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Corporate News 27 Mar 2017 | 7:32 AM

Shell and Anadarko mull clean break from Permian venture

LONDON: Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.

Business 09 Mar 2017 | 12:00 AM

Oil to hit US$40 if Opec fails to expand cuts, Pioneer says

HOUSTON: Oil prices will tumble to US$40 a barrel if Organisation of Petroleum Exporting Countries (Opec) doesn’t extend its pact later this year to cut output, according to one of the most prominent producers in the shale patch.