The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Royal
Tag: ExxonMobil
Development of Hydrocarbons in East Africa: Political and Security Challenges
East Africa has the potential to experience a gas and liquefied natural gas (LNG) export boom in the coming years due to several projects that
Climate Change Denial: ExxonMobil Risks Losing EU Lobbying Rights
The American oil giant ExxonMobil can lose its lobbying privileges at the European Parliament after the company had failed to turn up for the first
American Oil Giants Join to Fight Methane Emissions in a Climate Initiative
Some of the world’s leading oil and gas companies said that they would decrease methane emissions to 0.25% of their total production by 2025 against
Expert Analysis: African Oil – Exploration & Production, Key Players & Their Strategies
The continent’s oil sector has experienced deep-reaching changes. There was not only a drop in exploration budgets, but also a disappearance or sale of weakened
Market Report: Shell’s Sale Plan to Be Delayed Due to Brexit
Royal Dutch Shell’s CEO, Ben van Beurden, informed investors that the European Union could slow its $30 billion asset sale plan in the wake of
Acquisitions of Small Oil Firms Setto Pick Up
Major energy companies have sold unprecedented amounts of debt in early 2015, taking advantage of very low interest rates after oil prices plunged more than
Oil Giants Propose Cuts in Development Spending in Iraq
Oil firms have proposed that they will cut development spending in Iraq worth millions of dollars after Bagdad announced that cheap oil and its fight
Rosneft Will Not Resume Drilling in Kara Sea
Russian oil giant, Rosneft, has informed that it will not be able to resume drilling in the Kara Sea in 2015 due to the consequences
ExxonMobil Faces a Dilemma due to US Sanctions
The world’s most valued oil company, ExxonMobil, is struggling with an ordinary journey of an oil drilling rig, scheduled to resume operation some time ago,