Oil

Occidental Plans to Shed Assets

Occidental Petroleum plans to shed some of its assets and reduce its stake in Plains All-American Pipeline, taking its first steps as part of a strategic review.

Forest Oil Drops 5% on $1B Asset Sale

Forest Oil shares dropped on Friday after the producer of oil and natural gas announced a deal to sell its Texas Panhandle assets for $1 billion.

U.S. Posts Record Year for Oil Growth

BP's annual energy report is the latest to signal a shift in world energy markets as a result of the U.S. shale oil boom, as the nation recorded the world's largest increase in production last year.

GE’s Big Bet on the Oil Boom

The GE giant is investing billions of dollars in the shale oil boom, as it looks to improve hydraulic fracturing and increase its footprint in the services field.

S&P: Shale Oil Boom Has Far-Ranging Impact

The rapid increase in U.S. shale oil production, which is expected to give the nation energy self-sufficiency by the end of this decade, is having a far-ranging impact.