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BP reports profit of $3.1 billion in June quarter

BP reported profit of $3.1 billion during the first quarter of fiscal 2022 as compared with $4.7 billion for the first quarter 2021. This result...

Chevron to cut capital spending forecast to $13 billion

Chevron said it would cut its annual capital spending forecast to about $13 billion, now below what it had spent last year. It had...

Exxon Mobil lowers Capital spending for 2021

Exxon Mobil said its 2021 capital spending is expected to be at the lower end of the prior range of $16 billion to $19...

Indian Oil reports Rs 155,056 crore revenue in June quarter

Indian Oil (IOC) has reported revenue of Rs 155,056 crore for the first quarter of financial year 2021-22 as compared to Rs 88,939 crore...

NTPC seeks EoIs from discoms and industries to purchase electricity

India’s leading power producer NTPC has invited expressions of interest (EoIs) from electricity distribution companies (discoms) and industries to purchase electricity. NTPC supplies power directly to discoms,...

Shell-Chevron JV targets deep-water development in the U.S. Gulf of Mexico

Shell Offshore announced the final investment decision (FID) for Whale, a deep-water development in the U.S. Gulf of Mexico that features a 99 percent...

Shell starts production on Block 5C in Trinidad and Tobago

Shell Trinidad and Tobago announces that production has started on Block 5C in the East Coast Marine Area (ECMA) in Trinidad and Tobago. This marks...

Global miner BHP may exit from oil and gas business

Global miner BHP Group is considering getting out of oil and gas business as it looks to speed up its retreat from fossil fuels, Bloomberg...