Iraq has postponed its bidding session for 11 new blocks until April 25, Reuters reported. The bidding round was originally planned to take place on April 15, meaning that the auction will be delayed by 10 days. The o...
Some 16 companies, including Exxon, Chevron, and Total, have expressed interest in 11 Iraqi oil and gas fields, the bidding for which takes place on April 15th, Oil Price reported. Iraq, OPEC’s second biggest pr...
UK’s British Petroleum (BP) has agreed to a 20-year deal with Italian Eni to buy liquefied natural gas (LNG) from a big new field off the coast of Mozambique, an important step in getting a long-delayed project off th...
During a meeting with British Petroleum (BP), the Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are ...
Nigerian militants blew up a crude pipeline operated by Anglo-Dutch oil giant Shell in the south region of Odimodi community, in the Delta state, the Daily Mail reported. Local residents stated that the trunk, which i...
Venezuela is laying claim to massive oil and gas reserves recently discovered by Exxon Mobil off the coast of Guyana, reported the Chicago Tribune. The two South American countries have long been tied together as part...
Exxon Mobil Corporation has announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project offshor...
The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected. Rela...
Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique’s giant gas reserves, with Exxon Mobil and Qatar Petroleum [QATPE.UL] both showing interest, banking and industry sources sa...
Speaking to analysts in New York last month, Rex Tillerson, chief executive of ExxonMobil, stressed how the company’s great financial strength gave it options that were not available to most of its competitors. “We ma...