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Exxon Mobil is selling its mature Permian Basin assets to Hilcorp Energy for $1 billion, as it shifts focus to high-yield shale properties.

African nations face unique challenges and opportunities in pursuing net-zero emissions, balancing economic growth with environmental sustainability.

More than a quarter of U.S. Gulf of Mexico oil production remains offline after storm Rafael, with ongoing disruptions affecting output and delaying recovery efforts.

Russia explores merging Rosneft, Gazprom Neft, and Lukoil, potentially forming the world’s second-largest oil producer and reshaping global energy markets.

Petrobras posts a 22 percent profit rise in Q3, declaring $3 billion in dividends. However, it faces challenges as oil production declines by 8.2 percent year-on-year.

Duke Energy estimates up to $2.9 billion in hurricane restoration costs after extensive damage to infrastructure. Profit recovery is expected in 2025.

The U.S. supports Argentina in a $16B YPF dispute, arguing sovereign immunity in the face of economic strain.

Texas reelects Christi Craddick as chair of the Texas Railroad Commission, facing pressures on environmental and regulatory challenges as oil production surges.

Marathon Petroleum’s Q3 profit beats expectations, bolstered by high throughput. The company announces a $5 billion increase in its share buyback program.

Carbon trading offers Africa a pathway to sustainable development by monetizing its vast natural resources and promoting environmental conservation.