As revenues grow, ExxonMobil and Chevron pour cash at investors

Both corporations have avoided having to boost their capital investment to fund drilling and development.

Despite reduced oil and natural gas volumes, ExxonMobil and Chevron declared record earnings on Friday, returning billions of dollars to shareholders following record crude prices a...

Oil and Natural Gas Discoveries in 2021 Reach Lowest in Decades

Oil and Natural Gas discoveries all over the world have reached their lowest full-year level in 2021 for the past 75 years. The decline has been obvious since 2020.

Volumes discovered by November totaled 4.7 billion boe with no major discovery during the first three weeks of December. T...

ONGC'S SHARE IN INDIA'S OIL AND GAS PRODUCTION JUMPS TO 70 PERCENT

HIGHLIGHTS

• In past ten years, ONGC's share in India's Oil & Gas production has jumped to 70%.
• Gas output from the block is expected to be profitable for ONGC.
• India is going to start a new pricing regime from 1 APR 2021.
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SURVEY STATES 6 PERCENT FALL IN INDIA'S OIL PRODUCTION

HIGHLIGHTS

• Coal and Crude Oil have maximum share in the Indian energy consumption.
• Production of petro products/refinery products fall by 13.5% during APR-DEC FY21.
• Oil production reduced in India due to pandemic caused by coronavirus.
...

Sabah Energy hopes to find Japan-based natural gas investors

The advantage Sabah holds as a manufacturer of crude oil and natural gas is predicted to provide Sabah Energy Corporation Sdn Bhd, a state-owned corporation, a head-start in its search for Japan-based investors.

To join new forces in the gas and energy fields, the Sabah...