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 said.
Energy companies have rushed to...
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 global leader in integrated energy and chemicals, has initiated talks with Hengli Group for buying 10 percent stake in Hengli Petrochemical.
The proposed...
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...
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...