Companies

The Trump administration granted Chevron a sanction exemption for its operations in Venezuela but only on the condition that no money from these operations would go to the Venezuelan government, Reuters reports, citing unnamed sources in the know. A week ago, Reuters reported that the U.S. government was considering a …

Earlier this week, Chevron completed its acquisition of Hess Corp. It was one of the largest deals in the oil and gas space in recent history, after Exxon’s takeover of Pioneer Natural Resources, finalized in 2024. With that out of the way, the question begs to be asked: could the …

Amazon Web Services has cancelled plans for a €300-million server rack manufacturing plant in Dublin’s Ballycoolin industrial zone, citing an inability to secure timely electricity access from Ireland’s grid operator, ESB Networks, Irish media reported on Friday. The facility, which would have supported Amazon’s expanding AI infrastructure, was expected to …

Shell has taken a final investment decision (FID) on the development of the Mina West offshore gas field in Egypt’s Mediterranean waters, a move aimed at alleviating the country’s widening domestic supply gap and reinforcing its integrated gas strategy. The announcement, made jointly with Kuwait Foreign Petroleum Exploration Company (KUFPEC), …

Strong demand for natural gas-related services helped Baker Hughes beat expectations for its financial performance in the second quarter of the year, as the company boasted a record order backlog for the period in its Industrial and Energy Technology segment. Baker Hughes booked a net income of $710 million for …

BP has appointed Albert Manifold as its new chairman, selecting the former CRH chief executive to lead the board at a time of heightened investor pressure and strategic uncertainty. Manifold will join BP as chair-elect on September 1 and take over from Helge Lund on October 1, the company said …

Shell has received environmental authorization to drill up to five deepwater wells to explore for oil and gas off the west coast of South Africa. “Should viable resources ?be found offshore, this could significantly contribute to? South Africa’s energy security and the government’s economic development programmes,” the supermajor said in …

Adnoc slashed its greenhouse gas emissions by 6.6 million tonnes in 2024, as the state energy company accelerated efforts to become one of the world’s lowest-carbon oil and gas producers, its latest sustainability report said. The report brings total cumulative emission reductions since the energy provider started reporting in 2022 …

TotalEnergies is taking a bold step in supporting Nigeria’s energy goals with the Ubeta gas field project in the OML 58 onshore license in Nigeria, now in its execution phase. The project is set to deliver a plateau of around 70,000 barrels of oil equivalent per day including condensates, a …

Under pressure to increase payouts to Saudi Arabia, the Kingdom’s state oil giant Aramco is considering selling up to five gas-fired power plants in deals that could raise some $4 billion, sources familiar with the plans told Reuters on Friday. Aramco has seen profits – and payouts to the Kingdom …