03 Feb 2021
Hit by pandemic, oil giants Exxon, BP post huge losses
Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil prices.
09 Oct 2017
PM Modi discusses India's energy sector with top oil CEOs
PM Narendra Modi along with Oil Minister Dharmendra Pradhan interacted with top oil and gas CEOs from around the world today.
02 Jun 2017
Five ways Trump's Paris agreement withdrawal impacts the world
President Donald Trump has announced his decision to withdraw the US from the 2015 Paris climate change agreement.
27 Apr 2017
Exxon fined $21 million for releasing 10mn pounds of pollutants
In a recent development, Exxon Mobil has been ordered to pay a fine of $19.9 million by a Texas-judge after its refining plant in Texas, illegally released over 10 million pounds of pollutants into the air.
22 Apr 2017
Trump denies Exxon sanction waiver to drill oil in Russia
The Trump administration has rejected ExxonMobil's request for a sanctions waiver to allow it to drill for oil in Russia with Russian state oil giant Rosneft.
21 Apr 2017
Exxon wants US sanctions waiver to start Russian oil project
American oil major Exxon Mobil has applied to the US Treasury Department seeking a waiver from US sanctions on Russia to allow it to resume its joint venture with Rosneft, a Russian state-owned oil giant.
17 Feb 2017
Tillerson meets Chinese Foreign Minister
US Secretary of State Rex Tillerson met Chinese Foreign Minister Wang Yi at the sidelines of the G20 meeting in Germany.
17 Feb 2017
Rex Tillerson to meet Sergei Lavrov at G20
Rex Tillerson will embark on his first overseas trip as the US Secretary of State, to take part in the G20 meeting in Germany.
02 Feb 2017
Rex Tillerson sworn in as US secretary of state
Rex Tillerson has been sworn in as US President Donald Trump's secretary of state (foreign minister).
02 Feb 2017
Exxon Mobil profits dive by 51%
Profits of the world's largest publicly traded integrated oil company Exxon Mobil dived sharply to USD 7.8 billion.
01 Feb 2017
Rex Tillerson advances as Donald Trump's Secretary of State
The nomination of Rex Tillerson was advanced to Donald Trump's Secretary of State by the US Senate; a final confirmation vote will take place later this week.
24 Jan 2017
Trump's top diplomat gets Senate committee approval by one vote
Rex Tillerson has been narrowly approved by the US Foreign Relations Senate Committee as secretary of state (foreign minister).
05 Jan 2017
Trump's secretary of state to get $180mn from former company
Rex Tillerson is the former chairman of oil giant Exxon and has been nominated by US President-elect Donald Trump as secretary of state (foreign minister).
24 Dec 2016
US President Obama permanently bans offshore oil and gas drilling
Outgoing US President Barack Obama banned offshore oil and gas drilling "permanently" in the majority of the US-owned northern waters.