Chevron Records Best Yearly Earnings For 7 Years
Chevron (NYSE: CVX) had a record-high free cash flow and its strongest annual earnings since 2014, thanks to rising oil and gas prices and an economic comeback in 2021. In...
Read More 
Energy Transition “Is Not Going Smoothly” – Saudi’s Aramco CEO
The energy transition “is not going smoothly,” the Chief Executive of Saudi Aramco, Amin Nasser, said on Thursday, calling for continued investment in oil and gas until low-carbon energy could...
Read More 
TransGlobe Energy, Pharos Energy Sign New E&P Contracts in Egypt
TransGlobe Energy and Pharos Energy have signed new concession agreements with Egypt's Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation to conduct E&P activities in the...
Read More 
ADNOC Prepares for First Bond Issue; Begins Diversification Journey
As part of its efforts to diversify its income away from oil, Abu Dhabi National Oil Company (ADNOC) has established a new organisation that will offer the UAE's first bond....
Read More 
Saudi Arabia’s Natural Gas Production Increased by 30% in a Decade – EIA
Saudi Arabia's natural gas production increased by 30% in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, according to the US Energy Information Administration...
Read More 
Oil Prices Hit $90 for the First Time Since 2014
While rising tensions in the Russia-Ukraine war generated market anxieties about potential supply disruptions, oil markets rose behind a broader market bounce. Futures in New York increased by as much...
Read More 
ConocoPhillips is Bullish on the Price of Oil – CEO
ConocoPhillips CEO Ryan Lance expressed his optimism about the price of oil during the Argus Americas Crude Summit in Houston on Monday. He claims that the consolidation effort will not...
Read More 
Shell Makes Significant Oil & Gas Discovery Offshore Namibia – Reports
Shell has discovered a large oil and gas discovery offshore Namibia, according to Reuters, which cited three industry sources. Namibia is projected to be one of the hotspots for exploration...
Read More 
Mexican Energy Minister Responds to Criticism of Dos Bocas Refinery
According to Energy Minister Rocio Nahle, the new Dos Bocas refinery that Mexico’s government is building to reduce the country’s dependence on fuel imports is “being built in record time....
Read More 
ExxonMobil to Achieve Net-Zero Greenhouse Gas Emissions by 2050
ExxonMobil, one of the world's largest oil companies, has announced plans to achieve net-zero greenhouse gas (GHG) emissions for all of its operating assets by 2050, in line with the...
Read More