Saudi Aramco has reported a fall in first-quarter net income, reflecting the turbulence of global energy markets and softer oil prices. However, the state-controlled oil giant underscored its commitment to shareholder returns with an increased base dividend, even as it recalibrates its overall payout strategy for the year to align …

Brazil is sending a message to the world that it can meet the needs of artificial intelligence (AI) with renewable energy, and the world is listening. The South American nation is flaunting its renewable energy sources and expansive energy grids to court tech companies to set up shop within its …

Despite having invested heavily in clean energy under former President Joe Biden, the U.S. is now falling back into old habits, which is driving up its greenhouse gas emissions. Since coming into office in January, President Donald Trump has introduced a wide range of policies aimed at increasing fossil fuel …

The CEO of the South Pars Gas Complex highlighted its role in supplying 73% of the country’s gas and announced the early start of major refinery overhauls, targeting a daily production rise of 10 to 15 million cubic meters. Speaking on the sidelines of the 29th International Oil, Gas, Refining …

Shell’s plans to juice output from its deepwater Perdido development in the U.S. Gulf of Mexico just ran into a delay-shaped pothole. Two new wells intended to lift production from the Great White unit—one of the stars of the Perdido complex—won’t come online until the end of the year, the …

Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan, as the sultanate seeks to raise cash to shore up its state finances and fund investments. State-owned firm Energy Development Oman SAOC is seeking partners for a …

The recent blackout in Spain and Portugal has reignited the debate around the closure of nuclear power plants across the European Union. Political forces such as the European Greens, alongside environmental organisations like the European Environmental Bureau (EEB) and Friends of the Earth Europe, have urged the EU to phase …

Solar radiation storms happen when a large-scale magnetic eruption from the sun accelerates charged particles in the solar atmosphere to very high velocities. This can cause protons to get accelerated to large fractions of the speed of light, meaning they can travel the 150 million km from the sun to …

Oil prices are on track to post a weekly gain amid expectations that the first U.S. trade deal post-tariffs, with the UK, could be a good sign of thaw in the tense trade relations ahead of the U.S.-China talks this weekend. As of 9:45 a.m. EDT on Friday, the front-month …

Nord Stream 2, the Switzerland-based company behind the gas pipeline project, has reached an agreement with its creditors to restructure its debt, a Swiss court in Zug said on Friday. Friday, May 9, was the deadline set by the court for Nord Stream 2 to restructure its debt and repay …