, Exxon and Conoco Top Greenhouse Gas Emitters, Environmental Groups Say
Hilcorp Energy Co., Exxon Mobil Corp. , Conoco COP -4.96% Phillips and Occidental Petroleum Corp. OXY -3.13% are the U.S....
Manufacturers Brace for Nord Stream Repairs, Fearing Pipeline Won’t Reopen
PARIS—European manufacturers are preparing for possible natural-gas rationing that would force them to shut production amid fears that Russia is...
G-7 Bid to Cap Russian Oil Price Faces Hurdle of Global Enforcement
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U.S. Natural-Gas Exporter Completes First Deal With German Buyer
Venture Global LNG Inc. has struck the first binding deals by a U.S. natural-gas exporter to supply natural gas to...
Germany Steps Up Measures to Conserve Gas as Russia Slows Supply to Europe
BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step...
Chevron CEO Sees Russian Oil Output Falling After Exit of Western Firms
Russia is still finding a home for much of its oil despite expanding sanctions, but its production likely will diminish...
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers...
Biden Administration Resumes Oil Leases on Federal Land
WASHINGTON—The Biden administration announced lease sales for oil and gas drilling on federal land Friday, but said it would sharply...
Biden to Draw Down Oil Reserves in Bid to Ease Gas Prices
WASHINGTON—President Biden will tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel...
