Wednesday, July 16, 2025
Exxon, Chevron and Petrobras win exploration rights for disputed offshore Brazil region- oil and gas 360

Exxon, Chevron and Petrobras win exploration rights for disputed offshore Brazil region

(World Oil) –  Petrobras, Exxon Mobil Corp. and Chevron Corp. have won exploration rights in Brazil’s Equatorial Margin, betting that the nation’s environmental regulator will finally open the promising offshore oil region for drilling after years of delay. Brazil sold 19 out of 47 blocks offered in Foz do Amazonas basin in deep waters near the equator, making it the

Big oil shrugs at $60 crude—for now- oil and gas 360

Big oil shrugs at $60 crude—for now

(Oil Price) – The biggest international oil firms used the first-quarter earnings calls to reassure investors that Big Oil is in a ‘business as usual’ mode at oil prices at $60 per barrel. As ExxonMobil, Chevron, Shell, BP, and TotalEnergies reported their Q1 earnings and provided guidance for the second quarter and the rest of the year, oil prices were ending one of

BP, Shell, and Exxon signal one thing: Oil isn’t going anywhere- oil and gas 360

BP, Shell, and Exxon signal one thing: Oil isn’t going anywhere

(Oil Price) – Ever since BP admitted that its attempt to go green had ended in a disaster, the flow of news from the energy industry has been in one single direction: back to oil and gas, which make money. Indeed, Big Oil has finally accepted it will not transform into Big Green Power and has gone back to what it

Chevron and Exxon target data centers with reliable gas power- oil and gas 360

Chevron and Exxon target data centers with reliable gas power

(Oil Price) – The supermajors are moving into power generation, tempted by forecasts of a looming surge in demand. Yet there is a twist: the temptation is natural gas generation. Wind and solar—typically described as green or clean power—are turning into a fiasco for Big Oil. Chevron and Exxon both recently said they were planning to venture into the exciting—and quite