Oil & Gas

The oil majors who adapted to the price crash


When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most -- burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest struggled to adapt to the fall in energy prices.


Chevron said to be in for Texas refinery


Chevron agreed to buy a refinery in Pasadena, Texas, to process more of its West Texas crude, two sources familiar with the negotiations told Reuters Monday.


Watch: Inside one of the world’s largest oil platforms


Have a look inside one of the world’s largest offshore oil platforms, the Hebron. Suncor Energy has shared footage of the inner workings of the giant ExxonMobile-operated structure. Located off the coast of Newfoundland and Labrador, the Hebron project is shared by Exxon, Chevron, Suncor Energy, Equinor and Nalcor Energy.  


Shell ‘in talks’ to buy Endeavor Energy in cut-price deal


Royal Dutch Shell is in negotiations to buy Endeavor Energy Resources LP for about $8 billion, according to people familiar with the matter, or roughly half as much as the Texas oil producer was expected to fetch when it put itself on the block this year.