Exxon CEO calls Venezuela 'uninvestable'
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As Washington talks up a return of US oil companies, the world’s biggest producer says deep legal and political risks still stand in the way.
The complex political situation in Venezuela could harm new investments and will likely keep big oil on the sidelines while the new Venezuelan oil power players emerge.
DNO signed offtake agreements with ExxonMobil and Shell for the entirety of its North Sea oil production and secured up to $410 million in 'related offtake financing facilities'. DNO ASA said Thursday it had signed offtake agreements with Exxon Mobil Corp ...
Exxon Mobil (NYSE:XOM), BP (BP) and Shell (SHEL) have held preliminary discussions with Oil and Natural Gas Corp. for a potential partnership in the Indian company's $5B deepwater project in the KG basin, The Economic Times reported Wednesday. The bloc off ...
It was a week when both oil and natural gas prices logged steep losses. Overall, it was a catastrophic seven-day period for the sector. West Texas Intermediate (WTI) crude futures plunged more than 10% to close at $61.99 per barrel, while natural gas ...