A Joe Biden victory on Nov. 3 would have a sweeping impact on mergers and acquisitions as he sets his sights on a higher corporate tax rate, new regulation and increased antitrust scrutiny. SourceContinue Reading

The Philippines has removed a major hurdle in advancing oil exploration with Beijing in the South China Sea, its top diplomat said, but the two nations will have to navigate their overlapping claims in the area to reach a deal. SourceContinue Reading

When former Vice President Joe Biden slipped up in last week’s final presidential debate and admitted, “I would transition from the oil industry. Yes,” it created an instant firestorm in a number of states, where the industry has a significant presence. SourceContinue Reading

“The announcement by Equinor and partner BP Canada that oil has been in the Flemish Pass Basin is encouraging, at a time when encouraging news is needed for the Newfoundland and Labrador offshore oil and gas industry,” said Charlene Johnson, CEO of the Newfoundland and Labrador Oil and Gas Industries Association. SourceContinue Reading

“These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions,” the company said in a statement on Thursday. SourceContinue Reading

Royal Dutch Shell reported a larger-than-expected profit for the third quarter, lower net debt and strong cash flow, even as most of its divisions continued to be battered by the coronavirus. SourceContinue Reading

Germany and France, the European Union’s two biggest economies, will clamp down on movement for at least a month to try and curb Covid-19’s spread. There are already signs that road use in Europe is slumping, weighing on oil consumption. SourceContinue Reading

Investors will be paid 87 cents a share for the current quarter, matching the level of the last six periods, the Irving, Texas-based company said in a statement. SourceContinue Reading

In much of the industrialized world, an ever-growing number of vans, trucks, trains and ships are hauling everything from desks to smart phones as consumers turn to online shopping and companies re-stock their supply chains after months of disruption. SourceContinue Reading

The recovery in demand coupled with the retrenchment in the U.S. shale sector could lead to higher oil prices as soon as in the second half of 2021, according to one of the top bosses of the country’s largest pipeline company. SourceContinue Reading