Oil companies exploration and production
Exxon Mobil Corp. is considering expanding its trading operations globally as historic oil-market volatility contributes to record profits for commodity shops. The oil major has stepped up efforts to increase derivatives trading after several departures […]
(Bloomberg) — U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but […]
(Bloomberg) — The climate-and-tax bill passed by the Senate would force oil companies to pay more for drilling on federal land and block them from stockpiling leases at rock-bottom prices, changes that conservationists and good-government […]
(WO) — Baker Hughes agreed to sell its Oilfield Services business in Russia to its local management team, and the business will operate independently going forward, the company announced. The agreement follows the company’s previously […]
ExxonMobil and Chevron saw mounting oil and gas production from the US Permian Basin in Q2 2022, and outlooks continue to project double-digit growth for each in the giant West Texas and southeast New Mexico […]
Drilling and completion activity in South America is expected to peak this year after a significant slowdown in 2020 due to the global demand destruction brought on by the Covid-19 pandemic, Rystad Energy claimed. According […]
SINGAPORE, July 28 (Reuters) – China’s CNOOC Ltd (0883.HK) has tapped commercial flows of oil and gas from a shale exploration well in the South China Sea, marking the first successfully drilled shale oil well offshore China, […]
In the first quarter of 2022, 53 U.S. exploration and production companies reported both higher revenues and higher material and labor costs compared with the first quarter of 2021.July 22, 2022 Data source: U.S. Energy […]
LONDON, July 26 (Reuters) – Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key energy supplier to the region, cut gas supply through a […]
The U.S. dollar has had an incredible run throughout 2022, appreciating against most major currencies as the world’s central banks continue to combat rising inflation. This year alone, the dollar is up 15% against the […]
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