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Berkshire increases Occidental Petroleum stake to nearly 29%

Berkshire Hathaway, led by billionaire Warren Buffett, has raised its ownership in Occidental Petroleum to just under 29%, reported Reuters, …

UK’s oil output forecast could be surpassed with new investment, says lobby group

The UK oil sector could beat output forecast by 30% if the required investment is secured for exploration and development, …

US states sue government over forcing companies to pay for dismantling old equipment

Texas, Louisiana and Mississippi filed a lawsuit on Monday against the US Government to stop the Biden administration's proposed rule …

Colonial Pipeline owners weighing stake sale at valuation of over $10bn  

Some owners of Colonial Pipeline are exploring options to sell their shares, with expectations that the sale could value the …

Niger stops oil exports to China over Benin disagreement

Niger has stopped oil exports to China via its pipeline to Benin’s coast, Oil Minister Mahamane Moustapha Barke Bako said, …