Oil

Exxon Mobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralysed a historic drilling project

Exxon Mobil Corporation (NYSE:XOM) announced today its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.

The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea.

This would appear to confirm company specialists’ predictions of the Uransky block containing several small fields. 

Professionals of JSC TANECO received the awards of the All-Russian contest "Engineer of the Year".

he production volume of high-viscosity oil amounted to 156.4 thousand tonnes.

Production volumes at the Vostochno-Messoyakhskoye field totalled 3.1 million tonnes of oil in 2017.

Rosneft initiated oil supplies to China’s national oil and gas corporation Huaxin, the Russian oil and gas major told TASS on Monday.

Pilot test operation of the self-service terminal for filling station customers (SST) was launched at the TATNEFT’s filling station No. 28 located at: 12, Ryabinovaya Street, Moscow.

Ocean Power Technologies, Inc. announced today that the Company has signed an agreement with Premier Oil (LSE:PMO), an international oil and gas company, to study the feasibility of using the PB3 PowerBuoy for decommissioning operations in the North Se

Venezuela shed another 216,000 b/d of crude production in December, bringing official monthly output to just 1.621mn b/d, the lowest level since the mid-1980s, not including a 2002-03 labor strike, according to official Venezuelan data cited by Opec

ExxonMobil today announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block.

HH Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of the State of Kuwait, yesterday received HE Mohammad Sanusi Barkindo, Secretary General of OPEC, for a meeting in Bayan Palace, Kuwait City.

To expedite research and commercialization of new energy-related technologies, power management company Eaton and the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) have entered into a cooperative agreement to co-locate approximately...

Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market.