Energy News
TotalEnergies to sell 50% stake in Total PARCO Pakistan to Gunvor Group
TotalEnergies has announced the sale of its 50 percent stake in Total PARCO Pakistan (TPPL) to Gunvor Group, a prominent global commodities trading company....
Energy News
Gautam Adani to step down by 2030s, transitioning control to next generation
Gautam Adani, chairman of the Adani Group, has revealed plans to step down at the age of 70, passing control of his business empire...
Energy News
Exxon Mobil vs Chevron achievements in lower carbon business in Q2
Exxon Mobil has revealed its achievements in lower carbon businesses in renewable energy industry during Q2 2024.
Exxon Mobil has reported earnings of $9.2 billion...
Energy News
MET Group signs EUR 1.1 billion borrowing facility led by ING Bank
Swiss-based MET Group, a leading energy company in Europe, has signed a EUR 1.1 billion Borrowing Base Facility (BBF) for its Sales and Trading segment.
The...
Energy News
Aramco completes $6 billion bond issuance
Aramco, one of the world’s leading integrated energy and chemicals companies, has completed a bond issuance of $6 billion.
The issuance is comprised of three...
Energy News
Aramco awards over $25 bn in contracts for strategic gas expansion
Aramco has announced the awarding of contracts exceeding $25 billion as part of its strategic plan to expand gas production by over 60 percent...
Energy News
Aramco signs 20-year LNG purchase deal with NextDecade
Aramco has signed a non-binding Heads of Agreement (HoA) with NextDecade Corporation to buy LNG from the US-based company.
Aramco, as part of the 20-year liquefied...
Energy News
EIA Projects 8% Increase in Permian Basin Crude Oil Production for 2024
The U.S. Energy Information Administration (EIA) forecasts a significant boost in crude oil production from the Permian Basin, predicting an average output of about...