Exxon Mobil Corp. (XOM:US), the U.S.’s largest oil company, ended exploration plans with Total SA (FP) in South Sudan, Total and the government said, a sign of faltering investor confidence in the African nation as a civil war enters its eighth month.
Six international oil companies working in Iraq's Kurdish region, including Exxon and Chevron, have decided to suspend production and evacuate their staff for security reasons.
Croatia published an international tender for oil and gas exploration blocks in the Adriatic on Wednesday, hoping to attract major oil firms and start production in five years despite protests from local environmental groups, Reuters reported on April 2.
The Russian oil company Rosneft is considering several options for participating in oil projects in Iraq, Deputy Prime Minister Arkady Dvorkovich said on Saturday, March 29, Itar-Tass has reported.
Iraq is considering additional measures against Exxon Mobil Corp. over deals the company signed with the semi-autonomous Kurdish region, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said, Bloomberg reported on February 12.