Investing Archives

LNG investments vanish in 2020 as coronavirus slashes oil and gas prices

By: Reuters – No new liquefied natural gas (LNG) export projects could be approved this year for the first time in at...

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China’s splurge on U.S., Brazilian crude oil is ending

By: Clyde Russell – Reuters – Much of the surge in China’s imports of crude oil in recent months has been provided...

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Why Warren Buffett is betting on energy pipelines

By: Nicole Dienst and Eric Rosenbaum – CNBC – With the coronavirus pandemic slashing demand for the oil and gas that has...

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Petronas Said to Show Interest in Buying Permian’s DoublePoint

By: Kevin Crowley – Bloomberg – Malaysia’s state-backed oil company Petroliam Nasional Bhd. has had preliminary talks about buying Permian Basin shale driller DoublePoint...

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Operator for Long Beach’s oil islands declares bankruptcy, keeps pumping

By: Harry Saltzgaver – Grunion Gazette – The company that operates Long Beach’s oil islands has filed bankruptcy in the face of...

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Marathon Petroleum sells Speedway to 7-Eleven owner for $21 billion

By: Reuters – Marathon Petroleum (MPC.N) has agreed to sell its Speedway gas stations in the United States to Japanese retail group...

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Apache Corp Reports Big Loss And Renewed International Focus

By: Scott Carpenter – Forbes – U.S. shale oil and gas producer Apache APA -1.4% Corporation has turned its focus to international investments after...