Shell LNG

Shell sells stake in Baram Delta for $475 mn

Shell has agreed to sell its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production...
Saudi Aramco

Aramco posts significant drop in net income to $31.9 bn in first-quarter

Aramco has reported net income of $31.9 billion in the first quarter of 2023 vs $39.5 billion in Q1 2022. Aramco President and CEO Amin...
Kuwait Oil Company

OPEC+ oil producers reveal oil output cuts of 1.16 mn barrels per day

Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day, Reuters news report said. The development...
RWE wind power partner

RWE Names Peter Krembel as CEO as Top Management Undergoes Reshuffle

RWE today announced the appointment of Peter Krembel as CEO as the leading energy company undergoes reshuffle in the top management. At the onset of...
Shell France LNG

Shell explores new CCUS project in East China

Shell said it signed an agreement with Chinese state refiner Sinopec and steel group Baowu as well as German chemical giant BASF to study a carbon...
Murray Auchincloss, CEO of BP

BP Appoints Murray Auchincloss as Chief Executive Officer

BP has announced the appointment of Murray Auchincloss as the company’s Chief Executive Officer (CEO), effective immediately. Murray Auchincloss, who has been serving as the...
TotalEnergies India business

TotalEnergies plans Capex of $5 bn for low-carbon energy

French oil major TotalEnergies said it expected net investments of $16-18 billion in 2023, including $5 billion for low-carbon energy. TotalEnergies posted a record net profit...
Amaze

Amaze Revolutionizes Power Backup Solutions in India with New Energy Range

Amaze, a leading provider of power backup solutions in India, has taken the energy industry by storm with the launch of its innovative energy...
Shell Capex 2023

Shell Reports $28 bn Annual Profit Thanks to LNG Trading

Shell, a leading energy company, has revealed an annual profit of $28 billion, fueled by strong liquefied natural gas (LNG) trading. Despite a 30 percent...
Exxon Mobil business

Exxon Mobil confirms its workforce fell by 1,000 last year

Oil major Exxon Mobil said its global workforce fell by 1,000 last year to 62,000 employees as part of cost-cutting designed to boost shareholder...

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