Royal Dutch Shell believes that the demand for oil could reach its peak in the next five years.
ExxonMobil announced a significant oil discovery with potential recoverable resources of between 500 million and 1 billion barrels of oil.
ExxonMobil has updated its claims of a world class discovery offshore Guyana, in the Stabroek block, following the drilling of three wells in the area.
Qatar is postponing the start-up date for its Barzan Gas project due to a gas leak found in a gas pipeline, media sources reported.
ExxonMobil’s proposal for a US$2.5 billion (£1.92 billion) takeover of InterOil announced in July has received a majority approval by InterOil shareholders and will close by the end of the month.
ExxonMobil announced plans to start light crude oil production offshore Guyana by 2020, turning the small South American country into a relevant oil exporter.
Woodside Petroleum has agreed to buy half of BHP Billiton’s stake in the Scarborough gas field offshore Western Australia for approximately £300.53 million.
A series of five offshore oil service contracts has been awarded for work in Malaysia and Vietnam, to SapuraKencana’s wholly-owned subsidiary, SapuraKencana TL Offshore.
The Norwegian Petroleum Safety Authority (PSA) has granted ExxonMobil consent to use two mobile drilling facilities for light well intervention in the Sleipner area of the Norwegian North Sea.
ExxonMobil announced estimated second quarter (Q2) earnings of US$1.7 billion (£1.28 billion) compared to US$4.2 billion (£3.1 billion) in the same period in 2015.
ExxonMobil has successfully acquired gas explorer InterOil after a US$2.5 billion (£1.88 billion) bid that was not countered by rivals Oil Search and Total.
ExxonMobil has made a US$2.2 billion bid for InterOil and its interest in a gas field in Papua New Guinea, overpowering an offer from Australia’s Oil Search
The Norwegian Petroleum Directorate announced it has granted ExxonMobil consent to start-up a subsea facility for a production well on the Balder field
ExxonMobil has reportedly joined forces with Qatar Petroleum in a bid to explore oil and gas assets in Mozambique’s Rovuma basin.
The Norwegian offshore safety body, Petroleum Safety Authority (PSA) has given ExxonMobil and Statoil consent to use two oil fields in the North Sea.