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Money

Pioneer Natural CEO calls on investors to divest in companies with high flaring

headline
HOUSTON (HeadlineNews) – The chief executive of Pioneer Natural Resources, Scott Sheffield, on Thursday called on energy investors to sell shares or pull funding from
Business

China flexes oil refining muscle, upping pain for Asian rivals

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SINGAPORE/BEIJING (HeadlineNews) – China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers
World

Eastern Libyan protesters enter Zueitina oil port, announce its closure

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BENGHAZI, Libya (HeadlineNews) – Protesters in eastern Libya entered the Zueitina oil terminal on Friday and announced its closure in response to calls by tribal
Money

Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data

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NEW YORK (HeadlineNews) – Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them
Tech

SK Innovation plans second EV battery plant in U.S., expansion in Hungary

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LAS VEGAS (HeadlineNews) – South Korea’s SK Innovation Co Ltd plans to build a second electric vehicle (EV) battery plant in the United States and
Business

Aramco tops Saudi Crown Prince’s $2 trillion target despite doubts

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DUBAI/RIYADH (HeadlineNews) – Saudi Aramco (2222.SE) topped the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as the state-owned
US News

Residents flee fourth major Texas petrochemical fire this year

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PORT NECHES, Texas (HeadlineNews) – Three workers were injured and residents of four towns were told to evacuate after explosions on Wednesday at a Texas
Business

Big U.S. liquefied natgas players move fast; smaller ones try to keep up

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NEW YORK/LONDON (HeadlineNews) – A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp (XOM.N)

BP profit outstrips forecasts, lifted by higher oil output

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LONDON (HeadlineNews) – A strong increase in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to beat second-quarter profit

Britain begins escorting all UK vessels through Hormuz Strait

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LONDON (HeadlineNews) – Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on

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