Bloomberg Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Stavanger has left Bergen in Norway for the southern tip of Africa, Africa Energy Corp, Total’s partner in the project, said. While drilling work has dropped off dramatically ...

Bloomberg Exxon Mobil incurred an unprecedented second straight quarterly loss as almost every facet of the oil giant’s business slumped amid Covid-19 lockdowns that stunted economic activity. The explorer’s oil and natural gas unit took a hit of as much as $3.1 billion as prices for those commodities slumped, according to a regulatory filing. Margins in Exxon’s refining business contracted ...

Given the circumstances, it would be astounding if Americans were not in a sour mood over the July 4 weekend. Public opinion polls show that on a long list of subjects Americans are angry, pessimistic, disillusioned and fed up. They fear for themselves, their children, the economy, the United States’ role in the world and for their happiness. We know ...