The global oil market is poised to enter a prolonged downturn in crude prices, potentially lasting several years. The world's largest oil companies, including BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are taking …
A proposed price cap on Russian oil exports will only work if countries beyond Europe and the United States join the scheme, Shell Chief Executive Ben van Beurden said. The G7 group of countries agreed on Tuesday to impose a ban on …
Lukoil will rebrand over 400 Shell’s retail stations acquired last month as the Finnish Teboil, the oil major said in a statement on Tuesday. "Following extensive discussions with the leaders and employees of Shell's …
Lukoil has completed the acquisition of over 400 Shell retail stations and lubricants blending plant in Russia, the oil major said in a statement on Wednesday. "The final agreement on acquisition of Shell's Russian retail and …
Russia's second-largest oil producer Lukoil will buy Shell's Russian retail and lubricants businesses, the companies said on Thursday. The deal includes 411 retail stations, mainly located in the Central and Northwestern …
Oil major Shell has announced that it will write off between $4 and $5 billion in the value of its assets after pulling out of Russia. Thursday’s announcement offers a first glimpse at the potential financial impact to …
UK-Dutch petroleum giant Shell announced on Tuesday its intention to gradually withdraw from all oil and gas projects in Russia, adding it will stop all spot purchases of Russian oil as a first step. "Shell plc (Shell) today …
Oil and gas concern Shell will not participate in the Nord Stream 2 project, the company announced. "The Board of Shell plc ("Shell") today announced its intention to exit its joint ventures with Gazprom and related …
Russian energy giant Gazprom said on Monday it had delivered its first carbon-neutral shipment of liquefied natural gas (LNG) to Europe. Gazprom said its shipment of Russian LNG, which it said was made carbon neutral by offsetting …
Can BP and Shell embrace completely new methods?
Poland’s anti-monopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million) for lack of cooperation in its proceedings with regard to the Nord Stream 2 pipeline project. Poland sees Nord Stream …
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes worth about $1 billion in four major European oil companies, the Wall Street Journal reported, citing people familiar with the matter. …
Ahead of its expected IPO, Aramco now has 100 percent stake in the Texas facility
Energy majors developing the Karachaganak gas condensate field will pay $1.1 billion to Kazakhstan to settle a profit-sharing dispute, Kazakhstan's Energy Ministry said. Kazakhstan and the consortium led by Shell and Eni will also …
The founder and head of SyEnergy on the prospects for development of the liquefied gas market
Shell and Total have signed agreements to invest in gas resources offshore Iran, as Saudi Aramco looks to rejuvenate Arabian Gulf fields
Iran has qualified 29 international companies to bid in tenders for oil and natural gas development projects as the company seeks foreign investment to revitalize its industry following the end of international sanctions. The …
Iran has increased its sales of crude oil as well as condensate to global energy giants Shell and BP, the Director for International Affairs of the National …
Poland and several other Central and Eastern European states have opposed the project
Iran has emerged as a swing oil supplier for Turkey in 2016, enabling Ankara to significantly reduce the amount of crude oil purchased from Russia. Iran has been able to play this vital role for Turkey because of the remarkable jump in Iranian …
