Energy News
Shell Initiates Sale of a Quarter of its Solar Business in US
Shell has initiated the sale of approximately a quarter of its US-based solar business, Savion, Reuters news report said.
The move to sell a part...
Energy News
Aramco Boosts Reserves at Jafurah Unconventional Field
Aramco, a leader in integrated energy and chemicals, has announced a substantial increase in proven gas and condensate reserves at the Jafurah unconventional field...
Energy News
Saudi Aramco Bolsters Localization Efforts with $6 bn Procurement Agreements
In a significant move aimed at advancing its strategic localization program, Saudi Aramco, a global leader in integrated energy and chemicals, has inked 40...
Energy News
BP Reports $3 bn in Q4 Earnings Amid Strategy Shift
BP has reported profit of $3 billion in Q4 2023. The company attributed this strong performance to buoyant gas trading and improved oil and...
Energy News
U.S. Natural Gas Consumption Hits Record High in January
The U.S. Energy Information Administration (EIA) reports that natural gas consumption in the United States reached an all-time high in January, hitting 118 billion...
Energy News
Chevron Reports $15.8 bn Capex for 2023 Despite Industry Challenges
Chevron, the second-largest U.S. oil producer, said Capex in 2023 rose 32 percent to $15.829 billion from $11.974 billion in 2022.
The increase in the...
Energy News
Exxon Mobil Lowers Capex Estimate to $23-25 bn Despite Robust 2023 Profit
Exxon Mobil, the largest U.S. producer of oil, unveiled its strategic financial outlook, disclosing plans for capital spending ranging from $23 billion to $25...
Energy News
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...