Exxon Mobil has ended a major campaign to find oil in Brazil, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The oil and gas giant has stopped current drilling at the offshore acreage it started snapping up with partners for $4 billion in 2017, after failing for the third time to find commercially viable quantities of crude, the report said.However, the company has not ruled out future projects in the country…
Canada's Suncor Energy said on Tuesday that former Exxon Mobil executive Rich Kruger would take over as its chief executive officer, replacing interim boss Kris Smith. Kruger, a near 40-year veteran of Exxon Mobil Corp, served as CEO of Imperial Oil Ltd for six years before retiring in 2019…
Exxon Mobil Corp XOM.N is raising the annual salaries of its top boss and other executives for the coming year, the top U.S. oil company said on Monday.Exxon Mobil's compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1…
India maintains a 'healthy dialogue' with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters. Russia last week issued a…
India's Oil and Natural Gas Corp ONGC.NS said on Monday there was no clarity on the resumption of its oil and gas project Sakhalin-1.Production at Sakhalin-1 was 'minimized' shortly after the Ukraine war started and there is no clarity or timeline yet when it could be resumed…
U.S. oil and gas firm Hess Corp says first oil began flowing last month from a Shell-operated Llano-6 well in the U.S. Gulf of Mexico, a project for which it owns a 50% stake. Hess, best known for its 30% interest in the Exxon Mobil-operated Guyana offshore oil and gas development…
Nigeria's President Muhammadu Buhari has withheld his initial approval of Exxon Mobil's sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent.Buhari on Monday consented to the $1…
QatarEnergy on Tuesday signed a deal with Exxon Mobil Corp for the Gulf state's North Field East expansion, the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Eni and ConocoPhillips.Qatar is partnering…
Five foreign vice-presidents of Russia's Rosneft have resigned because of European Union sanctions forbidding European citizens or Russians living in the EU to work at the Kremlin oil major, six sources familiar with the matter said.They said the five - Didier Casimiro…
A subsidiary of Shell plc, BG International, signed a farm-out agreement (FOA) with ExxonMobil Egypt to acquire a 100% stake in the Exxon Mobil-operated North East El-Amriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday…
Brazilian oil company Enauta Participacoes said on Monday no hydrocarbons were found at the 1-EMEB-3-SES well, an asset in which it has Exxon Mobil Corp and Murphy Oil Corp as partners, sending its shares down.Enauta's securities filing on the…
Exxon Mobil Corp on Friday said it is accelerating output at its Guyana offshore oil development, starting a new production vessel that will bring total capacity to more than 340,000 barrels per day.An Exxon-led consortium started production…
A few Angolan spot cargoes changed hands on Thursday, while results from a few tenders were still outstanding.Angola's state oil firm Sonangol sold its last February spot cargo, a Girassol, to Exxon Mobil after offering it at dated Brent plus 50 cents a barrel…
Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration license in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorized exploration in its jurisdiction.For decades…
Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters.Guyana currently requires financial assurance…
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