After reporting a $5 billion loss, Malaysian national oil company (NOC) Petronas is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation.
Oil majors may be "pushed" to sell or swap more than $100billion of assets due to the energy transition, according to Rystad Energy.
ExxonMobil's UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the US oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.
Mubadala Petroleum has put its Southeast Asia portfolio up for sale for $2 billion. The Abu Dhabi-based company will be following in the footsteps of ExxonMobil, Chevron, Shell, Murphy Oil, Hess, Repsol and Eni, all of which are looking to sell assets in the Asia region.
Eni’s recent gas discovery offshore Vietnam puts further pressure on ExxonMobil to reduce the value of its Blue Whale project as the U.S. major hunts buyers for what could be the country’s largest-ever gas development.
ExxonMobil has announced another oil discovery off the coast of drilling hotspot Guyana, at its Redtail well.
Production from Shell's Fram gas and condensate field in the UK central North Sea has started up.
Should the government stump up some of the cash it was going to pay out for decommissioning ahead of time, in order to get the ball rolling? Decom North Sea thinks so, although other opinions are available. At a time when the national debt is hitting record levels, and a number of sectors are calling for help, the government may not want to help out the oil and gas industry.
The COVID-19 pandemic has triggered one of the most volatile periods on record for energy markets, not least within the LNG industry.
Total has spudded the Luiperd-1X well, offshore South Africa, as ExxonMobil has confirmed its exit from the state.
Ed triumphantly returned from his semiaquatic sojourn in Somerset to join Mark and Allister for another ear-captivating edition of Energy Voice Out Loud, in association with the EIC.
Oil edged lower -- but was still headed for a fourth weekly gain -- after Hurricane Laura swept through Louisiana and Texas without appearing to inflict major damage on the region’s energy infrastructure.
Orkney council and port chiefs are placing Scapa Flow at the heart of a bold £230 million harbour infrastructure masterplan that “embraces” decarbonisation.
ExxonMobil will be turfed out of the Dow Jones Industrial Average (DJIA) as of August 30, replaced by Salesforce.com, a cloud computing company.
BHP Group says it’s getting rid of thermal coal mines to help prepare for a lower-emissions future, yet the company’s still counting on fossil fuels to drive its business for another decade.
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.
Norwegian energy services firm Aker Solutions has clinched a five-year contract extension from ExxonMobil to provide a range of services on the Hebron platform, offshore Newfoundland.
Mossmorran is facing an eight-month delay to noise reduction improvements as ExxonMobil seeks to hold off on the £140million programme.
Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays.
For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are set to post a quarterly loss.
Eni SpA is looking to sell assets in Norway and the Republic of Congo as oil’s slump prompts companies across the industry to rein in spending, according to people with knowledge of the matter.
Ocean Infinity, the world-leading marine robotics company, is pleased to announce it has successfully completed its recent project for ExxonMobil, within the Stabroek block offshore Guyana.
Saudi Aramco has joined with European and U.S. supermajors representing a third of the world’s oil industry to begin curbing emissions at their own operations as the clamor builds for the biggest polluters to act on climate impact.
Saudi Aramco’s experience may offer a cautionary tale to other investors considering multi-billion-dollar refining partnerships with Indonesian NOC Pertamina