The World’s Biggest Energy Companies 2016

No. 1: Gazprom Privatized in 1993, Russia’s Gazprom Group is the largest publicly traded energy producer in the world with 8.38 million BOE/day of production. Helmed by CEO Alexey Miller, whom...

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Saudi Aramco to raise its share in world oil markets

According to Reuter’s sources, Saudi Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview. Nasser told Reuters that the state-owned...

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ADNOC plans to cut 5,000 jobs by year end

The Abu Dhabi National Oil Co. (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, according to the Middle East news service MEED. ADNOC...

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Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi,...

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Oil rises as IEA expects biggest non-OPEC output fall in 25 years

Crude prices rose on Thursday, reversing earlier declines, as the International Energy Agency (IEA) said that 2016 would see the biggest fall in non-OPEC production in a generation, helping rebalance...

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Oil prices rise to highest level in 5 months

Sentiments about an emerging balance in energy markets Friday helped add positive pressure to the continuing rebound in crude oil prices. Crude oil prices are at their highest levels in roughly 5...

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Russia easing control over oil companies

There may be buyers already in place to help privatize some of the largest oil companies in Russia, the country’s first deputy prime minister said. The Kremlin has been reviewing privatization...

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Some BG Group offices to close

Royal Dutch Shell said Monday it was closing some of the offices in the United Kingdom for BG Group as both companies move forward under a united structure. British energy company BG Group became a...

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