Bloomberg The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to generate enough cash to pay dividends and still have plenty left over. The big question ...

Bloomberg Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the plan. The Anglo-Dutch oil major is discussing selling oil mining licenses 11 and 17 to Heirs Holdings Ltd, a company run by Nigerian tycoon ...

Bloomberg Ares Management LLC is preparing to raise an energy and infrastructure investment fund with a $1 billion tar-get, according to people with knowledge of the matter. The investment firm co-founded by Chief Executive Officer Michael Arougheti has held preliminary talks with investors about raising Ares Energy Investors Fund VI, said the people, who asked not to be identified because ...