U.S. Majors Cash In as Permian Dominance Widens the Oil Gap
Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of…
Big Oil’s Power Couple Heads to Guyana
Following the completion of Chevron’s acquisition of Hess Corporation, the U.S. supermajor will need to overcome a previously…
Justice Department Urges Dismissal Of Maryland Climate Lawsuits
Pam Bondi, US attorney general, center, and Todd Blanche, US deputy attorney general, during a news … More…
DOE authorizes Strategic Petroleum Reserve exchange to support Louisiana supply | Louisiana
(The Center Square) – The U.S. Department of Energy has authorized an emergency exchange from the Strategic Petroleum…
Exxon Mobil Borrows From SPR Due to Mars Crude Quality Issues
As Trump officials signal plans to refill the Strategic Petroleum Reserve (SPR)—drained under the Biden-Harris regime—a new report…
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…