Exxon Mobil Corp. plans to spend about $20 billion on refineries, petrochemical plants and other projects in and around the Gulf of Mexico, Chief Executive Darren Woods said Monday, underscoring Continue Reading
ExxonMobil is expecting stronger production growth over the next few years as the world’s largest listed oil company steps up investment in its US shale reserves. Exxon projected its output Continue Reading
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and Continue Reading
British oil major BP ( BP.L ) lifted the outlook for its core oil and gas divisions on Tuesday, saying it would be able to balance its books with crude Continue Reading
BP Plc said it will need a crude price of about $40 a barrel in 2021 to cover spending and dividends, down from $60 this year, as Chief Executive Officer Continue Reading
No compatible source was found for this media. Citi’s Ed Morse Says OPEC Is Losing Its Clout Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as Continue Reading
Total SA CEO Calls U.S. Shale Oil Industry Dynamic OPEC and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global Continue Reading
The race for using high-performance computing in oil and gas reservoir simulation, management and development is on. Oil and gas supermajors are continuously pushing for higher efficiency and lower costs, Continue Reading
The giant tankers anchored along the Scottish coast in the Firth of Forth weren’t going anywhere. They were just providing floating storage because there was no demand for their cargo, Continue Reading
A new era of low crude prices and stricter regulations on climate change is pushing energy companies and resource-rich governments to confront the possibility that some fossil-fuel resources are likely Continue Reading
