Saudi Arabia’s national oil company Aramco has again outperformed forecasts. The world’s largest oil company, and 2nd largest listed company, reported a free cash flow of $18.3 billion in Q1 2021, a 30% increase from Q1 […]
Austria’s top energy official told OMV AG it must start figuring out how to do business without fossil fuels now or risk losing its business in three decades. Transport and Energy Minister Leonore Gewessler delivered the unusually […]
ExxonMobil last Friday posted estimated earnings of $2.7 billion in the first quarter of 2021 compared with a loss of $610 million in the same quarter last year. The company stated that the positive results reflect the benefits […]
Chevron Corp ’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset […]
A key drilling objective for Hess in 2021 in Guyana’s offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company’s top executives said April 28. Uaru-2, […]
(Bloomberg) — After one of the most difficult years in the oil industry’s history, crude prices have recovered and major producers are finally generating spare cash. Investors really want to get their hands on it, […]
Houston — The US oil and gas rig count took a step back, falling 11 to 530 on the week, rig data provider Enverus said April 22 – the first rig count drop this year, even […]
CALGARY – New greenhouse gas emission targets set by Canada and the United States are “extremely aggressive” and being made without proper process, says the CEO of Calgary-based Precision Drilling Corp. But Kevin Neveu says […]
Saudi Aramco is conducting a strategic review of its upstream business, in a move that could potentially see the state-owned firm bring in external investors to some of its oil and gas assets. The world’s […]
Exxon Mobil Corp. and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest U.S. oil producer marshaling executives, TV appearances, social media and websites […]
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