ExxonMobil has announced its decision to exit an offshore exploration block in Suriname, transferring its 50% stake in Block 52 to its partner, Petronas. The move comes as part of…
Fuel Oil
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Malaysia has regained its position as the second-largest crude oil supplier to China, according to data released Wednesday. Crude oil supplies from the Southeast Asian nation rose 28% year-on-year in…
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Almost five years after BP launched an ambitious strategy to transform from an oil giant to a low-carbon energy leader, the British company is reversing course. With its share price…
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U.S. oil giant Exxon Mobil Corp. (NYSE) announced Wednesday that it has produced 500 million barrels of oil from Guyana’s offshore Stabroek block, reaching this milestone just five years after…
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The U.S. oil and gas industry is calling on President-elect Donald Trump to reverse several key climate policies put in place by President Joe Biden, arguing that these measures threaten…
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The MSGBC Oil, Gas & Power conference, West Africa’s premier event focused on advancing the energy sectors of Mauritania, Senegal, The Gambia, Guinea-Bissau, and Guinea-Conakry, has been rescheduled to 2025.…
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A significant portion of U.S. oil production capacity in the Gulf of Mexico remains offline following Hurricane Rafael’s weakening into a tropical storm. According to the U.S. National Hurricane Center,…
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As Tropical Storm Rafael approaches the Gulf of Mexico, oil companies are taking precautionary measures to protect personnel and minimize production disruptions. Major energy operators, including BP, Chevron, Equinor, and…
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The North Sea, a significant hub for crude oil production in Europe, primarily driven by the UK and Norway, is facing a terminal decline. In 2022, the region produced just…
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A year after world leaders called for a global shift away from fossil fuels, climate diplomats, campaigners, and policy experts warn that nations are failing to transform that promise into…