Revenue dropped 8 percent to $98 billion in the same period.

Dubai, United Arab Emirates -- Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied natural gas project in the United Arab Emirates, state energy giant ADNOC said Wednesday.Japanese trading company Mitsui & Co. will also acquire 10 percent of the Ruwais LNG plant, scheduled...

Rumaylah, Iraq - Hussein Julood is taking legal action against British energy giant BP after he lost his son to leukaemia, which he alleges was caused by gas flaring at Iraq's largest oil field.The bereaved father, who lives near the Rumaila field in the southern province of Basra, is demanding...

The energy major's share price gained almost 2 percent.

It plans to hike investments in the country to US$5 billion.

The JV is expected to be completed in the second half of 2024.

It will deliver US$1.75bn in buybacks for Q4 of last year.

Muscat, Oman--Oman LNG has entered into a sale-and-purchase agreement (SPA) with BP to deliver a total of 1 million metric tonnes per annum (MTPA) of LNG to BP.The agreement strengthens the robust relationship between Oman LNG and BP, with which the company has previously signed SPAs to supply reliable energy...

The oil giant had posted a net loss of $2.2bn the previous year.

Doha, Qatar -- QatarEnergy has been awarded a new exploration block offshore Egypt as part of the 2022 EGAS International Bid Round.The results of the competitive bid process were announced by Egypt's Ministry of Petroleum and Mineral Resources, awarding exploration and production rights for block EGY-MED-E8 (East Port Said) to...

The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from fossil fuels, according to a court filing. The case was filed in superior court in San Francisco against ExxonMobil,...

According to Carbon Tracker, the weakest emissions reductions commitments came from US major ExxonMobil and five majority state-owned oil firms: Saudi Aramco, Brazil's Petrobras and Chinese companies Sinopec, PetroChina and CNOOC. Aramco was ranked at the bottom because it was the only company to limit emissions reductions targets to assets...

Online celebrities best known for posting about video games are also dropping in unexpected plugs for gasoline stations, fuel rewards and club cards. In India, Mexico, South Africa and the United States many spots were found that promoted major oil firms such as BP, Chevron, ExxonMobil, Shell and TotalEnergies on...

From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year. BP was the last to report earnings, reporting Tuesday a...

Despite the drop, BP hiked dividend.

The Saudi company posts net profit of $31.9bn, down 19.25 percent from a year earlier.

The surging profits prompted outcry from critics as Britons face a cost-of-living crisis, which has topped the agenda for Thursday's local elections in England. They have also rekindled calls for more taxation to help offset sky-high household energy bills caused by key producer Russia's war on Ukraine.

In Q1 2022, BP posted its biggest loss ever at $20.4bn.

BP in February announced that it expected to boost its profits between now and 2030 by investing more in both renewable energy and hydrocarbons, slowing the pace of its transition. Environmental group Greenpeace, which only last year was calling BP "the most ambitious" of the global majors, criticised the plans,...

The participation of Emirati firm ADNOC is the latest sign of the quickening normalisation of relations between Israel and the UAE since their opening of diplomatic ties in 2020.

The company posted annual loss of $2.5 billion.

The post-tax figure was more than double the amount.

Mozambique has started exporting liquefied natural gas (LNG) produced in the country's restive north, President Filipe Nyusi said. The first export shipment of gas from the off-shore Coral Sul plant, managed by Italian company Eni, has left the country, Nyusi said in a video statement. He said the shipment was...

Tripoli, Libya---Libya is aiming to nearly double its oil output to two million barrels per day by 2027, the head of its National Oil Company has said. "We're working on raising production to two million barrels per day in the next three to five years," Farhat Bengdara said in an...

Energy security, enhancing partnerships were discussed.

BP bought US firm to reach net zero emissions by 2050.

British oil giant BP returned to profit in the second quarter on the back of soaring energy prices, following a big loss due to its exit from Russia over the war in Ukraine, company results showed Tuesday.

Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as the largest renewable power station on earth.

The three firms will create green hydrogen and sustainable aviation fuel.

Eni will sell its stake in Blue Stream following moves by rivals BP and Shell to divest from Russia-linked projects after Moscow invaded Ukraine.

Big oil companies said their 2021 profits were $66.7 billion.

The company aims to cut emissions by 50 percent by 2030.

The Saudi Arabian oil company Aramco, the world’s largest integrated energy and chemicals company, is expanding its global downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments. The company has agreed to acquire equity stakes of 30 percent in a 210,000 barrels per day refinery in...

Adnoc has inked deals with British Petroleum and Masdar for this.

The UAE’s oil production limit fixed by the OPEC+ in 2018 is not a reflection of its full production capacity, which rose from 3.17 million barrels per day in that year to over 3.8 MBPD in April 2020.

*MoU includes possible cooperation in greenhouse gas emissions, carbon management *Equinor involved in the development and production of two gas fields in Algeria Norwegian energy giant Equinor has partnered with Algeria’s state-owned oil company Sonatrach to examine cooperation in global oil and gas exploration and production. The memorandum of understanding...