The American oil giant Exxon Mobil Corporation is pondering oil and gas exploration in Israel. This move would make Exxon the first oil major to
Tag: Royal Dutch Shell
Shell’s Nigerian Strategy Shifting from Onshore to Offshore
Royal Dutch Shell wants to reconsider its activities in Nigeria and give more attention to the oil and gas fields far offshore and thus escape
Market Update: OPEC’s Oil Output Freeze Deal Compliance High
OPEC oil production dropped to 13-month low due to falling Venezuelan output, Nigerian outages and strong compliance with the output freeze deal. The cartel is
Mexico Holds an Auction of Deep-Water Oil Drilling
Mexico is holding an auction of deep-water oil and gas fields at the end of this month in what is perhaps President Enrique Pena Nieto’s
Powering South America: Bolivia Signs Gas Deal with Foreign Energy Companies
The Bolivian government signed natural gas development contracts with Spain’s Repsol, Brazil’s Petrobras, Royal Dutch Shell and Pan American Energy earlier this week. Covering blocks
Donald Trump Approves Oil Drilling and Exploration Offshore Alaska
The US President Donald Trump has approved a drilling plan for oil exploration offshore Alaska. Eni US, a unit of Italy’s Eni, will thus become
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
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
U.S. Oil Sector Hit by a Strike Affecting a Fifth of Its Capacity
The United States has been hit by the nation’s largest refinery strike in 35 years. Following the talks between the United Steelworkers union (USW) and