Shell profits drop 16% but maintains strong shareholder returns
British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand....
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Euro zone economic sentiment weakens amid consumer confidence drop
European markets turned lower on Wednesday following the release of preliminary data indicating a decline in economic sentiment across the euro zone in December. The...
ADNOC Gas plans $5 billion Ruwais LNG stake acquisition by 2028
MENA Newswire News Desk: ADNOC Gas has announced plans to acquire ADNOC’s 60% ownership stake in the Ruwais Liquified Natural Gas (LNG) project, with the...
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country's ambitious plan to invest $1.8 billion in offshore exploration for...