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Saudi oil giant Aramco's profit drops 12% in 2024 on lower prices, volumes

- World's biggest crude exporter announces net income of $106.2 billion in 2024

04.03.2025 Oil

bp announces $10 billion annual investment plan in oil and gas

- Energy giant to keep annual spending on energy transition initiatives, including renewables, at $1.5-2 billion, a $5 billion reduction from previously announced investment levels

27.02.2025 Natural Gas Oil

Global LNG surge to benefit Europe, Türkiye, and Asia: IEA chief

- 'Massive wave of LNG supply will soon hit markets, which will help lower gas prices,' says head of Paris-based energy watchdog

20.02.2025 Natural Gas General

Emerging economies to drive 85% of global electricity demand growth through 2027: IEA

- Growth in low-emission sources, primarily renewables and nuclear, will be enough to meet global electricity demand growth in 3-year, forecasts global energy watchdog

14.02.2025 Electricity

International Energy Agency to launch its own AI, energy observatory

- Data centers are being built faster than infrastructure needed to power them, says head of IEA

12.02.2025 General

bp posts %35.5 drop in profit amid weaker margins, market volatility

- bp net profits drops sharply in 2024 to $8.9 billion, down from $13.8 billion in 2023

11.02.2025 General

IEA chief warns of slower clean energy growth in coming few years

-As countries expand their market shares in clean energy, new taxes to protect industries may slow growth, leading to setbacks in sector over next 3-4 years, says Fatih Birol

22.01.2025 General

bp to axe around 4,700 jobs as part of cost-cutting drive

-Oil major also plans to reduce its contractor workforce by additional 3,000 positions

16.01.2025 General

CNOOC and Shell Announce Major Expansion of Petrochemical Complex in South China

- CNOOC and Shell Petrochemicals Company Limited (CSPC) is expanding in South China to deliver advanced petrochemicals and specialty chemicals by 2028

15.01.2025 General