Shell paid out more than £18.7bn to shareholders in 2024 while cutting spending on renewable energy according to its full year results. The FTSE 100 giant reported a dip in earnings from £23bn in 2023 to £19.1bn in 2024 amid weaker oil prices and lower demand for fossil fuels. Despite the drop-off in earnings, Shell...Continue Reading

Halliburton has been awarded a contract with Petrobras for integrated drilling services across several offshore fields in Brazil. The contract scope includes drilling services for development and exploration wells over a three-year period. SourceContinue Reading

The Forum Energy Technology (FET) Subsea product line has secured a contract to provide a work class remotely operated vehicle (ROV) system and a Dynacon Launch and Recovery System (LARS) to ACSM, a global maritime survey and ROV services operator.  SourceContinue Reading

Uzbekistan is launching a green energy offensive in 2025 that aims to boost the share of renewable energy usage in the country from 16 percent at present to 26 percent by the end of the year. President Shavkat Mirziyoyev has declared 2025 “the Year of Environmental Protection and Green Economy,” according to a statement issued...Continue Reading

Aker BP has selected Aucotec to provide digital infrastructure for the Yggdrasil development in the Norwegian North Sea. Aucotec’s Engineering Base platform will implement Engineering Design Data Management for the Yggdrasil development. SourceContinue Reading

Brazil’s Lula Backs Government Non-Interference In Petrobras’ Pricing Strategy | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jan 30, 2025, 1:30 PM CST Brazilian President Luiz Inacio Lula da Silva has approved government non-interference in monetary policy and...Continue Reading

The competition watchdog has launched a probe into a £2.1bn deal to takeover Electricity North West by the owner of ScottishPower. The Competition and Markets Authority (CMA) is looking into the deal which was first announced by Iberdrola in August last year. The watchdog said it was investigating whether the deal may affect competition in...Continue Reading

Traders Go All-In on Middle East Oil as Sanctions Reshape Market | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jan 30, 2025, 12:30 PM CST Oil traders are making big moves...Continue Reading

Russia’s Shadow Fleet Under Scrutiny After Baltic Sea Incidents | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jan 30, 2025, 12:00 PM CST Multiple undersea cables...Continue Reading

Russia’s Oil Production Slipped 2.8%, Gas Output Rose 7.6% in 2024 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 30, 2025, 11:30 AM CST Russia pumped 2.8% lower volumes of crude oil and condensate in 2024 from a year earlier, while its natural gas...Continue Reading