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Oil & Gas Trade
Petrobras' Green Venture: From Oil Giant to Hydrogen Exporter?
Petrobras, Brazil’s state-controlled oil giant, is setting its sights on the burgeoning hydrogen market. Mauricio Tolmasquim, Petrobras’ Director of…
Hydrogen Production
Shell Commits $1 Billion to Hydrogen and CCS Investments
In a significant move toward decarbonization, oil giant Shell has announced its plan to invest up to $1 billion annually in hydrogen and carbon capture and stor…
Oil Field
Aramco to Develop 400 MCF per Day Iraqi Gas Field
Saudi oil giant Aramco will develop a gas field in Iraq that could produce more than 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel-Ghani…
Hydrogen Production
Aramco Puts Blue Hydrogen Plans on Hold Due to High Costs and Lack of Off-Takers
Saudi oil giant Aramco has announced that it is putting its plans for blue hydrogen on hold due to high costs and the lack of off-takers.Blue hydrogen is produc…
Floating Offshore Wind
China’s First Deep-Sea Floating Wind Platform Is Complete
The construction of China’s first deep-sea floating wind power platform is ready to come online.This floating wind platform is known as Haiyou Guanlan, an…
Natural Gas
Totalenergies, Sinopec Pitched For Role in Saudi Gas Project
Saudi Arabian oil giant Aramco is in a "listening phase" on proposals from refining giant Sinopec and French oil major TotalEnergies for a slice of a shale gas …
Oil & Gas Trade
Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization
KEY POINTSPolicymakers in a number of countries are calling for windfall taxes on major oil and gas companies, many of which saw record profits in the last year…
Natural Gas
Saudi Arabia Makes More Unconventional Gas Discoveries
Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country.
Oil Field
Chinese Oil Giant Spends $1.9 Billion on 5% Stake of Huge Brazilian Oilfield
China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, t…
Oil Field
Oil Giant Schlumberger Rebrands Itself as SLB for Low-Carbon Future
Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a l…
Oil Giant Shell Snaps up African Solar Provider Daystar Power
Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday.
Crude Oil
Saudi Aramco Profit Soars on Higher Prices and Refining Margins
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…
Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom
Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…
Hydrogen Project
Oil Giant BP Swoops for Largest Stake in $36BN Green Hydrogen Mega-Project in Australia
Supermajor to take 40.5% share and lead operation of 26GW Asian Renewable Energy Hub in Western Australia
Oil & Gas Supply
Exxon Passes $100 Mark for First Time Since 2014
ExxonMobil stock saw a more than 2% boost in share prices on early Wednesday trading, marking a significant comeback for an oil giant that has recently fallen o…
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