ExxonMobil plans to reduce the amount of natural gas it burns as waste by a quarter within two years.

(Bloomberg) -- Exxon Mobil Corp.

Australia's Santos terminates discussions with Harbour Energy.

May 22 (Reuters) - Australia's Santos said on Tuesday it terminated discussions with Harbour Energy and rejected the U.S.

CAIRO, May 22 (Reuters) - Egypt has set October 1 and October 8 deadlines for two major international tenders for oil and gas exploration spanning 27 onshore and offshore blocks, the oil ministry said on Tuesday.

Cuadrilla Resources has submitted an application to the Secretary of State for the Department for Business, Energy and Industrial Strategy for the consent to hydraulically fracture the UK’s first ever horizontal shale gas well.

SINGAPORE, May 22 (Reuters) - Singapore authorities have levied new charges against a group of fuel thieves operating at Royal Dutch Shell's oil refinery in the city-state, raising the value of the stolen fuel to over $40 million from around $10 million in earlier charges, according to court documents reviewed by Reuters on Tuesday.

BP says it plans to cut 3% of jobs in exploration and production.

May 22 (Reuters) - British oil giant BP Plc said it plans to cut 3 percent of jobs in exploration and production, as part of a restructuring of its global upstream business to make the division more efficient and competitive.

Oil settled slightly lower after trading near the highest price in almost 3 1/2 years.

(Bloomberg) -- Oil settled slightly lower after trading near the highest price in almost 3 1/2 years as new sanctions on Venezuela and shrinking U.S.

Cheniere says it has approved the construction of a third liquefaction unit.

May 22 (Reuters) - Cheniere Energy Inc said on Tuesday it had approved the construction of a third liquefaction unit, known as a train, at its Corpus Christi gulf coast oil rig export terminal in Texas, the first new liquefied natural gas project to go ahead in the United States since 2015.

BENGHAZI, Libya, May 20 (Reuters) - A group of unemployed Libyan youths will shut down oilfields in Marada town in the east unless demands for better state services are met, the group said on Sunday.

Oilfield services BOP Blow Out Preventer repair company gulf coast Simmons Edeco announced that it has secured a multi-million dollar contract with a “major” North Sea oil and gas operator.