ExxonMobil and Petrochina are in talks with the Iraqi government about possible solutions to boost crude production at the Nahran Oman and Artawi fields, said Iraqi Deputy Oil Minister, Fayyad Al-Nima.
Cypriot Energy Ministry, Georgios Lakkotrypis, has announced the names of six of the eight companies that had sent their expressions of interest for earning licenses for offshore hydrocarbon blocks in the country.
The Ibeno community of Akwa-Ibom state, a host to ExxonMobil, has given the oil major one week ultimatum to clean up the latest alleged oil spill from its facilities or face sanctions in the area.
A group of 44 US oil and gas drillers will need to cut their capital budgets by an additional 30% to balance their lowered income, according to an analysis by IHS Inc.
Iraq's state-run South Oil Co. (SOC) has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar Integrated South Project to boost infrastructure that will allow to increase output from its sma ...
US Congress has approved a deal to lift a 40-year-old ban on US crude export to allow domestic oil producers sell their production in the global market without restrictions
Shell's gigantic takeover of BG worth $83b (£55b), planned before the end 2015, is likely to secure clearances from the remaining Chinese and Australian regulators.