ExxonMobil plans to drill up to 30 wells for its seventh oil project in Guyana, named Hammerhead, targeting production in 2029 with increased daily capacity.
ExxonMobil plans to drill up to 30 wells for its seventh oil project in Guyana, named Hammerhead, targeting production in 2029 with increased daily capacity.
The first shipments of Senegalese crude oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy.
The first shipments of Senegalese crude oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy.
ConocoPhillips has received a second request for information from the Federal Trade Commission (FTC) regarding its $22.5 billion acquisition of Marathon Oil. Both companies are working with the FTC to examine the merger.
ConocoPhillips has received a second request for information from the Federal Trade Commission (FTC) regarding its $22.5 billion acquisition of Marathon Oil. Both companies are working with the FTC to examine the merger.
Bourbon Group CEO Gaël Bodénès receives a two-year suspended prison sentence and is banned from managing businesses in Equatorial Guinea, Cameroon and Nigeria.
Bourbon Group CEO Gaël Bodénès receives a two-year suspended prison sentence and is banned from managing businesses in Equatorial Guinea, Cameroon and Nigeria.
According to the International Energy Agency (IEA), global oil demand will grow moderately in 2024, mainly due to lower Chinese consumption and increased energy efficiency.
According to the International Energy Agency (IEA), global oil demand will grow moderately in 2024, mainly due to lower Chinese consumption and increased energy efficiency.
U.S. crude oil inventories fell by 3.4 million barrels last week, beating expectations. This drop is explained by the increased activity of American refineries, which are operating at 95.4% of their capacity.
U.S. crude oil inventories fell by 3.4 million barrels last week, beating expectations. This drop is explained by the increased activity of American refineries, which are operating at 95.4% of their capacity.
BP announces "unfavorable adjustments" of $1-2 billion in the second quarter of 2024, mainly due to the transformation of its Gelsenkirchen refinery in Germany.
BP announces "unfavorable adjustments" of $1-2 billion in the second quarter of 2024, mainly due to the transformation of its Gelsenkirchen refinery in Germany.
China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
