For many years Exxon Mobil Corp. had a frosty relationship with Wall Street, giving terse presentations and shutting down impertinent questions. Chief executives from Lee Raymond to Rex Tillerson didn’t participate in quarterly earnings calls, leaving many analysts frustrated.
Exxon Mobil is seeking to maintain its top spot in the world of Big Oil by hiking spending and aiming to churn out increasingly higher volumes of oil and gas with a strong emphasis in West Texas and South America.
The nation's two largest oil companies said Tuesday they plan to significantly hike their activity in West Texas' Permian Basin and dominate the region, spending even more money while others cut back.
Canada energy firm Encana said it will cut 274 jobs in The Woodlands after acquiring Newfield Exploration for $5.5 billion in an all-stock deal.
The total number of oil and gas rigs in the U.S. fell by nine last week, data from Baker Hughes, an oilfield services company, reported.
Struggling oilfield service company Weatherford International has closed on the third of four deals to sell its drilling rigs in the Middle East and North Africa.
The president of a Miami-based company and its former sales representative were arrested Monday for their alleged roles to unlawfully obtain business advantages through bribery and kickbacks from Venezuela's state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA).
The attention of the energy industry has focused in recent years on the Permian Basin, the once tired West Texas oil field that roared back to life when hydraulic fracturing and horizontal drilling freed the vast reserves locked in its shale. But as the Permian gathers the attention, another aging oil field is making its own comeback.
Production has started at BP’s Angelin development offshore Trinidad and Tobago.
EOG Resources saw its quarterly revenues spike by more than one-third as the Houston oil and gas producer reported an $893 million profit for the fourth quarter, falling a bit shy of analysts' expectations.
Exxon Mobil said it will deploy technology from Microsoft to make its massive Permian Basin development the largest oil and gas acreage in the world to use cloud computing technology.
The nation's tally of rigs drilling for oil and gas dipped by four from last week with rigs being removed from Oklahoma and the Gulf of Mexico.
Jeffrey K. Skilling, the former Enron CEO who spent the past 12 years in prison for his role in masterminding one of most notorious corporate fraud cases in history, was released from federal custody on Thursday, the Bureau of Prisons said.
Aberdeen-headquartered Stena Drilling has been booked for an exploration well on the Orinduik block offshore Guyana.
The energy services company Schlumberger is partnering with the Milwaukee firm Rockwell Automation to form a new company in Houston to sell equipment and services to advance digital technology and automation in the oilfield.
Aberdeen will be officially twinned next month with a country that has one of world's fastest-growing oil and gas industries.
Investigators have found “complacency and fatigue”contributed to the death of an offshore worker in the Gulf of Mexico.
Developers of two separate pipeline projects have combined forces to move crude oil from the Permian Basin of West Texas to multiple destinations along the Houston Ship Channel.
A California company is seeking to build a $1 billion refinery that will make gasoline and diesel near the Permian Basin town of Kermit.
To his friends, Rodrigo Berkowitz lived within his means in a rented house in the suburbs of Houston.
It is a well-proven maxim that discovering oil can be more of a curse than a blessing and nowhere on the face of the Earth offers better testimony to that than Venezuela, now in the throes of political upheaval.
US oil giant ExxonMobil has announced two further oil well discoveries offshore Guyana.
Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years.
Chevron agreed to buy a refinery in Pasadena, Texas, to process more of its West Texas crude, two sources familiar with the negotiations told Reuters Monday.
Laden with 400,000 barrels of Venezuelan oil, the Icaro sits in the azure waters of the Caribbean just off the Dutch island of Curacao. It’s been there more than a month, and it’s not going anywhere until state-owned oil company PDVSA pays its bills.