Victor Adetimilehin

Saudi Arabia’s oil giant Aramco announced a 30% increase in its dividend payout for 2023, despite a sharp drop in its net profit due to lower oil prices and volumes. …

Chevron Corporation, the second-largest U.S. oil company, has made a bold move to acquire Hess Corporation, a rival oil producer with a stake in the lucrative Guyana offshore oil field. …

The Smokehouse Creek fire, the largest in Texas history, has burned over a million acres and destroyed dozens of homes. Xcel Energy, an electric utility company, has acknowledged that its …

Exxon claims right to match offer Exxon Mobil Corp has thrown a wrench into Chevron Corp’s plan to buy Hess Corp stake in the Stabroek offshore oil block in Guyana, …

The US Environmental Protection Agency (EPA) has decided to exclude the existing fleet of natural gas power plants from upcoming carbon emissions regulations, a move that could undermine the country’s …

The US Congress has passed a funding bill that prevents China from purchasing crude oil from the country’s Strategic Petroleum Reserve (SPR), in a move that reflects the growing bipartisan …

OPEC+ members agreed to extend their voluntary oil output cuts into the second quarter of 2024, boosting oil prices and signaling confidence in the global economic recovery. The decision, announced …

The European Union (EU) has reached a compromise to quit a controversial energy treaty that could hamper its climate goals. The EU will first support reforms to the treaty, which …

The ongoing war in Gaza and the prospect of a US interest rate cut have pushed oil prices higher, with Brent crude trading above $83 per barrel on Thursday. The …

The oil industry is witnessing a high-stakes drama as Exxon Mobil, the largest U.S. oil producer, tries to spoil Chevron’s acquisition of Hess, a smaller rival with a coveted position …