oil Tag

Chevron has halted its plans to explore in the deep waters off Australia’s South coast as the low oil price environment makes the project unjustifiable. The US oil giant had long seen the waters known as the Great Australian Bight as a very promising location, Wood...

BNP Paribas, France’s largest listed bank, has announced that it will no longer do business with companies working in shale oil or gas and it transitions to supporting renewable energy projects. The bank will stop working with and financing any companies or projects whose principal business...

ExxonMobil (NYSE:XOM) has announced its fifth new oil discovery off the coast of Guyana after drilling the Turbot-1 well, adding to the Liza, Payara, Snoek and Liza Deep finds in the offshore region. The US-based oil major said its affiliate Esso Exploration and Production Guyana Ltd...