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Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

Energy giants pledge $500 million to tackle climate change

- bp, Equinor, Shell, and TotalEnergies committed $500 million at COP29 to enhance global energy access and advance sustainable energy solutions

15.11.2024 Finance

Shell beats market expectations with $6 billion profit in 3Q24

- Energy giant's adjusted earnings exceeds forecasts by 12% despite lower oil prices and weaker refining margins

31.10.2024 Oil Finance

TotalEnergies, Equinor and Shell open facilities to store CO2 in Norway

- Northern Lights is slated to be world's first commercial CO2 transportation and storage project, with initial capacity of 1.5 million tons of carbon dioxide equivalent per year

26.09.2024 General

Türkiye's BOTAS, TotalEnergies sign 10-year LNG deal

- Agreement includes annual delivery of approximately 1.6 bcm of LNG to Türkiye across 16 cargoes for 10 years, starting in 2027

18.09.2024 Energy Diplomacy

Shell reports 18.6% profit fall in 2Q24

- Decline in company's second-quarter profit is driven by low prices and sales levels, as well as weak liquefied natural gas (LNG) trading

02.08.2024 Finance

EV drivers opt for longer routes to avoid bad charging experiences, report shows

-Study shows drivers willing to travel further for faster charging, retail options and dining facilities

16.07.2024 General

Azerbaijan seeks collaboration with Türkiye for COP29: Energy minister

-'Two countries have realized very lucrative projects not only for our nations but also for other countries and regions,' says Perviz Shahbazov

07.06.2024 Energy Diplomacy

Türkiye, Azerbaijan energy cooperation to benefit regional energy security

Turkish energy minister hails Southern Gas Corridor as ‘testament to power of regional cooperation’

05.06.2024 Natural Gas Oil General

Russia’s oil and gas budget revenues up by 82.2%

Russian Finance Ministry says country's budget revenue shows 50.1% increase to 11.7 trillion ruble in first 4 months of this year, relative to same period last year

13.05.2024 Natural Gas Oil

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Shell beats market expectations with $7.7 billion in 1Q24 profit

- Oil major announces commencement of another $3.5 billion buyback program for next 3 months

02.05.2024 Oil Finance

Norway’s Equinor reports almost $2.67 billion net loss in 1Q24

- Company’s revenue for January–March period totals $25.13 billion, compared to $29.22 billion for same quarter last year

25.04.2024 Oil Finance

Oil and gas producers eye quadruple investments despite climate commitments

At least 20 new oil and gas fields received go-ahead in 2023, according to Global Energy Monitor’s latest report

28.03.2024 Natural Gas Oil

Russia’s non-oil and gas revenues up 16% in 2023

- Share of non-oil and gas revenues in Russia’s consolidated budget rises 5% year on year in 2023, says head of Russian Federal Tax Service

20.03.2024 General

Equinor announces 15-year LNG deal with India’s Deepak

'Deepak’s new ammonia plant has created new gas demand in the growing Indian market,' says senior VP for Gas & Power at Equinor

19.02.2024 Lng/Lpg

Shell predicts over 50% surge in global LNG demand by 2040

LNG demand expected to reach around 625-685 million tonnes a year in 2040, says energy major Shell

14.02.2024 Lng/Lpg

Britain's Barclays to halt directly financing ‘new oil and gas projects’

Barclays revises Climate Change Statement to further its climate strategy and pledges to finance $1 trillion in sustainable and transition financing by 2030

09.02.2024 Finance