In its latest forecasts, the US Energy Information Administration (EIA) predicts that US shale oil production will reach 8.166 million barrels per day Continue reading EIA: US shale oil to reach 8.166 million bpd
ExxonMobil has increased its estimates by 25% for the hydrocarbon resources in the Stabroek Block offshore of Guyana after the company made its 10th discovery in the region.
The company, which also Continue reading ExxonMobil hikes Guyana estimates
Despite concerns over limited takeaway capacity in the prolific Permian Basin, the US Energy Information Administration (EIA) reports that US oil production surged to a new record of 11.475 million barrels per day (bpd) in Continue reading US oil production surges to new record
Oil giant ExxonMobil has signed a 12-year deal to buy 500 MW of renewable energy generation to power its operations in the Permian Basin of West Texas.
A new survey conducted by Bloomberg indicates that OPEC is likely to cut oil production at its next meeting on December 6 and 7.
Bloomberg surveyed Continue reading Bloomberg survey points to production cuts
The North Sea oil industry is often thought to be in decline, but a joint venture between BP, Shell, Chevron, and ConocoPhillips has just started producing oil.
The Clair Ridge field was Continue reading Energy giants bring North Sea megaproject online
Fatih Birol, Executive Director of the International Energy Agency (IEA), has warned that proposed supply cuts by key oil producers may have negative Continue reading IEA chief calls for “common sense” over oil production cuts
According to the Energy Ministry of Cyprus, ExxonMobil and Qatar Petroleum began exploratory drilling within block 10 of Cyprus’s Exclusive Economic Zone (EEZ) on Continue reading ExxonMobil begins drilling in the waters of Cyprus
U.S. President Trump published a tweet on Monday, November 12 expressing a hope that OPEC does not go ahead with production cuts.
The same day, Saudi Continue reading Trump criticises potential OPEC cuts
ExxonMobil has surprised Wall Street by posting higher than expected profits and revenue for the third quarter, despite an overall drop in oil and gas production.
The oil major, which Continue reading ExxonMobil posts surprising quarterly profits