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Forecasts show that demand for oil is reaching its peak, so why are US supermajors doubling down?
Scott Sheffield built the oil company into the biggest producer in Texas
Purchase of Pioneer Natural Resources boosts US group’s Permian Basin inventory as fossil fuel debate heats up
Acquisition is biggest for the supermajor in decades and expected to herald wave of consolidation
Oil major’s possible takeover of $56bn independent driller ‘puts large companies into play’
Potential deal would be oil supermajor’s biggest for almost a quarter of a century
One of the industry’s longest-tenured leaders says he is ready for a ‘second retirement’
Producer ‘optimistic we’ll see $100 a barrel’ shuns insurance despite market wobbles
Warning that the balance of supply and demand is ‘on a razor’
Companies boost capital spending to maintain output in ‘challenging environment’
Harold Hamm’s move could enable oil group to fire up drilling rigs to capitalise on surging prices
Pioneer’s Scott Sheffield warns crude could hit $200 in event of western energy embargo
‘They have not called me,’ says head of leading Permian producer Pioneer Natural Resources
Scott Sheffield says ‘it’s really under Opec control’ after crude reaches $80 a barrel
Stricken operators launch ‘last gasp’ efforts to boost cash flow and attract buyers
Shale industry operators in Permian Basin continue to consolidate after price crash
Second big deal in the US shale patch this week suggests pace of consolidation is picking up
All-stock deal for Parsley Energy would create $10bn company as sector consolidation gathers pace
Unlike shareholders, management teams of shale oil companies have made money
Investment strategy gains are over-reliant on one sector, reflecting little broader shift
Markets, not politics, drive energy sector’s push to cut greenhouse gas emissions
Number of drilled but uncompleted wells rises sharply
Investors piled into the sector in 2016, now they are getting burnt
Biggest risk for sector is increased output causing new crude price crash
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