Shell is reportedly looking to sell some of its Shell Ventures portfolio.
Shell is examining the possibility of selling investments in some companies that are part of its Shell Ventures portfolio. One source said that the British oil giant will retain…
APA exceeds its quarterly profit forecasts as lower costs offset the weak price, output
Oil and 'gas company APA beat the fourth-quarter profit estimate?on Friday. This was helped by lower operational costs that offset the impact of weaker commodity prices & a decrease in?production.
A woman who sued Meta and YouTube for social media addiction is set to testify in court
On Wednesday, a young California woman will testify about how her childhood use on Meta Platforms' Instagram or Google's YouTube has affected her mental health. This is a landmark case in her social media addiction.
Sources say that OPEC+ will consider an increase in oil production of 137,000 bpd for April.
OPEC+ will likely consider?raising their oil output by 137,000 barrels a day for April. Three sources familiar with OPEC+'s thinking stated that the group is preparing for the…
Sources: Saudi Arabia increases oil production and exports to prepare for a US attack against Iran
Saudi Arabia has increased its oil exports and production as part of an emergency plan, in case a U.S. attack on Iran disrupts Middle East supplies. Two sources familiar with this plan told Reuters on Wednesday.
Saipem is poised to return to Venezuela following the easing of U.S. sanctions
Alessandro Puliti, the chief executive of Italian oil contractor Saipem, said that it is prepared to resume operations in Venezuela after the lifting of U.S. sanction - as they…
Sources say that OPEC+ will consider an increase in oil production of 137,000 bpd for April.
OPEC+ is likely to consider raising its oil production by 137,000 barrels a day in April, according to three sources familiar with OPEC+'s thinking. The group is preparing for the peak summer demand…
The woman who sued Meta and YouTube for social media addiction took the witness stand in court
As her landmark trial continues in Los Angeles, a California woman will testify Wednesday in court about the impact of using Meta Platforms’ Instagram and Google’s?YouTube when she was a child on her mental health.
Angola’s national oil company is looking to diversify its business into minerals that are critical.
Sonangol, the state-owned Angolan oil company, said Wednesday it wants to diversify its business into minerals that are critical for economic growth. Sonangol's executives told…
Citic Resources opens new Singapore office to double trading volumes, says exec
CITIC Resources Holdings set up an energy trading 'office' in Singapore. It aims to double the volume of its oil and gas trade to 50 million barrels within three to five years.
EOG Resources exceeds profit expectations on the back of strong production and higher gas prices
EOG Resources beat estimates for the fourth quarter profit on Tuesday as higher natgas and output prices offset a drop in crude oil prices. U.S. Natural Gas Futures increased…
Executives say that the oil industry needs to increase production at $70 per barrel.
Executives said that the oil industry needs to see crude prices rise and maintain at $70 per barrel in order to increase production. Vicki Hollub is the CEO of U.S. Oil. She said that U.S.
Kazakh Kashagan oil field operators file arbitration for $4.6 billion fine
Shell, TotalEnergies, Eni and other shareholders of Kazakhstan's Kashagan Oilfield filed an arbitration case against a fine for environmental violations in 2023. The consortium announced this on Tuesday.
Russell: Copper is the driving force behind BHP and Rio but getting more of it is the key.
Copper's role as a major profit driver is highlighted in the latest results of BHP Group and Rio Tinto. However, they also highlight how difficult it will likely be to gain more exposure for this industrial metal.
EU countries approve a weakening of company sustainability laws
After months of pressure, the EU has finally approved a reduction in rules that require companies to consider environmental and human rights risks within their supply chains.
TSX futures are edging lower as gold retreats, with bank earnings being the focus
The futures for Canada's main index of stocks?edged down on Tuesday as gold prices declined, and investors awaited the quarterly results from major banks. As of 5:18 a.m., March?futures…
Kazakh Kashagan oil field operators file arbitration for $4.6 billion fine
Shell, TotalEnergies, Eni and other shareholders in Kazakhstan's Kashagan oilfield, have begun arbitration proceedings to challenge a $4.6 billion environmental fine for 2023, according to a Shell spokesperson.
Woodside posts smaller-than-expected annual profit; CEO update imminent
Australian oil and gas ?producer Woodside Energy posted a ?smaller-than-expected fall in annual profit on ?Tuesday, ?as robust production offset weaker realised prices, and…
Eni will make final investment decision on Indonesia gas projects in the next month, says regulator
Djoko Siswanto, the head of Indonesia's upstream gas and oil regulator SKK Migas, told reporters that the Italian company?Eni is expected to make a final investment decision…
In mid-2026, Inpex will invite bids for the construction of Indonesia's Abadi Liquefied natural gas project.
Inpex, a Japanese oil and natural gas exploration company, said that it would begin the engineering tender for its Abadi project in Indonesia by the middle of this year. Jakarta…