Australia's Woodside Energy on Wednesday trimmed the top end of its annual production forecast and said it would scale back its investment in a lower-carbon ammonia project in the US due to slower demand.The country's top independent oil and…
Norway's Vaar Energi raised its cash dividend for a second consecutive quarter on Wednesday and reported a doubling of its third-quarter operating profit from a year earlier, supported by higher oil and gas prices.The company reported its July-September earnings before interest and tax (EBIT) at $2…
Oil majors are set to post a big jump in third-quarter profit as the US-Israeli war on Iran has boosted refining and trading results, while investors will monitor how wisely they use their cash piles and whether they resist a spending spree…
TotalEnergies expects its refining margins to have nearly quadrupled in the third quarter compared to last year, as the Iran war continues to lift energy prices and boost profits for oil majors, the French company said in a trading update on Thursday…
Petrobras has signed cost and volume balancing agreements with Shell, TotalEnergies and Petrogal covering the Berbigão and Sururu shared reservoirs in Brazil's offshore Santos Basin, under which it will receive a net payment of approximately $859 million…
Fugro has secured a $169 million (€150 million) unsecured financing facility from the European Investment Bank (EIB) to support the development and deployment of its uncrewed surface vessel (USV) technology and expansion of remote maritime operations…
BP estimated on Tuesday its third-quarter refining margins tripled from last year as the Iran war boosts profits for oil majors, but also flagged $3 billion to $4.5 billion in impairments relating to its gas and low-carbon energy segment.This…
Yinson Production has priced $1.458 billion of senior secured notes to refinance debt linked to its Agogo floating production, storage and offloading (FPSO) unit operating offshore Angola, in what the company said was the largest FPSO project bond to date…
Tullow Oil has lost an arbitration over a $196.5 million corporate income tax assessment in Ghana after an International Chamber of Commerce tribunal ruled that the assessment did not breach the company's Petroleum Agreements.The assessment…
Chinese offshore oil and gas major CNOOC posted a record first-half net profit on Wednesday, as higher oil prices driven by the Iran war and rising production boosted earnings.Net profit attributable to shareholders rose 23.4% to 85.8 billion yuan ($12…
Woodside Energy on Tuesday abandoned a longer-term emissions target and $5 billion in planned clean energy spending by 2030 to focus on its core oil and gas business after reporting a 7% rise in first-half profit.The Australian company will…
Dutch floating production specialist SBM Offshore raised its 2026 outlook for the second time this year on Thursday after strong contract activity and the sale of its One Guyana vessel helped lift first-half revenue, sending its shares up more than 7%…
British oil and gas producer Harbour Energy raised its annual free cash flow and production forecasts for the second time this year on Thursday after record first-half output and higher oil and gas prices.The London-listed company raised its free cash flow outlook to $1…
BP's second-quarter profit more than doubled to $5.73 billion on higher oil and gas prices and strong refining margins, it reported on Tuesday, as CEO Meg O'Neill outlined the energy group's priorities.Oil majors have benefited this year from market volatility caused by the U…
Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the U.S.-Israeli war with Iran disrupts world energy markets, boosting profits for the biggest oil companies…