A consortium led by U.S. oil major Exxon Mobil is about to begin installing its fourth floating oil production facility in ...

ExxonMobil Guyana has confirmed the arrival of the One Guyana Floating Production, Storage and Offloading (FPSO) vessel in ...

A consortium led by U.S. Exxon Mobil is about to begin the installation of its fourth floating oil production facility in ...

ExxonMobil plans a massive oil expansion in Guyana amid fears over an environmental disaster in the Amazon rainforest.

As WTI hovers near $60/bbl, U.S. E&Ps could be pushed to drop rigs and cut drilling in exploratory resource plays, analysts say.

Oil settles higher after latest U.S. supply data, Russia-Ukraine cease-fire on energy infrastructure EIA reports a rise in U.S. crude stocks and a fall in petroleum-product supplies ...

PBR constructs an animal care center in the Amazon region to meet key environmental demands by Brazil's Ibama agency to secure an offshore drilling license.

Baker Hughes reported last Friday that active US oil rigs in the week ending March 28 fell -2 rigs to 484 rigs, mildly above the 3-year low of 472 rigs posted on January 24. The number of US oil ...

A local oil-field service ... authorities it will lay off 14 people starting May 23 at its facilities at 330 Industrial Way in Taft. Positions to be cut include four rig operators, five relief ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1).