Siemens Energy shake-up includes new CEO

Announcement sees shares soar 11.5% to the top of Germany’s blue-chip index

Saudi Aramco maintains $31bn dividend despite lower earnings

The Saudi government directly holds about 82.2% of Aramco and relies heavily on the company’s payouts

Shell to keep upstream operations in SA but quits forecourts

The UK multinational oil and gas company will get rid of business that houses 600 service stations

Shell mulls selling Malaysian stations to Saudi Aramco

The energy giant Shell is reportedly in talks with the state-owned company in a deal could be worth up to $1bn

Renergen hits milestone with liquid helium production at Virginia project

Renergen had previously said it would be producing 300kg of liquid helium a day by 2021

Exxon merger with Pioneer will deliver results within 18-24 months

Purchase more than doubles Exxon’s output in the Permian, the top US shale field

Gazprom plunges to first loss in 20 years

Drop in gas sales to Europe results in devastating decline

Shell beats forecasts with $7.7bn quarterly profit

Shell’s cash flow rose 6% from the previous quarter to $13.3bn reflecting strong operational performance

Sasol CFO Hanré Rossouw to step down

He will remain with the company for the financial year-end closing to allow for a structured handover period

Saudi Basic Industries posts 62% slump in quarterly profit

CEO points to a drop in prices and lower-than-expected results from joint ventures

WATCH: Assessing SA’s draft gas master plan

Business Day TV talks to Jaco Human, executive director of the Industrial Gas Users Association of Southern Africa

Namibia’s Namcor in deal with Chevron to develop offshore block

Oil companies are flocking to Namibia, excited by the country’s plans to open up a major new frontier basin

TotalEnergies earnings slide on lower gas profit

Company expects higher gas prices and lower refining margins in the second quarter

Q&A: Renewables boom has revived investor interest in SA

2023 saw a reversal that, if maintained, could result in greater flows of capital

China’s Sinopec charts global expansion with Sri Lanka refinery

India is also deepening ties with the Sri Lanka through connectivity and pipeline projects

Trailblazing solar PV installation to power 40% of Tronox’s SA mining operations

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