Nigeria joins the IEA as the first OPEC member, while Dangote's refinery eyes a $4 billion IPO and Shell, ExxonMobil deepen ...

"The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying ...

Production hub in US Gulf of Mexico has estimated peak production of 100,00 boepd Anglo-Dutch supermajor Shell has temporarily halted production at its Perdido asset in the US Gulf of Mexico after ...

Shell (SHEL) and Exxon Mobil (XOM) said Wednesday they will not move forward with a sale of natural gas assets in the U.K. North Sea to Viaro Energy. "Despite a constructive process, completion ...

Supermajors Shell and ExxonMobil plan to sell a slew of offshore gas assets in the UK North Sea to London-based Viaro Energy, including 11 gas fields and one exploration prospect in the sea’s southern ...

A US Iran peace agreement has been reached, opening the way for a phased reopening of the Strait of Hormuz. The Strait of Hormuz is a key global oil transit route, and the agreement is linked with ...

Shell plc SHEL and Exxon Mobil Corporation XOM have called off their planned sale of U.K. North Sea natural gas assets to Viaro Energy, ending months of negotiations and regulatory engagement. The ...