Shell Q3 profits beat forecasts with LNG strong
Shell recorded a $5.4bn third quarter profit, beating forecasts, which was largely driven by $12.2bn in cashflow from operations. CEO Wael Sawan said strong operational delivery drove higher liquefaction volumes,…
Oil Giants Plan Production Boost
(Update) October 29, 2025, 4:36 PM GMT: Updates with companies’ reporting schedule in seventh paragraph. The world’s biggest oil companies are expected to press ahead with plans to accelerate production…
Kuwait to Invest $4 Billion in Oil Exploration by 2030
Kuwait Oil Company, the national oil firm of one of OPEC’s biggest Gulf producers, plans to invest as much as $3.9 billion (1.2 billion Kuwaiti dinars) in exploration drilling by…
Greenland’s Jameson Land basin holds 13 Bbbl oil potential, new report finds
An independent petroleum reserves and resources evaluation has confirmed world-class hydrocarbon potential in Greenland’s Jameson Land basin, identifying more than 13 billion barrels of prospective recoverable oil resources across 58…
Wood Mackenzie Pushes Back Peak Oil Demand Forecast to 2032
Global oil demand is set to peak in 2032, two years later than previously expected, due to solid petrochemical demand and sluggish U.S. and European electric vehicle sales, Wood Mackenzie…
Japan Tells Trump Tokyo Will Struggle to Ban Russian LNG Imports
Japan’s newly elected Prime Minister, Sanae Takaichi, told U.S. President Donald Trump at their meeting in Tokyo earlier this week that Japan would find it difficult to ban LNG imports…
India Plans $11.3 Billion Bailout for State Power Firms
India is weighing a bailout package for its indebted state-owned power distribution companies that could be worth more than $11.3 billion (1 trillion Indian rupees), according to a draft plan…
India’s Biggest Refiner Partners with World’s Top Crude Trader
India’s biggest refiner, state-held Indian Oil Corporation Ltd, is preparing to launch in early 2026 a trading joint venture with the world’s biggest independent oil trader, Vitol, to trade crude…
Mazda shows off algae biofuel-powered car that captures CO2
Car manufacturer Mazda has unveiled a microalgae-fuelled concept car that is designed to capture carbon dioxide emissions from exhaust fumes while it is being driven. It showcased the car at…
Russian Oil Tanker Turns Back Under U.S. Sanctions Threat
An Aframax tanker carrying Russian crude to India has reversed course soon after leaving the Russian coast and is currently idling in the Baltic Sea, Kpler has reported, as cited…
