Exxon Mobil Corp. and Chevron Corp. surpassed profit expectations as higher oil production helped offset the blow from lower crude prices.
The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes in March even as Brent Crude prices hit $70 per barrel this week for the first time in five months, delegates from the alliance told Reuters on Friday.
Trinidad and Tobago is once again trying to bring its long-idled one-and-only oil refinery back to life, but this time the government is talking to Indian Oil Corp about making it happen.
ConocoPhillips, TotalEnergies SE and Libya’s National Oil Corp (NOC) have signed an agreement extending the onshore Waha concessions to December 2050.
French energy giant TotalEnergies has restarted construction of a $20 billion liquefied natural gas (LNG) project in Mozambique after being forced to pause operations indefinitely due to escalating violence in the region, according to Al Jazeera.
GOIL PLC, the nation’s foremost indigenous and largest oil marketing company, has formally handed
over two renovated offices to the Department of Sociology at the University of Ghana, reaffirming the
company’s commitment to supporting quality and accessible education as part of its Corporate Social
Investment (CSI) agenda.
Kosmos Energy Ltd. (NYSE:KOS) announced Monday that it is extending the Early Tender Time and Withdrawal Deadline for its cash tender offer of up to $250 million aggregate principal amount of its outstanding 7.750% Senior Notes due 2027. The company stated that the new deadline for noteholders to submit tender instructions and remain eligible to receive the total consideration is now 5:00 p.m., New York City time, on January 28, 2026, moved from the previous deadline of January 26, 2026.
Italy’s Eni has signed a binding agreement to sell a 10% stake in the Baleine offshore oil and gas project in Côte d’Ivoire to SOCAR, the State Oil Company of the Republic of Azerbaijan. The deal reduces Eni’s operating stake to 37.25% while leaving it as project operator. Vitol retains a 30% interest and Côte d’Ivoire’s state oil company Petroci holds 22.75%.
Trading house Trafigura sold a cargo of Venezuelan oil to a Spanish refiner, while rival Vitol prepared to export Venezuelan fuel oil as shipments accelerate from the OPEC nation under a U.S.-backed $2 billion oil supply deal following the capture of President Nicolas Maduro, oil industry sources said on Thursday.
Santos has reported a strong fourth quarter, increasing production to 22.3 million barrels of oil equivalent (boe), a 5 per cent rise from the previous quarter. The company’s full-year output reached 87.7 million boe, despite weather-related challenges in the Cooper Basin. Santos is an Australian oil and gas company.