David Wethe

Recent high-profile deals allowing foreign drillers to tap Venezuela’s vast oil reserves have failed to quell lingering concerns about contract sanctity in a nation with a history of nationalization, said energy investment banker Dan Pickering.

(Bloomberg) -- Billionaire shale pioneer Harold Hamm's Continental Resources Inc. is set to announce a deal to invest in Venezuela as the Trump

(Bloomberg) -- Billionaire shale pioneer Harold Hamm's Continental Resources Inc. reached a deal for an oil field in Venezuela as the Trump administration pushes US companies to revive the nation's oil sector.

Billionaire shale pioneer Harold Hamm's Continental Resources Inc. agreed to explore for Venezuelan oil as the Trump administration pushes U.S. companies to revive the nation's crude sector.

Scott Sheffield, one of the earliest architects of the US shale oil boom, said he was “betrayed” by ExxonMobil Holdings Corp. after Chief Executive Officer Darren Woods failed to support him in a dispute with the Federal Trade Commission despite a promise to do so.

(Bloomberg) -- Scott Sheffield, one of the earliest architects of the US shale oil boom, said he was "betrayed" by ExxonMobil Holdings Corp. after

Oil bosses in the US are expressing frustration with their inability to plan for the future amid chaos and instability in global crude prices due to the war in Iran.

In a series of anonymous comments published Sept. 30 from a report released by the Federal Reserve Bank of Dallas, energy executives called out the wide swings in oil prices as the main source of their unease. Some of the people, who responded to a survey carried out by the bank, pointed fingers at the Trump administration.

Devon Energy Corp. agreed to sell its drilling portfolio in the Eagle Ford shale basin of South Texas to Crescent Energy Co., an oil producer backed by KKR & Co., for about $4.2 billion.

Just five months after buying Coterra Energy Inc. to create one of the world’s biggest shale producers, Devon Energy Corp. is under pressure from activist investors to offload key assets or sell itself. That’s fanning speculation about potential buyers.