Bloomberg The Philippines lowered its alert on the Taal volcano south of the capital amid weaker eruptions and earthquakes that in the past weeks had spewed ash and molten rock, causing hundreds of thousands to flee their homes. The alert was reduced to 3 from 4 out of a 5 rating-scale, the Philippine Institute of Volcanology and Seismology said on ...

Bloomberg Exxon Mobil Corp plans to start gauging buyer interest in its UK and German upstream operations in the coming weeks as the oil major continues to divest overseas assets, people with knowledge of the matter said. The energy giant aims to start a sale process for its UK North Sea assets imminently, according to the people. It would then ...

Bloomberg EnCap Investments LP plans to use a $6 billion war chest to drill oil and natural gas wells, now that dwindling investor interest has made it tougher for private equity players to offload shale assets. The energy-focussed firm sees “robust drilling economics” in many parts of the US and is running 23 rigs across its portfolio companies, according to ...