Energy News
Exxon Mobil Receives OK for $60 bn deal to buy Pioneer Amidst Allegations of Collusion
U.S. regulators granted approval on Thursday for Exxon Mobil’s $60 billion acquisition of Pioneer Natural Resources, Reuters news report said.
However, the approval came with...
Energy News
U.S. oil and gas deals hit $51 bn in first-quarter: Enverus
The size of the U.S. oil and gas deals has hit a record $51 billion during the first quarter of 2024, data provider Enverus...
Energy News
TotalEnergies to buy additional 50% stake in SapuraOMV Upstream for $530 mn
TotalEnergies has signed an agreement with Sapura Upstream Assets (SUA) to acquire an additional 50 percent stake in Malaysian gas producer and operator SapuraOMV...
Energy News
Aramco Explores Strategic Investment in Hengli Petrochemical
Aramco, a leader in integrated energy and chemicals, has initiated talks with Hengli Group for buying 10 percent stake in Hengli Petrochemical.
The proposed deal,...
Energy News
Sonelgaz and GE Vernova Expand Joint Venture to Boost Energy Solutions in Algeria
GE Vernova’s Grid Solutions business, a leading provider of advanced grid technologies, and Sonelgaz, Algeria’s national electricity and gas company, have announced plans to...
Energy News
BP Announces Simplified Organizational Restructure to Drive Value Growth
BP has unveiled a streamlined organizational structure aimed at advancing its strategic objectives laid out in February 2024, with a focus on increasing the...
Energy News
IEA Predicts Global Oil Demand Growth to Slow
Global oil demand growth is experiencing a slowdown, with expectations of easing to 1.2 million barrels a day (mb/d) in 2024 and further to...
Energy News
Exxon Mobil CEO’s Compensation Climbs Amid Shareholder Discontent
Exxon Mobil has disclosed that its Chief Executive, Darren Woods, received a total compensation package of $36.9 million for the year 2023, marking a...