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Bidders scramble for Exxon’s U.K. North Sea assets

Bidders from state-owned companies to private equity-backed firms have been attracted to Exxon Mobil Corp.’s U.K. North Sea assets. This is as the U.S. oil giant seeks to exit the ageing region altogether, according to people with knowledge of the matter.

Libya’s oil output to increase as blockade ends

Libya's National Oil Company (NOC) has said it expected oil production to rise to 260,000 barrels per day (bpd) next week, as the OPEC member looks to revive its oil industry, crippled by a blockade since January.

Trump extends ban on Florida offshore drilling

The U.S. President, Donald Trump on Tuesday announced an expanded ban on offshore oil development near the coasts of Florida and the southeast U.S. as he made a case for his environmental record in the must-win Sunshine State.
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