Some of the world’s largest oil and gas companies have declared the highest-ever profits since people started using petroleum, rewarding shareholders with higher dividends and share buybacks while spending relatively little of it on renewable […]
NewsOil and Gas More than 11,000 Nigerians from the oil-producing Niger Delta region have filed a compensation claim against Shell at the London High Court. The case filed on Thursday by UK law firm Leigh […]
Shell Plc’s natural gas business can continue to grow after making record profits in 2022, as the global thirst for the fuel no signs of slowing, said Chief Executive Officer Wael Sawan. After years of questions over […]
ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for […]
By Irina Slav of OilPrice.com The Dutch government plans to close the Groningen gas field this year despite Europe’s precarious supply position. Groningen is the largest gas field in Europe. The field is dangerous, a […]
Shell will pay 15 million euros ($15.9m) to communities in Nigeria that were affected by multiple oil pipeline leaks in the Niger Delta, the oil company has announced. “The settlement is on a no admission […]
A group of investors has tabled resolutions urging four of the world’s top oil and gas companies to set broad climate targets for 2030, reviving pressure on the sector after a year that saw governments […]
Analysts are saying it may be time to sell Exxon Mobil (XOM) as the stock continues to rise, and oil prices have begun what appears to be a longer-term decline on an oversupply and reducing […]
NewsOil and Gas An appeals court in Milan has rejected Nigeria’s $1.1bn compensation request against Italian energy group Eni and British oil and gas company Shell in civil proceedings relating to a $1.3bn oilfield deal. […]
Oil and gas supermajor Shell has completed the sale of its 100 percent shareholding in its Philippines subsidiary to Malampaya Energy XP (MEXP), a subsidiary of Prime Infrastructure Capital. Shell said that this sale completion […]
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