Oilfield services provider Schlumberger Ltd. said Sunday it will acquire another major industry player, Smith International Inc., for about $11 billion in stock.
President Barack Obama announced more than $8 billion in federal loan guarantees for the construction of the first nuclear power plant in the U.S. in nearly three decades.
The French oil company Total SA on Monday made a move into the U.S. natural gas market with a $2.25 billion deal with Oklahoma's Chesapeake Energy Corp.
Oil prices tumbled Wednesday, weighed down by a drop on Wall Street, a stronger dollar and signs that China's energy needs might not be as robust as previously thought.
Iraq dubs its second postwar oil auction a triumph even as international companies largely snub the most violent regions in the Middle East's last major oil bonanza.
A total of 44 companies will make their pitch this week, vying for the 15 fields in Iraq ? the largest of the reserves located in Iraq's relatively calm Shiite-dominated south.
Saudi Arabia's oil minister said Saturday that current global oil prices are "perfect," as several key Arab OPEC members indicated the group was unlikely to change output levels.
Chevron says it pushed its way through a weak third quarter by pumping more oil out of the ground as prices recover from a severe plunge earlier in the year.
The head of the United Arab Emirates' central bank says the Gulf nation has no plans to stop pricing oil in dollars or tying its currency to the greenback.