“We have a strong sense of urgency,” chief executive Andrew Mackenzie told reporters following the company’s annual general meeting in Melbourne.
Oil Mining News
The world's hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts say.
Steve Williams, chief executive officer at Suncor, today announced the appointment of Mark Little, currently president, Upstream, as chief operating officer (COO).
New reports highlighting the environmental dangers posed by mineral exploitation at the Mining Arch have emerged, as Venezuelan officials try to convince Alrosa to invest in the project.
Suncor and PetroNor today announced the purchase by Suncor of a 41% equity interest in PetroNor, a petroleum products distributor across the James Bay and Abitibi-Témiscamingue regions of Quebec.
He built one of the world's largest gold producers. Now Ian Telfer is cornering Mexico's oil privatization.
BHP CCO Balhuizen says while 2017 marks "tipping point" for EVs entering mainstream of metals demand forecasting, in terms of sales mass move is further off.
U.S. President Donald Trump will shrink the size of two national monuments in Utah, Senator Orrin Hatch of Utah said on Friday, a change that will open parts of them to drilling and mining but which Democrats, environmental groups and Native Americans are vowing to fight.
Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market.
After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.
While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field.
Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.
The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.
China announced the creation of an oil futures contract that will be denominated in Yuan and convertible into gold.
The solar sector is reeling from confusion, and stock prices are reeling right along with it.
CEO Patrick Pouyanne said the company’s priority was "value over volume", adding that oil sands were among the high breakeven projects in Total's portfolio.
The sale of the Suffield assets to to International Petroleum Corporation is expected to close before the end of the year.
BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.
Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.
A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.
North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.
Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.
Deal boosts energy cooperation between Moscow and Beijing.
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
How it is possible for the price of oil to go both up and not up, and what would that mean for the oil industry?