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Oil companies
Oil Exploration
Oil Companies in Norway to Drill 18% Fewer Exploration Wells in 2026, Survey Shows
Norwegian oil and gas companies plan to drill approximately 37 exploration wells in 2026, an 18% reduction from the 45 wells completed this year, according to a…
Biofuel
BP Abandons Plans to Build Rotterdam Biofuels Plant
BP (BP.L) has halted work on its planned biofuels plant in Rotterdam, a company spokesperson said on Monday. The decision follows a series of suspended or aband…
Oil&Gas Drilling
China’s Independent Oil Firms Elbow Into Iraq’s Majors-Dominated Market
China's independent oil companies are significantly increasing their investments in Iraq, a major OPEC producer, with plans to double their output to 500,00…
Crude Oil
Ecuador Eyes $42 Bln in Oil Sector Investments Through 2029
An infrastructure of Ecuador's state-run oil company Petroecuador is pictured outside of Nueva Loja, Ecuador May 3, 2022.Ecuador expects foreign oil compani…
Crude Oil
Oil Firms in Iraqi Kurdistan Demand Compensation of $24 Billion
Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey.Econo…
Oil&Gas Drilling
After Huge Investment, Totalenergies 'Ditching' SA Offshore Gas Finds for Namibia Coast
Growing concern is being reported about the future of domestic investment by foreign oil companies, with the blame squarely placed on government.Bloomberg News …
Oil & Gas Trade
Earnings for Big Oil Backpedal as Natgas Prices Tumble
An aerial view of Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U.S., March 18, 2023. …
Natural Gas
Norway Energy Firms Plan Three-Year Push for Arctic Gas
Equinor's logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNorwegian oil c…
Geothermal Power Project
Geothermal and Lithium Firm Arverne Going IPO in France
Drilling rig of Arverne Drilling on a winter day (source: company)Reported from France today, geothermal and lithium group Arverne, created by former oil compan…
Green Hydrogen
US Energy Giants Build Campaign Against Clean Hydrogen Regulations
Oil companies and utilities are pushing for their own tax credits for partly fossil fuel-powered projects.Energy companies and utilities across the United State…
Crude Oil
Pakistani Oil Companies Collaborate With Saudi Aramco for $10B Refinery Project
Four leading Pakistani oil companies will join hands with Saudi Arabia's state-owned Aramco for a $10 billion greenfield refinery project at Pakistan's …
Crude Oil
Oil Companies on Fundraising Spree for Energy Transition
Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves.NEW DELHI: Oil companies have been scurry…
Carbon Neutral
China’s Three Major Oil Companies Actively Invest in New Energy
Three state-owned oil companies in China are actively expanding their investment in renewable energy, said Nihon Keizai Shimbun on April 6. By 2025, their total…
Oil & Gas Trade
Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies
Record profits by oil companies benefiting from high energy prices have boosted inflation around the worldExxon said it will factor in the tax as it considers f…
Crude Oil
Exxon, Chevron to Spend Billions More on Oil Projects Next Year
The two largest U.S. oil companies - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) - disclosed plans to increase outlays on energy projects next year amid h…
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