China’s state-held oil and gas giant CNOOC Ltd raised its capital expenditure budget for this year to a record high to support growth in its reserves and production, the company said in its quarterly ...

Feb 3 (Reuters) - Oil companies are slashing investment in the face of a $100 per barrel collapse in crude prices but, keen to avoid past mistakes and to gain from others' weakness, the very biggest ...

French integrated oil company TotalEnergies announced on Monday it was reducing capital expenditures by $1 billion per year, the latest in a series of cutbacks announced by the industry. As part of a ...

Vitol Group, the world’s largest independent oil trader, plans to spend half of its $2-billion capital expenditure on renewables, the group’s chief executive Russel Hardy said at the Energy ...

Coterra Energy (NYSE:CTRA) has partially reversed its earlier decision to reduce its H2 2025 Permian development plans. It was initially going to operate 10 drilling rigs in the Permian during the ...

Earnings Call Insights: Murphy Oil Corporation (NYSE:MUR) Q4 2024 CEO Eric Hambly highlighted that Murphy Oil achieved significant debt reduction, decreasing total debt by approximately 60% since 2020 ...

Crescent Point Energy on Friday forecast lower capital spending and output in 2021, the latest oil producer to focus on ...

Oil and gas explorer Senex Energy will slash capital expenditure, and cut 15 per cent of its workforce after plunging oil prices cut the group's December quarter revenue by more than 30 per cent.