Drilling Down: Drilling permit activity slows down amid record low oil prices
Drilling permit activity is slowing across Texas as oil prices crash to near $20 per barrel.
ExxonMobil
Militants seize town near Mozambique LNG
A town in northern Mozambique near major LNG construction works has been seized by Islamist militants, according to local reports.
Big Oil’s big crisis: Saving sacred dividends from collapse
To understand the crisis engulfing the world’s largest oil companies, just look at their dividend yields.
ExxonMobil to ‘significantly reduce spending’
ExxonMobil said today it would "significantly reduce spending" as a result of market conditions caused by the Covid-19 pandemic and commodity price decreases.
Sonatrach, Chevron sign MoU
Sonatrach has signed a memorandum of understanding (MoU) with Chevron, the Algerian company said.
Aramco sticks to $75bn dividend pledge despite oil price drop
Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year.
Petronas joins Exxon in seeking exit from Chad project
Petronas is considering selling its stake in a joint project in Chad with ExxonMobil, according to people familiar with the matter.
Supply booms, demand languishes: all are punished
Oil price falls below $40 per barrel spell problems throughout the industry, with companies and countries alike facing tough times.
US oil majors are snubbing climate-conscious rivals in Europe
Don’t count on America’s oil giants to join their rivals across the pond in ambitious efforts to cut carbon dioxide emissions.
Exxon slams brakes on Permian after virus hammers oil
Exxon Mobil Corp. is slowing the pace of its flagship shale project in the Permian Basin, one of the first signs that the oil majors are throttling back on production in response to the recent slump in prices.
Exxon puts out methane policy in hopes that regulators will adopt it
Exxon Mobil released its internal policy on methane emissions Tuesday, urging governments to use it as model for industrywide methane regulation.
Mossmorran walkout by staff resolved thanks to ‘positive discussions’, unions claim
A walkout of more than 100 workers yesterday at ExxonMobil's Mossmorran plant in Fife has been resolved today after "positive discussions", according to trade unions.
Workers stage ‘unofficial’ walk out from Mossmorran chemical plant
More than 100 workers staged an unofficial walkout at the controversial Mossmorran chemical plant in Fife yesterday.
Exxon bosses apologise following ‘intense’ flaring at Mossmorran plant
Bosses at ExxonMobil have apologised after "intense flaring" at a Fife chemical plant sparked alarm in the community.
All eyes on Exxon, Chevron after BP pledges to be carbon neutral
BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.
Massive Exxon refinery fire poses new threat to oil demand
A fire broke out early Wednesday at Exxon Mobil's Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the US.
PNG plays hardball with ExxonMobil over LNG expansion
ExxonMobil’s PNG LNG expansion project risks being delayed several years after the government of Papua New Guinea rejected the US major’s proposed terms for the P’nyang field development.
Violence on the rise in Mozambique’s gas-rich north
The insurgency in northern Mozambique is becoming more dangerous, causing alarm for the two major gas projects in the area. There is little sign of improvement.
CGG’s Zambezi data offers a jumpstart to explorers
Data shot by CGG in a 15,400 square km seismic survey offshore Mozambique, in the Zambezi Delta, is now ready for licensing.
Sonangol tees up share sale
Angola intends to privatise 30% in state-owned Sonangol, in a bid to raise money and increase the company’s competitive edge.
Exxon Mobil’s profit tumbled 30% in 2019, 5% in final quarter
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.
Subsea 7, Modec among deal winners for Equinor project in Brazil
Equinor has dished out feed contracts for phase one of the Bacalhau (formerly Carcara) area in Brazil.
European oil firms leaving US counterparts behind in energy transition race, CMS report says
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
ExxonMobil increases Guyana estimates by two billion barrels, makes another discovery
ExxonMobil has increased its estimated recoverable resources in Guyana by two billion barrels after a hot streak of discoveries at the prolific Stabroek block.
ExxonMobil aims to keep dominant status in Texas shale
The oil major Exxon Mobil is not planning to give up its status as the top driller in Texas.