Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are…
The Russian General Prosecutor's Office is asking a court to recover 15.5 billion roubles ($220 million) in allegedly unpaid taxes from U.S. oil major ExxonMobil , local news agencies TASS and Interfax reported on Tuesday citing court documents…
Indonesia plans to offer 10 oil and gas working areas this year, including a block in the South China Sea, amid efforts to boost energy production and make new discoveries, a senior energy ministry official said on Monday.In 2022, Indonesia…
Malaysian oil and gas company Petronas said Friday it had recently signed two agreements with U.S. major ExxonMobil to jointly pursue Carbon Capture and Storage (CCS) projects in Malaysia.Petronas and ExxonMobil have committed to defining the next steps…
Malaysian energy industry services provider, T7 Global said Wednesday it had secured two letters of award worth a combined value of approximately RM100 million (currently around $23,47 million). The letters of award were secured by the company's…
Santos Ltd faces a new delay in developing the Barossa gas project off northern Australia after a regulator ordered it to evaluate environmental risks to underwater indigenous cultural heritage before starting pipeline construction.The Jan. 13 notice…
Taiya Renewable Energy (TRE), an offshore wind power developer in Taiwan, said Thursday it would bid for the second phase of wind power zonal development and floating demonstration project in 2023.Taiya has invited local and foreign investors…
International Energy Agency (IEA) head Fatih Birol said on Thursday that energy markets could be tighter in 2023, adding he hoped prices would not rise further in order to ease the pressure on energy-importing developing countries.'I wouldn't be too relaxed about the markets…
South Korea's Samsung Heavy Industries said Wednesday it had signed a memorandum of understanding with Malaysia's MISC to jointly develop floating CO2 storage units.The Floating CO2 Storage Unit (FCSU) is a new concept of offshore unit that…
BASF will take a 7.3 billion euro ($7.9 billion) writedown as its Wintershall Dea energy business pulls out of Russia, the German chemicals giant said, triggering a net loss for 2022 and sending its shares lower. Wintershall Dea has deep ties to Russia…
Indonesia's oil and gas lifting last year came in below target due to unplanned shutdowns and maturing blocks, but exploration and production investment is poised to take off, the country's upstream regulator SKK Migas said on Wednesday.Indonesia's crude oil lifting stood at 612…
Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi liquefied natural gas (LNG) project with the country's upstream oil and gas regulator, officials said on Tuesday. Indonesia has been seeking an…
Indonesia has deployed a warship to its North Natuna Sea to monitor a Chinese coast guard vessel that has been active in a resource-rich maritime area, the country's naval chief said on Saturday of an area that both countries claim as their own…
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday…
Inpex Corp, Japan's biggest oil and natural gas explorer, aims to accelerate its expansion of production and sales of liquefied natural gas (LNG) on the premise that LNG market will remain tight in the mid-term, its CEO said on Thursday. 'Global…
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