BP will cut its oil production in Azerbaijan by 76,000 barrels per day (bpd) in May and June as part of the ex-Soviet country's efforts to curb supply, state energy firm SOCAR said on Thursday.

Exxon Mobil posted its first loss in at least 32 years while Chevron Corp. deepened spending cuts amid the economic and industrial devastation wrought by the Covid-19 contagion. The worst may be yet to come.

A new report from the International Renewable Energy Agency (IRENA) show that, to save the planet, a massive transformation of the world’s energy system will need to occur, in which a large-scale shift to renewables and new carbon-free fuels is accompanied by a precipitous decline of hydrocarbons. The report gives solid numbers on what the world will look like in 2050 if the goals of the Paris Climate Accord are achieved.

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) have this week jointly announced tender for they development and operation of the region’s first high-voltage, direct current (HVDC) sub-sea transmission system, that will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid using.

Royal Dutch Shell cut its dividend for the first time since 1945, cutting its payout by two-thirds.

Oil and gas exploration and production companies, or E&Ps, are slated to lose a staggering $1 trillion in revenues in 2020, according to analysis by research firm Rystad Energy

Woodside Petroleum's final investment decision on the $11 billion Scarborough gas project will require stable oil prices and credit ratings, the company's CEO said on Thursday.

The Trump administration may announce as soon as Thursday a plan to offer loans to the ailing oil industry possibly in exchange for a financial stake, according to two people familiar with the matter.

Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage capacity helping it endure in the meantime.

Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.