Exploration & Production

Russia cut its oil output excluding gas condensate by 234,000 barrels per day (bpd) in December from a baseline set in October 2018, the energy ministry said, as part of a global pact to curb production and support prices...






ExxonMobil, a leading international energy company, said it has secured more than 1.7 million acres for exploration offshore Egypt...






Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles due to sanctions and a lack of cash and staff, according to a former oil minister, an opposition lawmaker and industry sources...






Vastly slower US oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry...






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