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Saudi Arabia
Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance
Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil pri…
Saudi Arabia
Oil Rises on Saudi Aramco's Upbeat Demand View
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shor…
Saudi Arabia
Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend
State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.
Oil Price
Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price
Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global …
Oil&Gas Drilling
Demand For Offshore Oil Rigs To Return In 2022
Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activitie…
Oil Price
Why Oil is up 80% in a Month?
Why oil is up 80% in a month?
United Kingdom
BP Cuts Dividend for First Time in a Decade After Record Loss
The dive into the red came after the firm slashed the value of its oil and gas exploration assets in response to price forecasts.
Australia
Green Hydrogen : Can Australia lead the world?
Green hydrogen, or renewable hydrogen, is now a very real commercial prospect thanks to the plummeting prices of wind and solar power.
Oil Price
ExxonMobil Posts First Consecutive Quarterly Losses Since the Mid-80s
Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.
South Africa
Eskom Wins Tariffs Hike Case, Overruling Energy Regulator
The judgement on the Eskom board review of the National Energy Regulator of South Africa’s decision on the Multi-Year Price Determination 4 was delivered on Tu…
Netherlands
Shell Swings to Loss on $16bn Impairment Charge but Pays Dividend
Royal Dutch Shell swung to a heavy net first-half loss, but paid a dividend as the Covid-19 crisis hammered oil and gas prices.
Oil Price
Why Oil Remains Stuck at $40
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain.
Greece
Greece Records New Low Solar Price of €0.04584/kWh
The price tariff agreed by German company ABO Wind for two 10 MW solar projects in Igoumenitsa came in a tender which allocated only 142 MW of generation capaci…
Saudi Arabia
MENA Fund to Increase Saudi Investments with Eye to Recovery
Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coro…
United States
Another Permian Oil Producer Files For Bankruptcy
Permian oil producer Rosehill Resources said on Monday that it had filed for bankruptcy protection, becoming the latest shale casualty of the collapse in oil pr…
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