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The new US Energy Secretary intends to keep federal research in his department strong and vibrant, he told employees on his first day on the job.

Royal Dutch Shell PLC has agreed to sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) to 10% from 60% in exchange for $7.25 billion.

Wood Group PLC has agreed to acquire the entire issued and to be issued share capital of fellow oil field services firm Amec Foster Wheeler PLC in a deal valued at $2.7 billion.

Eni SPA expects to report discoveries totaling 2-3 billion boe over the next 4 years, almost twice the amount in its previous 4-year plan, by drilling around 120 wells in more than 20 countries.

Oil stocks from countries in the Organization for Economic Cooperation and Development rose for the first time in 6 months by a sizable 48 million bbl to reach 3.03 billion bbl at the end of January due to near-record US crude stocks and gains in Europe.

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Lewis Co. EDA Director Cindy Whetsell: “At the most local levels, the Atlantic Coast Pipeline is good business for… https://t.co/1ZCTGMlTKH

RT @AnteroResources: More than $1B has been paid to West Virginia's local communities in taxes and more than 70,000 jobs have been created.…

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