Blog category - Oil Industry

The Paris-based International Energy Agency (IEA) has said in its latest monthly report that it expects oil markets to show a supply surplus in 2020 in the absence of a strong recovery in demand.

Shell’s marine-oriented arm has published a new whitepaper providing guidance for ship operators as they transition to meet the low-sulphur caps being introduced by the IMO at the start of next year. The whitepaper,

Energy major ExxonMobil has announced that it has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology, specifically at its Bombay and Madras locations, to further research into

Oil major ExxonMobil has announced that it has signed an agreement to sell its non-operated Norwegian upstream assets. Under the

Saudi Aramco, the state-owned oil company of Saudi Arabia, says it expects to restore full production levels by the end of September. Two oil facilities at

Oil major ExxonMobil has made yet another discovery in the waters offshore of Guyana in South America, the 14th so far. The find was made in

The new energy minister of Saudi Arabia, Prince Abdulaziz bin Salman, has signalled that the production-limiting deal between OPEC and

Following its construction in Singapore and a 42-day journey, the Liza Destiny has arrived in the waters offshore of Guyana, making it

ExxonMobil has added a new pathway to explore scalable carbon capture technology with its announcement that it has come to an

According to statistics released by the US Energy Information Administration (EIA), the United States became the world’s biggest producer of

After almost 50 years of participating in the North Sea oil industry, oil major ExxonMobil is looking to sell its stake in 40 or so North Sea oil fields.

Oil major ExxonMobil beat analysts’ estimates when it published its results for the second quarter this year, with earnings of