Tag: Petroleum industry
BP boss Looney resigns with immediate effect
London BP boss Bernard Looney is resigning with immediate effect because of past relationships with colleagues. The oil company announced on Tuesday in London that CFO Murray Auchincloss will take…
Fuel of War – Ukrainian tanks run on Russian oil
Ukrainian tank The Ukrainian army is consuming more and more fuel from Russia. (Photo: dpa) Warsaw It is a paradox of war: the tanks from Ukraine are increasingly running on…
Fuel of War – Ukrainian tanks run on Russian oil
Ukrainian tank The Ukrainian army is consuming more and more fuel from Russia. (Photo: dpa) Warsaw It is a paradox of war: the tanks from Ukraine are increasingly running on…
US oil giant Exxon increases quarterly profit sharply
Exxon gas station in Brooklyn, New York City Exxon’s sales shrank by around four percent to $86.6 billion. (Photo: Reuters) new York The big US oil companies Exxon Mobil and…
Climate protests at the BP general meeting – speeches are sometimes interrupted
Protest against the BP annual general meeting in London The managers of the oil company were interrupted in their speeches at the general meeting by heckling. (Photo: dpa) London Climate…
Venezuela’s oil industry is on the brink of collapse – but there is hope
Oil production in Venezuela The government of the dictator Nicolás Maduro enriches itself from the country’s oil industry. (Photo: dpa) Paraguana Glenda Galvis Colmenares is always amazed when she looks…
Government lowers hurdles for sale of Rosneft stake in PCK Schwedt
Refinery PCK Schwedt With the new version of the Energy Security Act, the federal government can more easily sell shares in companies managed by trustees. (Photo: dpa) Berlin The federal…
Germany apparently continues to get Russian oil
PCK Schwedt The refinery in Brandenburg is essential for supplying East Germany with various products, especially gasoline and kerosene. (Photo: dpa) Berlin According to Handelsblatt information, oil from Russia is…
Energy group OMV renews membership of the German-Russian Chamber of Commerce
OMV in Vienna The partially state-owned group is one of the largest oil and gas companies in Europe. (Photo: REUTERS) Dusseldorf Despite the Russian war of aggression against Ukraine, the…
Total sells complete petrol station network in Germany
Total gas station Total explained: Its service station networks in Europe would see a drop in sales due to falling fuel sales. (Photo: imago images/Hanno Bode) Dusseldorf The energy company…
161 billion dollars – record profit for the world’s largest oil company Saudi Aramco
Oil field in Saudi Arabia Saudi Aramco wants to become cleaner in the future and invest in green hydrogen. (Photo: Reuters) Berlin Saudi Aramco reported a record profit for the…
Oil from Kazakhstan flows to Schwedt
Refinery PCK in Schwedt Until the turn of the year, the refinery was almost exclusively supplied with oil from Russia via the “Druzhba” pipeline. (Photo: dpa) The Kazakh oil export…
Total: petrol stations cap fuel price at 1.99 euros
Gas station in Paris The oil multinational Total Energies promises that diesel and petrol at its French filling stations will cost less than two euros a liter this year. (Photo:…
Wintershall posts billions in losses due to Russia’s exit
Wintershall oil field in Emlichheim The company is the largest German gas and oil producer. (Photo: Reuters) Dusseldorf The Kassel-based company Wintershall Dea reports a successful financial year in operational…
Mineral oil company Hoyer is considering investing in the PCK Schwedt refinery
Berlin The group of potential buyers for the PCK Schwedt refinery is growing. According to information from industry circles in the Handelsblatt, the Lower Saxony mineral oil company Hoyer is…
Exxon, Shell & Co. are holding back on green investments
Dusseldorf Never in their history have the big oil companies made as much money as they did last year: Exxon Mobil, Chevron, Shell, BP, Equinor and Total Energies made a…
Shell Posts Record Profits – Shareholders are big winners from the energy crisis
This is one of the highest profits ever made by a UK company. The gas division contributed about $6 billion to Shell’s success last quarter, or two-thirds of total quarterly…
Total and Air Liquide build green refueling network for trucks
hydrogen filling station Total and Air Liquide are targeting heavy goods traffic with their project. (Photo: imago/Florian Schuh) Paris Total Energies and Air Liquide want to set up a European…
Ukraine war shortens comeback of fossil fuels
Oil refinery and pipeline Oil companies celebrate record profits. (Photo: E+/Getty Images) Dusseldorf, New York While consumers and businesses suffer from high energy prices, the big oil and gas companies…
Ukraine war shortens comeback of fossil fuels
refinery, wind turbines The Ukraine war is accelerating the transition to renewable energy. Dusseldorf, New York While millions of consumers and thousands of businesses suffer from high energy prices, the…