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 enhance capabilities at GE Algeria...
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...
Energy News
Chevron CEO’s Pay Surges Amidst Widening Compensation Gap
In a recent securities filing, it has been revealed that Chevron’s CEO, Michael Wirth, received a substantial pay increase in 2023, reaching $26.5 million,...
Energy News
EIA Revises Projections for US Coal Exports Downward
The U.S. Energy Information Administration (EIA) has revised its projections for U.S. coal exports downward, attributing the adjustment to the collapse of the Francis...
Energy News
OPEC+ Holds Firm on Oil Supply Policy Amid Soaring Prices
Top ministers from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) have opted to maintain existing oil supply policies, leading to...
Energy News
Exxon Mobil Forecasts First-Quarter Operating Dip Due to Weaker Oil and Gas Prices
Exxon Mobil signaled a decline in first-quarter operating results on Wednesday, citing weaker oil and gas prices along with substantial losses in fuel derivatives.
The...
Energy News
Aramco Awards $7.7 bn EPC Contracts for Fadhili Gas Plant Expansion
Aramco has announced the engineering, procurement, and construction (EPC) contracts worth $7.7 billion for the expansion of Fadhili Gas Plant situated in the Eastern...
Energy News
Shell Appoints Greg Joiner as Head, Overseeing Renewables, Gas, and Power Marketing
Shell Energy, a division of Shell, has announced the appointment of Greg Joiner as its new head, overseeing renewable generation, gas, and power marketing....
Energy News
Aramco Reports Second-Highest Net Income Despite Economic Challenges
Aramco, the Saudi Arabian oil giant, announced its financial results for the year 2023, revealing a net income of $121.3 billion.
While this marks a...