News Desk

Australia’s New South Wales state approved plans by a Japanese-backed consortium to build a A$250 million ($176 million) liquefied natural gas import terminal at Port Kembla, looking to cut gas prices and avert a supply shortage.The Port Kembla project is the first of five proposed LNG import...






Anadarko Petroleum Corp, the US oil and gas exploration and production company that agreed this month to sell itself to Chevron Corp for $33 billion, decided to begin negotiations to sell itself to Occidental Petroleum Corp instead, according to people familiar with the matter.The bidding war for...






ExxonMobil Corp and Chevron Corp reported lower profits, citing lower margins and refining weaknesses, areas that have plagued the two oil companies off and on for more than a year.Exxon posted the first loss in its refining business since 2009, citing the worst refining margins on gasoline and...






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