Western oil companies are now in the direct line of fire.

BLM says National Petroleum Reserve-Alaska lease sale was strongest ever held for drilling rights in the region ...

PARIS/LONDON -The five biggest global oil majors are moving to cut costs, jobs and share buybacks as falling oil prices threaten to make shareholder payouts unsustainable without increasing debt, ...

Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Takeover rumours in the London market don’t come with a more spectacular veneer than ...

Venezuela needs to "completely rewire" ​its fiscal system to attract new ‌investment, ConocoPhillips CEO Ryan Lance said on Tuesday at the CERAWeek conference in Houston, ​underscoring the challenges ...

Shell plc SHEL and Exxon Mobil Corporation XOM have called off their planned sale of U.K. North Sea natural gas assets to Viaro Energy, ending months of negotiations and regulatory engagement. The ...

Shell (SHEL) and Exxon Mobil (XOM) said Wednesday they will not move forward with a sale of natural gas assets in the U.K. North Sea to Viaro Energy. "Despite a constructive process, completion ...