Oil prices remain stable despite OPEC+ hikes, but Big Oil faces shrinking profits. Explore why rising costs and weak margins ...

Total halted work on Mozambique LNG, located in the northeastern Cabo Delgado province, evacuated workers and declared force ...

Oil was little changed as traders weighed the the latest EU sanctions on Russia and monitored trade-talk developments and Phillip Nova said it would likely stay rangebound until concrete drivers ...

U.S. oil and gas giants ExxonMobil and Chevron are in discussions about development opportunities in Iraq’s oilfields with ...

Europe's petrochemical industry is unravelling under a wave of plant closures after years of losses and a rapid expansion of ...

ExxonMobil has appointed Jagir Baxi as Chairman and Managing Director, and Lead Country Manager, of its affiliates in Nigeria, including Esso Exploration and Production Nigeria Limited and Esso ...

Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: ...

Key Points Chevron won its arbitration hearing against Hess, allowing it to close the needle-moving deal. The transaction enhances its portfolio and growth profile. The oil company is in an even ...

Mozambican President Daniel Chapo said he expects to soon conclude talks with TotalEnergies SE over the restart of a $20 billion natural-gas project that halted four years ago because of an ...

Asian markets react to political instability in Japan and trade tensions with the US, while US stocks remain positive.

Chevron's deal was part of the biggest wave of consolidation in the oil industry for over 20 years and was a strategic counter to Exxon's own blockbuster deal and growing position in the Permian ...

Santos reported a 1% rise in quarterly oil and natural gas production as it waits on a consortium led by Abu Dhabi's national oil company to firm up a $18.72 billion takeover bid. U.S. crude oil ...