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Kuwait Oil Company

EIA expects crude oil prices to remain lower than the highs of 2021

The U.S. Energy Information Administration (EIA) forecasts that global oil production will increase more quickly than demand in 2022, pushing crude oil and petroleum...
Chevron oil business

Chevron plans capital spending of $15 bn for 2022

Chevron Corporation announced capital spending program of $15 billion for 2022. The Capex of Chevron Corporation is at the low end of its $15 to $17 billion guidance range and...
Saudi Aramco investment

Saudi Aramco and RIL call off $15 bn deal: Reuters

Reliance Industries (RIL) and Saudi Aramco have called off a $15 billion deal for the state oil giant to buy a stake in the oil-to-chemicals business of...
BHP investment in renewable energy

BHP’s petroleum business to merge into Woodside

Woodside and BHP signed an agreement to merge BHP’s petroleum arm into Woodside to create a global top 10 independent oil and gas producer,...
Exxon Mobil business

Exxon Mobil to sell oil and gas properties in North Texas

Exxon Mobil has launched a sale of its oil and gas properties in the first major U.S. shale field, as part of a portfolio reshuffling...
Shell LNG

Shell ditches the Dutch, seeks move to London in overhaul

Royal Dutch Shell revealed it would move its head office to Britain from the Netherlands. The company, which faced questions from investors about its dual structure, aims to...
NTPC India power project

NTPC to set up Waste to Energy Plant for Rs 180 crore in Varanasi

NTPC Vidyut Vyapar Nigam (NVVN) has signed an agreement with Varanasi Nagar Nigam for setting up a Waste to Energy (WTE) Plant worth Rs...
RWE to break ground North Davon

RWE reports EBITDA of €2.397 bn in first three quarters

RWE has reported adjusted EBITDA of €2.397 billion in the first three quarters of 2021, despite weather-related impacts, caused in part by the extreme cold snap...
Exxon Mobil business

Petronas and Exxon Mobil to explore carbon capture and storage

Malaysia’s state energy firm, Petroliam Nasional (Petronas) has partnered with Exxon Mobil to jointly explore opportunities in carbon capture and storage (CCS) technologies in...
BHP investment in renewable energy

BHP sells 80% stake in BHP Mitsui Coal for $1.35 billion

BHP announced it has signed a Share Sale and Purchase Agreement to divest its 80 percent interest in BHP Mitsui Coal (BMC), an operated metallurgical...

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