U.S. supermajor ExxonMobil and Iraqi oil ministry have made “great progress” in negotiations and have now entered the final stage to reach an agreement on the South Integrated Project, the oil ministry said in a statement on Tuesday.
Brazil’s recent regulatory changes in the oil and gas sector seem to have already come to fruition, as the 14th bidding round helped the country to fetch a record BRL 3.8 billion ($1.19 billion) on Wednesday, Kallanish Energy reports.
Russian gas giant Gazprom has broken Exxon Mobil’s 12-year reign as No 1 global energy company in the annual Top 250 ranking published by S&P Global Platts, a change described as “most profound” in the rankings history.
The five biggest oil companies, including ExxonMobil, Royal Dutch Shell, Chevron, BP Plc and Total SA, collectively cut their emissions by an average of 13% between 2010 and 2015, according to a Bloomberg New Energy Finance (BNEF) report released Monday.
The recent renegotiation of a 20-year liquefied natural gas (LNG) contract between buyer Petronet LNG and supplier ExxonMobil, opened precedent in the Asia-Pacific (APAC) market and may create pressure for other renegotiations, Fitch Ratings said on Tuesday.