Shell Plc has announced adjusted earnings of $9.6 billion in the first quarter of 2023, accounting for a 5.5 percent improvement from the same quarter of 2022. The company’s quarterly reports showed that Shell earned $9.1 billion in the first quarter of last year. Wael Sawan, Shell plc Chief Executive Officer “In Q1 2023, Shell […]Read More
Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil. The new edition of the IEA’s annual Global Electric Vehicle […]Read More
Chad has nationalised all the assets and rights including hydrocarbon permits and exploration and production authorisations that belonged to a subsidiary of Exxon Mobil, the Central African nation’s energy and hydrocarbons ministry said in a statement on Thursday. Exxon Mobil said in December that it had closed the sale of its operations Chad and Cameroon […]Read More
The global electric vehicle (EV) market is reeling from one of the most dramatic collapses in monthly sales to date, with Rystad Energy research showing that only 672,000 units were sold in January, almost half of December 2022 sales and a mere 3% year-on-year increase over January 2022. According to the energy think-tank, the EV […]Read More
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