More assets are expected to hit the market across Asia Pacific this year following the sustained drop in global oil prices and the COVID-19 pandemic, which has destroyed energy demand growth as economic activity contracts.
Rivers State has arrested 22 ExxonMobil employees for violating quarantine by entering the area from Akwa Ibom.
Companies operating in Angola have reported a production decrease of 18.7% from 2017 to 2019.
ExxonMobil’s decision to slash capital expenditure this year by 30% has pushed back a final investment decision (FID) on the Rovuma LNG project, in Mozambique.
Dubai Petroleum is ending its second rig contract with Shelf Drilling, which had been working in the United Arab Emirates.
Drilling permit activity is slowing across Texas as oil prices crash to near $20 per barrel.
A town in northern Mozambique near major LNG construction works has been seized by Islamist militants, according to local reports.
To understand the crisis engulfing the world’s largest oil companies, just look at their dividend yields.
ExxonMobil said today it would "significantly reduce spending" as a result of market conditions caused by the Covid-19 pandemic and commodity price decreases.
Sonatrach has signed a memorandum of understanding (MoU) with Chevron, the Algerian company said.
Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year.
Petronas is considering selling its stake in a joint project in Chad with ExxonMobil, according to people familiar with the matter.
Oil price falls below $40 per barrel spell problems throughout the industry, with companies and countries alike facing tough times.
Don’t count on America’s oil giants to join their rivals across the pond in ambitious efforts to cut carbon dioxide emissions.
Exxon Mobil Corp. is slowing the pace of its flagship shale project in the Permian Basin, one of the first signs that the oil majors are throttling back on production in response to the recent slump in prices.
Exxon Mobil released its internal policy on methane emissions Tuesday, urging governments to use it as model for industrywide methane regulation.
A walkout of more than 100 workers yesterday at ExxonMobil's Mossmorran plant in Fife has been resolved today after "positive discussions", according to trade unions.
More than 100 workers staged an unofficial walkout at the controversial Mossmorran chemical plant in Fife yesterday.
Bosses at ExxonMobil have apologised after "intense flaring" at a Fife chemical plant sparked alarm in the community.
BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.
A fire broke out early Wednesday at Exxon Mobil's Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the US.
ExxonMobil’s PNG LNG expansion project risks being delayed several years after the government of Papua New Guinea rejected the US major’s proposed terms for the P’nyang field development.
The insurgency in northern Mozambique is becoming more dangerous, causing alarm for the two major gas projects in the area. There is little sign of improvement.
Data shot by CGG in a 15,400 square km seismic survey offshore Mozambique, in the Zambezi Delta, is now ready for licensing.
Angola intends to privatise 30% in state-owned Sonangol, in a bid to raise money and increase the company’s competitive edge.