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Marathon Petroleum to buy Andeavor for US$23.3 bln

Marathon Petroleum Corp. has announced that it has agreed to buy American rival Andeavor in a $23.3 billion deal that will create the biggest refiner in the U.S. with plus 3 million bpd capacity.

US Secretary of Energy meets with ADNOC

His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, met, today, with United States Secretary of Energy Rick Perry, who is leading the US delegation, participating in the US-UAE Strategic Energy Dialogue, taking place…

Asian investment set to return to US tight oil: Wood Mackenzie

Asian buyers spent US$20 billion on US unconventionals between 2010 and 2013, but deals have dried up since 2014. A report by Wood Mackenzie highlighted how the absence of major Asian companies from the US tight oil boom needs to change.

Leaner deepwater industry competing with US tight oil – Wood Mackenzie

A leaner and more cost-competitive deepwater industry is emerging from the downturn, with the most attractive projects now competing with US tight oil plays, according to a recent Wood Mackenzie report.

Emerson buys Paradigm for US$510 mln

Emerson has acquired Houston-based oil and gas software company, Paradigm, for US$510 million that expands its technology capabilities.

Bayou City Energy enters into a drilling JV in U.S.

Bayou City Energy (BCE) has entered into a Joint Development Agreement (JDA) with Chaparral Energy to invest US$100 million to drill 30 joint wells on Chaparral’s Stack acreage in the U.S.

Ex-Exxon Mobil CEO Tillerson confirmed as US secretary of state

The U.S. Senate confirmed Rex Tillerson as President Donald Trump's secretary of state on Wednesday, filling a key spot on the Republican's national security team despite concerns about the former Exxon Mobil Corp chief executive officer's ties to…

Apache makes big US play find

US independent player Apache Corp has made a significant new resource play in the southern portion of the Delaware Basin, with an early estimate of vast gas and oil resources.

Saudi Aramco signs $50 bln worth of U.S. deals in diversification push

Saudi Arabia’s state energy giant Saudi Aramco and U.S. signed business deals worth $50 billion on Saturday during a visit by U.S. President Donald Trump, as Riyadh seeks to develop its economy beyond oil.

Total establishes new petrochemical joint venture in the US

Total is entering a partnership with Borealis and Nova to form a joint venture with the aim of building a US$1.7 billion ethane steam cracker and a new Borstar polyethylene unit on the US Gulf Coast.