Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28…
French energy company TotalEnergies announced on Tuesday it has reached a deal with CapeOmega to acquire a 40% participating interest in a CO2 storage exploration license off the coast of Norway.Located 120 kilometers offshore Bergen in 200 meters water depth…
The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to energy intelligence group Wood Mackenzie.This…
The comfort that had characterised natural gas markets in Asia and Europe in recent months was shown to be a mere illusion by the threat of strike action at three major Australian liquefied natural gas (LNG) plants.In the blink of eye, a market…
On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…
Chevron and Woodside Energy Group said on Thursday they are holding talks with unions to avert strikes at Australian liquefied natural gas (LNG) facilities that together account for around 10% of global production.Concerns over industrial action…
Australia's labor regulator cleared the way for strike action at Chevron's Wheatstone and Gorgon liquefied natural gas (LNG) facilities if workers vote in favor of such a step, fuelling concerns the country's exports could be cut.The Fair Work…
French energy company TotalEnergies does not believe it overpaid for a record-breaking German offshore seabed lease this month, despite industry criticism, CEO Patrick Pouyanne said on Thursday while presenting second-quarter results.'In Germany…
Italy's Eni said its second-quarter adjusted net profit dropped 49% from last year, reflecting falling oil and gas prices and weaker refining margins. Adjusted net profit in the period came in at 1.94 billion euros ($2.13 billion), down from a bumper result of 3…
Marine Aluminium AS has won a contract to supply the U.S. offshore vessel firm Hornbeck Offshore Services a helideck for its new conversion project. The 21-meter helideck has a landing capacity of up to Sikorsky S-92-sized helicopters.As previously reported by Offshore Engineer…
GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be…
Exxon Mobil Corp joined its rivals in reporting a 56% slump in second-quarter profit from a year ago, hurt by a drop in energy prices, in line with the midpoint of the company's earnings preview released earlier this month.Oil majors' profits…
Oslo-listed Vaar Energi, majority owned by Italy's Eni, posted on Tuesday a 55% drop in second-quarter operating profit on weaker oil and gas prices, narrowly missing analysts' forecasts. Earnings before interest and tax (EBIT) for the April-June quarter fell to $778 million from $1…
Saudi Aramco's CEO Amin Nasser said on Monday that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.Saudi…
Shell and TotalEnergies reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakenedOil and gas prices soared last year in the wake of Russia's invasion of Ukraine…
Subscribe
