Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s […]
By 2035, the world’s fourth-largest offshore oil producer could be a South American country with fewer than 1 million people. According to Norway’s Rystad Energy, Guyana – with proven reserves of 11 billion barrels of […]
Jan 24 (Reuters) – U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level […]
US shale is slowing down because of rising drilling costs and political and regulatory attacks on the industry, and the U.S. has lost the global market influence to OPEC. That means uncertainty in the […]
Chevron Corp has sold a cargo of Venezuelan crude oil to another U.S. refinery, Phillips 66, anonymous sources have said. Chevron Corp recently sold 500,000 barrels of heavy Hamaca to U.S. refiner Phillips 66 to […]
Italian oil major Eni has made a significant new gas discovery at the Nargis-1 exploration well located in the Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt. The Nargis-1 well has encountered […]
A former BP (LON: BP) chief executive has called for an end to “the demonisation of the fossil fuel industry by activists, politicians and the media”. In an op-ed in The Telegraph newspaper, Tony Hayward, who led the London-listed […]
In the wake of scorching inflation and Russia’s war in Ukraine, major gas companies like Chevron and Exxon Mobil are raking in profits. And it’s got President Joe Biden hot under the collar. In November, […]
ENB Pub Note: Is this “Political Energy Crisis Hypocrisy? In a word, yes. The Biden administration continually makes catastrophic energy policy decisions. This is costing the United States consumers a huge amount of money they […]
Energy major ExxonMobil said Dec. 29 that it has launched a legal challenge against the windfall tax imposed by the EU on oil and gas company profits, labelling the measure “counterproductive” and calling for more […]
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