BP station

BP-ADNOC JV to buy 50% in Israel’s natural gas producer NewMed for $2 bn

BP and Abu Dhabi’s state oil giant ADNOC have offered to acquire 50 percent of Israel’s offshore natural gas producer NewMed Energy for around $2 billion. The...
Saudi Aramco

Saudi Aramco boosts China investment with two refinery deals

Saudi Aramco raised its multi-billion dollar investment in China by finalising and upgrading a planned joint venture in northeast China and acquiring an expanded stake...
BP net zero targets

BP reveals progress on net zero targets

Energy major BP, which is aiming to become net zero across operations, production and sales, by 2050 or sooner, has released its sustainability report...
Shell India

Shell reveals achievements in its journey to net-zero emissions

Shell has revealed the net carbon intensity of the energy products sold by Shell had fallen by 3.8 percent by the end of 2022,...
Exxon Mobil business

Exxon Mobil plans to sell stake in Italy’s main regasification terminal

Exxon Mobil said it is planning to sell its majority stake in Italy’s main regasification terminal as part of a strategy to divest from...
Saudi Aramco

Aramco buys Valvoline lubricant products business for $2.65 bn

Saudi Arabian Oil Company (Aramco) has completed the acquisition of Valvoline lubricant products business for $2.65 billion. Aramco aims to become one of the world’s...
Chevron oil business

Chevron reaffirms spending of $15 billion

Oil major Chevron has reaffirmed its production guidance of more than 3 percent annual growth by 2027, while increasing spending in the United States. This...
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...
BP station

BP inks $1.3 bn deal to buy truck fueling provider TravelCenters

BP announced its $1.3 billion cash deal to buy truck fueling provider TravelCenters of America as the British energy giant seeks to expand its retail...
Shell France LNG

Shell starts production at Vito facility in US Gulf of Mexico

Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced that production has started at the Shell-operated Vito floating production facility in the US...

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