Brazil will continue to be a key investment area for ExxonMobil, local CEO Alberto Ferrin told the Latin American Energy Economics Meeting (ELAEE) in Rio de Janeiro.
The Gas-to-Energy project moved closer to fruition yesterday with the signing of a US$8.6 million contract between the Govern-ment of Guyana and Chinese company, Power China, to construct a building to house the National Control Centre, a Depart-ment of Public Information (DPI) release stated yesterday.
Canada-based oil and gas exploration company Eco Atlantic Oil and Gas (Eco) has signed a share cancellation deal with Africa Oil SA Corporation (AOSAC).
Ghana must work towards developing its refinery capabilities to add value to its large crude oil deposits if it desires to take charged of its economy, Executive Chairman of the Sentuo Group, owners of Sentuo Oil Refinery (SOR) Limited, Mr Xu Ningquan has said.
Crude oil prices continued to fall on Tuesday, with WTI trading just above $75 and Brent slipping below $80.
Concerns about Chinese demand continue to drag prices lower, with expectations of China’s manufacturing activity shrinking for a third month in a row.
In some bullish news, Venezuela’s election results could lead to tighter US sanctions and lower oil supply.
U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets inTexas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt.
British oil giant BP posted underlying replacement cost profit, used as a proxy for net profit, of $2.8 billion for the second quarter.
That beat analyst expectations of $2.6 billion, according to an LSEG-compiled consensus.
The energy firm announced it had increased its dividend by 10% and extended its share repurchasing program.
SLB (NYSE: SLB) today announced the award of an integrated engineering, procurement, construction and installation (EPCI) contract by bp to its OneSubsea™ joint venture and Subsea7 for the Murlach development (formerly Skua field), 240 kilometers east of Aberdeen in the UK North Sea.
A new gas and condensate discovery in TAL block in Pakistan’s Khyber Pakhtunkhwa province de-risks further exploration in the block.
Eni SpA’s second-quarter profit was better than expected after a strong performance at its upstream business, prompting the company to revise its guidance for the year.