Shell turned to its gas and renewables business boss to drive its transition to a greener future, choosing Wael Sawan to replace Ben van Beurden as the next CEO.
Sawan’s appointment arrives at ... Read more
Germany’s Economy Minister, Robert Habeck, said the country’s gas storage facilities were filling up faster than anticipated giving hopes that the nation could avoid acute gas shortages th... Read more
BP PLC became the latest oil major to cash in on the highest energy prices in over a decade, reporting second-quarter solid profit helped by fuel-making margins and oil trading.
London-based BP said ... Read more
Shell reported a second-quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading.
The firm also announc... Read more
The EU signed a new gas deal with Azerbaijan to secure future supplies amidst continuous Russian supply cutoff
Europe’s energy chief, Kadri Simson, and European Commission President Ursula von ... Read more
The most significant single pipeline carrying Russian gas to Germany starts annual maintenance on Monday, with flows expected to stop for ten days.
However, markets, governments, and companies are wo... Read more
Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia.
Berlin unveiled the ... Read more