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Business 5 years ago
Top oil companies hit brakes on search for new fossil fuels
The number of exploration licensing rounds dropped last year due to the epidemic while companies including Exxon Mobil, Royal Dutch Shell and France’s Total also reduced spending, Rystad Energy analyst Palzor Shenga said.
Business 5 years ago
Oil firms Apache, Total make second major oil discovery offshore Suriname
Oil producer Apache Corp and its joint venture partner Total SA said on Thursday that they made their second significant oil discovery of the year in a closely watched area off the coast of South America's Suriname.
Business 6 years ago
Indonesia removes price floor for unsubsidized fuels amid global oil price war
The Energy and Mineral Resources Ministry issued on Feb. 28 Ministerial Decree No. 62/2020 that erases a price floor for gasoline and diesel set by a previous decree, providing flexibility for distributors to reduce prices as low as possible.
