THE torrent of dirty water coming out of almost every American oil well is the next big bet for a former fund manager for billionaire Paul Allen.

BHP Billiton, the world's largest miner, reported a surge in underlying full-year profits on Tuesday and said that it would exit its underperforming US shale oil and gas business, pleasing...

[LONDON] Opec won't clear the global oil glut any time soon since any increase in price continues to bolster rival production from US shale, according to the International Energy Agency...

COMMENTARY

YOU wait decades for an existential crisis, then two come along at once. At least that's how it must feel for Opec's beleaguered ministers. In the short term the market for their oil is...

OIL short-sellers have been on a roll, but their bets on declining prices may have begun to hit a wall.

A GALLON of gasoline that allows a driver on the US East Coast to travel about 40 kilometres has already navigated thousands of kilometres from an oil field to one of the world's largest fuel...

AFTER helping to give birth to the US shale boom a decade ago, Mark Papa is starting over at age 70 with a new US$3.6 billion oil explorer he built from scrap amid the worst market crash in a...

A YEAR ago, it cost the family-owned Kirkwood Oil & Gas LLC a relative pittance to secure drilling rights in the Powder River Basin, the lonely, scrubby corner of north-east Wyoming known mostly...

BHP Billiton Ltd is assuring shareholders that it's exploring numerous options for its contentious US shale unit amid pressure from activist investor Elliott Management Corp to carry out a wider...

WALL Street banks' growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices...