The Rebound Is Here: Megaprojects Back On The Table
Hey 2017 – get you. Straight out of the box and it’s delivered some prestantious news, in the form of a Wood Mackenzie report. We don’t know how you feel, Continue Reading
Leaner And Meaner: Oil Majors Capitalize On Higher Crude Prices
The recent recovery of oil prices couldn’t have come at a better time for the world’s top oil majors that have ridden the rough oil price crash with huge investment Continue Reading
Oil Major Shell Plans To Shrink As Oil Rebounds
Oil prices are rising and the industry is poised for a rebound, with U.S. shale spending set to soar in 2017. But for Royal Dutch Shell, this year will be Continue Reading
BP splashes out on deals to beef up oil, gas reserves
BP ( BP.L ) on Monday agreed to buy stakes in gas-heavy exploration areas off the coast of Mauritania and Senegal from Kosmos ( KOS.N ), days after announcing the Continue Reading
BP to Invest $1 Billion in Gas Field Off Coast of Northwest Africa
The deal also makes BP the operator of the project, giving the British oil giant… BP PLC will invest nearly $1 billion in a vast natural gas field off the Continue Reading
New Exxon boss caught in a T-Rex-sized dilemma
Darren Woods’ appointment as the new chief executive of ExxonMobil was one of the most predictable events of 2016, telegraphed when he was appointed the company’s president a year ago. Continue Reading
BP’s US Lower 48 Onshore Headquarters Moving to Denver
BP plc will be moving its U.S. Lower 48 onshore business headquarters from Houston to Denver, which the company believes will be an important energy hub of the future. “In Continue Reading
With Tillerson Tapped for Cabinet, Darren Woods Likely to Lead Exxon
President-elect Donald Trump’s selection of Rex Tillerson as his secretary of state may accelerate a planned leadership transition at Exxon Mobil Corp., placing a new chief executive atop the oil Continue Reading
After Alaska flop, Shell’s search for oil moves closer to home
In the waters off Malaysia, Royal Dutch Shell ( RDSa.L ) is finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost Continue Reading
Chevron Plans $19.8B Capital, Exploratory Budget for 2017
Some $11.6 billion of Chevron’s $19.8-billion capital spending plan will target international upstream projects. For a fourth consecutive year, Chevron Corp. will reduce spending in its capital budget, which is Continue Reading