oil

Senegal has declared its intention to reevaluate contracts related to oil, gas, and mining operations if deemed necessary, signaling a potential shift in the country’s approach to resource extraction agreements. …

Saudi Arabia’s oil giant Aramco announced a 30% increase in its dividend payout for 2023, despite a sharp drop in its net profit due to lower oil prices and volumes. …

Chevron Corporation, the second-largest U.S. oil company, has made a bold move to acquire Hess Corporation, a rival oil producer with a stake in the lucrative Guyana offshore oil field. …

Exxon claims right to match offer Exxon Mobil Corp has thrown a wrench into Chevron Corp’s plan to buy Hess Corp stake in the Stabroek offshore oil block in Guyana, …

The US Congress has passed a funding bill that prevents China from purchasing crude oil from the country’s Strategic Petroleum Reserve (SPR), in a move that reflects the growing bipartisan …

The oil industry is witnessing a high-stakes drama as Exxon Mobil, the largest U.S. oil producer, tries to spoil Chevron’s acquisition of Hess, a smaller rival with a coveted position …

Diamondback Energy, a U.S. oil producer, announced on Monday that it will acquire Endeavor Energy Partners, a privately held rival, in a cash-and-stock deal worth $26 billion. The deal is …

The Middle East and North Africa (MENA) region is expected to see slower economic growth in 2024 due to oil production cuts and the escalating conflict in Gaza, the International …

Ghana, once hailed as a rising star in Africa’s oil industry, has seen its fortunes dwindle in the past year as global oil prices collapsed and the coronavirus pandemic hit …

Exxon Mobil, the largest U.S. oil company, surprised analysts and investors by reporting a $36 billion profit for 2023, the highest in its history. The company achieved this feat despite …