ExxonMobil Corp. Loses $225 Billion In Market Cap Against Chevron

Twice over the past two weeks, ExxonMobil has made headlines for all the wrong reasons.

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Saudi Arabia May Not Want To Ease Output Cuts In January

Saudi Arabia is mulling over canceling a planned relaxation of OPEC oil production cuts due to enter into effect next January, the Wall Street Journal reported, citing senior oil advisers from the Kingdom.

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Noble Corporation scores rig extension deal with ExxonMobil

Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.

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In a world with too much oil, OPEC+ sweats its next move

The world is awash with oil. Yet, in less than eight weeks, OPEC+ is set to pour even more barrels into the glut.

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Norway oil and gas industry assessing threatened strike escalation impact

Norway oil and gas industry is assessing the likely impact of a decision by an offshore managers union to step up a strike already thought to have cut output by as much as 330,000 b/d of oil equivalent

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Total becomes a 20% shareholder in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle (Occitan region).

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US Gulf of Mexico oil, gas operators continue evacuations ahead of Hurricane Delta

US Gulf of Mexico offshore oil and gas producers continued evacuating crews Oct. 6 with Hurricane Delta expected to strengthen before hitting the Louisiana coast later in the week.

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Saudi Arabia Pegs Budget to Oil at Around $50, Goldman Says

Saudi Arabia’s Finance Ministry is budgeting for oil prices to be around $50 a barrel for the next three years, according to a Goldman Sachs Group Inc. analysis of the kingdom’s fiscal plans.

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