Analysts say oil production in the region - apart from Prirazlomnoye - is years away and may start only in the mid-2020s.
Read More »ExxonMobil Scientists Figured Out How to Turn Algae into Biofuel
The modified strain ended up being about 40 percent oil. compared to the 10 or 15 percent that would otherwise have been yielded in the same environment.
Read More »Exxon Talks with Emir of ‘Isolated’ Qatar
A second gold rush is taking place on a small island few people know about.
Read More »Greece Okays Exxon-Total Bid to Explore for Offshore Oil
The country’s oil and gas resources management body will launch a tender for exploration licenses in the blocks by the end of June.
Read More »Exxon. BP and Shell Back Carbon Tax Proposal to Curb Emissions
Under the proposal. a $40 carbon tax. rising over time. would be levied on emissions in order to encourage a shift towards renewable energy sources such as solar and wind.
Read More »BP Keeps Azerbaijan’s Proved Oil Reserve Estimates Unchanged
Oil production in Azerbaijan stood at 826.000 barrels per day. or 1.6 percent less than in 2015. according to the report.
Read More »Trump`s Paris Goodbye Is a Win for Coal and Oil
Coal producers were among the few companies that pushed for Trump to walk away from Paris.
Read More »Norway Boosts Protection Against Unwanted M&A in Oil
An extraordinary metal that is vital to the electric car boom is facing a critical shortage.
Read More »Exxon Loses Key Climate Change Battle
ExxonMobil just lost a critical climate change battle even as the fate of the Paris accord remains in serious doubt.
Read More »ExxonMobil Secures Qatari Condensate for Singapore Unit
The U.S. oil major bid for the cargoes of the ultra light oil at more than $2 a barrel above Dubai quotes.
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