U.S. Oil & Gas Rig Count Falls As Brent Breaks $60
As Saudi’s comments regarding the OPEC extension send the Brent Crude benchmark over $60 in mid-day trading for the first time in more than two years, oil and gas rigs Continue Reading
More than half of Alaska’s oil reserve is up for bids
The U.S. Bureau of Land Management will be accepting oil exploration bids for more than half of the land on a Northern Alaska petroleum reserve that’s the size of Indiana. Continue Reading
Exxon, Chevron results linked to oil price, not cost cuts
Rising oil and natural gas prices boosted third-quarter profits at Exxon Mobil Corp and Chevron Corp by about 50 percent, underscoring how reliant they remain on commodity markets for their Continue Reading
Exxon’s third-quarter profit beats expectations despite Harvey dent
Exxon Mobil Corp ( XOM.N ), the world’s largest publicly traded oil producer, posted a higher-than-expected quarterly profit on Friday as higher crude and natural gas prices more than offset Continue Reading
Exxon earning and spending more
Exxon Mobil posts big quarterly gains, despite the revenue impact from Hurricane Harvey. Even though Hurricane Harvey had a $160 million impact on earnings, U.S. supermajor Exxon Mobil said third Continue Reading
US oil majors lose money on home oil and gas production
ExxonMobil and Chevron, the two largest US oil and gas groups, are continuing to lose money on oil and gas production in their home country, in spite of the rise Continue Reading
Disappointing Output Betrays Exxon, Chevron Profit Victories
Exxon Mobil Corp. and Chevron Corp. fell after reporting disappointing production for the third quarter that undercut outsized earnings results fed by climbing crude oil prices. Exxon churned out the Continue Reading
ExxonMobil’s output climbs as it plans to boost capex in 2018
Exxonmobil’s liquids and natural gas production climbed to nearly 3.88 million b/d of oil equivalent in the third quarter, up nearly 70,000 boe/d from the same quarter last year, the Continue Reading
Big Oil Sinks $1 Billion Into Climate Fund
The Oil and Gas Climate Initiative (OGCI)—the voluntary alliance of some of the biggest oil companies in the world— said on Friday that it had made its first three investments Continue Reading
From Russia With Love: A Super-Chilled Prize for China
CNPC will be first recipient of Arctic project’s fuel Chinese investment helped defray impact of U.S. sanctions Russia’s Yamal LNG , set to be the world’s biggest Arctic producer of Continue Reading