Companies

Oil majors – ExxonMobil and Chevron have reportedly taken steps to intensify their oil and gas investments despite calls for a global clean energy transition. Exxon’s $60 billion deal to buy Pioneer and Chevron’s deal to buy Hess for $53 billion have made global headlines this month. These purchases show …

ExxonMobil and Chevron have just announced mega acquisition deals to buy U.S. firms, which will boost the footprint of the U.S. oil supermajors in their domestic upstream market and the hottest exploration success of the past few years, Guyana. Betting on expectations of sustained global oil and gas demand and …

France’s inaugural floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) has successfully completed commissioning and commenced operations in Le Havre. The FSRU, named the CAPE ANN and owned by Höegh LNG, was built in 2010 with a storage capacity of 142,500 cubic meters. It is operated by …

Norwegian energy firm Equinor will submit a proposal to pre-qualify for Norway’s first offshore wind auction, the company’s CEO Anders Opedal told Reuters on Friday. Equinor has formed a consortium with Germany’s RWE for Soerlige Nordsjoe II, an area in shallower waters close to the maritime border with Denmark, where …

Shell plans to cut 15% of the 1,300 jobs in its Low Carbon Solutions business as it scales back some green energy ambitions and focuses on profitable projects including in the oil and gas sector. The UK-based supermajor plans to eliminate 200 jobs in its Low Carbon Solutions division next …

Saudi Aramco and Enowa, Neom’s energy and water subsidiary, have signed a joint development agreement to construct and establish a synthetic electro-fuel (e-fuel) demonstration plant. The plant will be located in Enowa’s Hydrogen Innovation and Development Centre (HIDC). The plant aims to demonstrate the technical feasibility and commercial viability of …

Eni SpA signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month. Starting in 2026, a joint venture between the Middle Eastern company and Eni will deliver as much as 1.5 billion cubic meters of LNG per year …

Three years ago, oil prices dipped below zero and Scott Sheffield’s company — like so many other producers — was in trouble. The long-time oil man had built Pioneer Natural Resources Co. from a family-run domestic driller into one of the largest acreage holders in the Permian Basin, a massive …

Equinor announced that production from the Breidablikk oil field in the North Sea started on Oct. 20, four months ahead of schedule and within budget. Tied back to the Grane platform, the subsea field holds almost 200 MMbbl of recoverable oil. The partners are Equinor (operator), Petoro, Vår Energi and …

Shell Plc will buy more liquefied natural gas from Qatar and supply the commodity to the Netherlands under a long-term deal, marking the Gulf nation’s second major contract with a European oil firm this month. Starting in 2026, QatarEnergy will deliver as much as 3.5 million tons of LNG to …