International

TotalEnergies stays put in Russia, but no capital for new projects

TotalEnergies condemned what it called Moscow military aggression in Ukraine but stopped short on Tuesday of joining rivals Shell and BP in planning

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Shell pulls out of energy investments in Russia over war

Shell says it is pulling out of Russia as President Vladimir Putin invasion of Ukraine costs the country all-important energy industry foreign investment and expertise

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BP quits Russia in up to $25 billion hit after Ukraine invasion

BP is offloading its 20% stake in Russian oil giant Rosneft due to the crisis in Ukraine

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Arab oil producers say OPEC+ should stick to current output agreement

OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday as they gathered in Saudi Arabia, rejecting calls to pump more to ease pressure on prices.

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Aramco chairman to launch International Petroleum Technology Conference

Aramco chairman Yasir Al-Rumayyan will deliver the opening remarks at the International Petroleum Technology Conference set to be held in Riyadh from Feb. 21-23

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Saudi Arabia gives 4% of Aramco worth $80B to fund

Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly $80 billion as the kingdom tries to overhaul its energy-dependent economy

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Saudi Arabia and UAE could ease oil market volatility, IEA says

Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more crude, the International Energy Agency (IEA) said on Friday.

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Dana Gas delivers record 2021 with net profit of $317m

Dana Gas, the Middle East largest regional private sector natural gas company, posted a record net profit of AED1.16 billion ($317 million) in 2021 as compared to a net loss of AED1.38 billion in 2020.

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