BP and Shell announced record annual profits of £23bn and £32bn respectively for 2022. BP and Shell have pledged to spend £18bn and £25bn respectively over the current decade on domestic low and zero-carbon energy […]
Saudi Aramco’s top official warned Sunday that an increased focus on climate was undermining investment in oil and gas to the point where it now posed a threat to the world’s energy security. Global investments […]
Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, announced that Saudi Aramco has discovered two new unconventional natural gas fields in the eastern region, the Saudi Press Agency (SPA) reported this week. […]
The world’s biggest petroleum exporter, a country built with oil money, and a founding member of the most powerful oil cartel on Earth, is now styling itself as a pioneer of climate change solutions. At […]
Saudi Arabian state oil producer Aramco beat forecasts on Nov. 1 with a 39% jump in third-quarter net income and reported record free cash flows, joining rivals in benefiting from higher prices and robust demand. Aramco’s net income rose to $42.4 billion for the three months to Sept. 30 from […]
Saudi Aramco’s total hydrocarbon output reached 14.4 million b/d of oil equivalent in the third quarter of 2022, as Saudi Arabia, the world’s largest oil exporting country brought on more supply to the oil markets […]
Saudi oil and gas giant Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support “a stable and inclusive” energy transition. Aramco disclosed the creation of “one of the world’s largest […]
Asian refiners are poised to conduct rigorous discussions and negotiations with major Middle Eastern crude producers in an effort to secure a steady inflow of Persian Gulf supplies on a longer term contractual basis amid […]
The lack of fungibility of the gas market is set to pose a major challenge for Europe in the near term, the heads of Saudi Aramco and Shell agreed today. Aramco’s Amin Nasser was relatively sanguine on […]
With Africa seeking to maximize the exploitation of its entire resource base including oil, gas, coal and renewable energy for a secure and sustainable energy mix that will support the continent’s efforts to accelerate electrification […]
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