Weekly review of Azerbaijani oil market   The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli…

ExxonMobil begins lockout of hundreds of Texas oil workers   Oil giant ExxonMobil initiated a lockout of more than 650…

Valaris Successfully Completes Restructuring   Valaris Limited (“Valaris” or the “Company” and together with its subsidiaries, the “Valaris Group”) today…

Exxon Earns $2.7B in First Quarter   Exxon Mobil Corporation has announced estimated first quarter 2021 earnings of $2.7 billion,…

China’s CNOOC to expand offshore gas, unconventional fuel to cut emissions   China’s CNOOC Ltd said it will accelerate the…

Valaris books first-quarter loss, looks to emerge from Chapter 11   Offshore drilling contractor Valaris booked a $910 million loss…

Oil rises on optimistic demand outlook; uncertainties remain   Oil prices rose on Wednesday amid optimistic forecasts of global fuel…

ExxonMobil’s New Oil Discovery at Uaru-2 Offshore Guyana   ExxonMobil made an oil discovery at the Uaru-2 well in the…

BP kicks off gas production from $9bn Egypt project   BP has announced gas production from Raven field, the third…

Oil up on hopes OPEC+ may address the Indian demand destruction – Rystad Energy comments   Oil prices are ticking…