By delivering solutions that help meet global energy needs and reduce greenhouse gas emissions, ExxonMobil plans to grow shareholder value. At the annual meeting of shareholders, Darren Woods, chairman and chief executive officer, explained how the company's strategy leverages its strengths and competitive advantages
It has been announced that Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij, both subsidiaries of Shell plc, have sold Shell Neft LLC, Shell's retail stations and lubricants business in Russia, to PJSC LUKOIL. All regulatory approvals have been received.
Equinor has stopped investing in Russia, stopped trading oil and gas products from Russia, and announced an impairment loss of USD 1.08 billion as of 31 March 2022.
To support fleets in meeting their sustainability targets, Shell has launched a new program called "Accelerate to Zero". Shell has created a mix of solutions that will drive decarbonization and integrate likeminded partners to tackle one of the biggest challenges fleet management faces today.
TotalEnergies has announced agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the fifth renewable energy company in the US.
In a major step forward for its planned blue and green hydrogen developments in Teesside in the north-east of England, bp has strengthened its partnership with ADNOC and Masdar of Abu Dhabi.
An initial public offering (IPO), which could value the Saudi company at about $1 billion by the end of this year, is being considered by Rawabi Energy Co., part of Rawabi Holding Co.Rawabi is looking to raise as much as $500 million before this potential IPO.
In a first-of-its-kind geothermal study, Petrofac, a leading international energy services provider, will assist CeraPhi Energy with their advanced closed loop system for repurposing oil and gas wells as geothermal energy sources.
A deal has been signed between TotalEnergies, Sempra Infrastructure, Mitsui & Co., Ltd., and Mitsubishi Corporation regarding the Hackberry Carbon Sequestration (HCS) project at Cameron LNG, a natural gas liquefaction and export facility located in southwest Louisiana, U.S.
Wintershall Dea is divesting its ownership of the Brage field and transferring the operatorship to OKEA, a mid-late life specialist operator.
