Bloomberg Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible. But the mood is shifting. While the ...

Bloomberg BHP Billiton Ltd. is aiming to complete its exit from the US onshore oil and gas sector within two years after settling on asset sales ahead of alternatives such as an initial public offering. “We’re determined to divest these businesses,” Chief Executive Officer Andrew Mackenzie said at an annual meeting in Melbourne. “We have concluded with our shareholders that ...

Bloomberg Mexico is speeding up a countrywide liberalization of fuel prices by a month in a bid to kick-start lagging private investment. Mexico’s energy regulatory commission, CRE, approved bringing forward an end to government-set pump prices in the southeastern zone comprised of Campeche, Quintana Roo and the Yucatan, known as region five, to November 30 from December 30. Mexico will ...