North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
Exxon Mobil Corp.’s impending writedown of natural gas fields rounds out a record year for Big Oil chargeoffs stemming from misplaced optimism on the future of fossil fuels.
BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion, moving closer to clearing operating expense arrears owed since 2010.
US oil and gas majors are lagging significantly behind their European counterparts in adapting to the energy transition, according to a new report.
Scores of oil and gas representatives met virtually yesterday to discuss the opportunities available to supply chain companies in post-election Guyana.
Turkey has dispatched a drilling ship to an area off the southwestern coast of Cyprus, in a move that could fuel territorial disputes with EU member states in the eastern Mediterranean.
Environmental activists claim to have found a methane leak in the North Sea that was caused a “blow-out” during drilling operations 30 years ago.
The Shell UK plant at Mossmorran has returned to normal operations following Tuesday’s severe weather but flaring is understood to be continuing at neighbouring ExxonMobil.
Aberdeen-headquartered Stena Drilling is expected to commence operations off the coast of Guyana “imminently” after its vessel arrived on location.
US supermajor ExxonMobil is gearing up to restart the sale of its UK North Sea business, a news report said.
Exxon Mobil Corp.’s partner on a Papua New Guinea gas project that’s threatened by failed talks with the government hit back at the state’s position on Monday, saying its terms were uneconomical.
Exxon Mobil recorded a $5.7 billion profit in the fourth quarter, off 5 percent from a year earlier because of weaker sales and pricing in its petrochemical and refining divisions.
It’s almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.
Exxon Mobil Corp. plans to start gauging buyer interest in its U.K. 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 Dutch government has said it expects to stop extracting gas from a vast underground field in the country's north by mid-2022, ending decades of lucrative drilling.
A trio of offshore discoveries made by Exxon Mobil has set 2019 up to be the biggest year for new finds since the last oil price collapse in 2014.
The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers.
The growth of the Gulf Coast’s liquefied natural gas industry is set to accelerate in 2019 as at least three major projects are expected to get the go-ahead from developers.
ExxonMobil Corp. is targeting western and southern Africa for the world’s next big oil bonanza as the explorer scours the globe to repeat its success in Guyana.
Exxon Mobil Corp. told a judge that New York’s attorney general should either sue the company for misleading investors about the financial impact of climate change, or close its probe and move on.
A new report shows ExxonMobil is leading other supermajors in terms of remaining oil reserves worldwide.
Exxon Mobil Corp. is courting refiners with rare long-term U.S. crude export deals, according to people familiar with the matter, as the company expands its trading scope.
Energy giant Equinor has won additional blocks within the prolific Campos and Santos basins in the 4th production bidding round in Brazil.
ExxonMobil has bought half of Equinor’s interest in the BM-S-8 block offshore Brazil, which contains part of the 2-billion-barrel, pre-salt Carcara oil field.