TotalEnergies, along with Italy’s Eni and the UK’s BP and Shell, have been at the vanguard of securing new oil and gas supplies for Europe to substitute for lost energy supplies from Russia since its invasion of Ukraine in February 2022.
Saudi Aramco, the world’s largest oil company, has made headlines once again with its lower Q1 profits of $31.9bn, which is a 19.25% decrease compared to the same period a year earlier when it made $39.5bn.
Morocco is at a crossroads. Its ecological conditions, with the sun of the Sahara and the wind of the Atlantic coast, make it a prime candidate for massive-scale solar and wind farms.
BRASíLIA, May 9, 2023 – Petrobras’ Anna Nery FPSO has begun production at the Marlim and Voador offshore fields on the Campos Basin in Brazil, the Brazilian NOC announced on Monday.
Washington (AFP) – Facing a deep economic crisis, Pakistan has started to buy Russian oil, but the country’s petroleum minister says the future lies in diversified, especially green, energy.
President Muhammadu Buhari has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take over the supervision of all crude oil export terminals in the country.
Saudi oil giant Aramco on Tuesday reported a first-quarter net income of $31.9 billion, down by 19% from the first quarter of 2022 as macroeconomic concerns dragged down oil prices between January and March 2023.
Crude oil prices began Tuesday trade with a dip as traders brace up for the April inflation data, to be released on Wednesday.
The U.S. average gasoline price has fallen for the third week in a row, falling another 7.5 cents per gallon from a week ago, according to GasBuddy data.
Brent crude oil was up nearly 2% on Monday, largely driven by the easing of economic slowdown fears in the U.S.