Hess to exit Suriname exploration block after partners walk away over risks
Block 59’s sea depth ranges between 2,700 and 3,500 meters, Staatsolie said, and Hess’ former partners had left…
ExxonMobil’s new gas discovery springs into view offshore Cyprus
Two energy giants, U.S.-headquartered ExxonMobil and Qatar’s QatarEnergy, have made a new gas find off the coast of…
Exxon Mobil warns lower oil, gas prices could cut profit by over $1B
Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from…
Geopolitical Chaos Paves Way for ExxonMobil, Chevron, and ConocoPhillips to Capitalize
Oil prices paused their recent climb this week as tensions between Israel and Iran appear to be easing,…
Qatar in talks with energy firms over Israel-Iran conflict risks, sources say
Kaabi also met this week in Doha with ambassadors representing countries whose companies are involved in QatarEnergy’s North…
Why Big Oil Isn’t Afraid of Peak Oil Demand
Big Oil firms expect global oil demand to stop growing at some point early next decade. But the…
Local firms drive new growth phase in Nigeria’s oil sector
Following this trend, Renaissance Africa Energy — after acquiring Shell’s onshore assets, is committing to investing $15 billion…
Galp eyes 40 per cent oil output rise in Brazil with new field
“Once the FPSO reaches plateau over the next few years, Galp’s production in Brazil will increase by around…
U.S. Oil Giants Fight Over Guyana’s 11-Billion Barrel Treasure Trove
This week, a private arbitration panel in London began hearing the arguments of U.S. supermajors ExxonMobil and Chevron…
Kazakhstan Defies OPEC+ Once Again
Kazakhstan’s oil production rose 2% in May, defying yet another OPEC+ quota and testing the limits of Saudi…
ExxonMobil Continues to Prove It’s the Best-Run Company in the Oil Patch
ExxonMobil delivered industry-leading financial results in the first quarter. That empowered it to return an industry-leading amount of…
Lower profits at US oil giants amid fall in crude prices | Northwest & National News
US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid…