Shell to reduce Executive Committee from nine to seven members
Shell announced it will reduce the size of its Executive Committee (EC) from nine to seven members in a decisive move designed to simplify...
Chevron Capex surges 75% to $12.3 bn in 2022
Chevron Corporation’s investments increased by more than 75 percent from 2021, and annual U.S. production increased to 1.2 million barrels of oil equivalent per...
Record global petroleum consumption in 2024, with lower crude oil prices: EIA
The U.S. Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs...
Exxon Mobil suing EU to scrap windfall tax on oil cos
U.S. oil major Exxon Mobil is suing the European Union in a bid to force it to scrap the bloc’s windfall tax on oil...
Aramco reveals details about $11 bn petrochemical facility
Saudi Arabian Oil Company (Aramco) and TotalEnergies announced more details about the construction of its $11 billion petrochemical facility in Saudi Arabia.
Aramco will own...
EIA report on performance of top energy companies in Q3
U.S. Energy Information Administration (EIA) has released the latest report on the performance of 160 energy companies for the third-quarter 2022.
Brent crude oil daily...
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...
S&P Global Commodity Insights Energy Outlook 2023
The latest 2023 energy outlook from S&P Global Commodity Insights indicates that China’s COVID policy is the most important fundamental factor for global demand in...
Exxon Mobil and Chevron to increase outlays on energy projects
Exxon Mobil and Chevron – the two largest U.S. oil companies - disclosed plans to increase outlays on energy projects next year amid high...
Exxon Mobil hikes salary for CEO and top management
Exxon Mobil, the largest U.S. oil company, has increased the annual base salaries of its top boss and other executives for next year.
Exxon Mobil’s...
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