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Oil Price
Oil Tumbles With Trump Trades Aiding Dollar as US Counts Votes
Oil fell as Donald Trump’s increasing chances of winning the presidential race boosted the dollar to a one-year high, while an industry report signaled a …
Crude Oil
Aramco Keeps World’s Biggest Payout With Saudi Finances Wobbling
The company, majority owned by the Saudi state, is keeping the world’s biggest payout despite increasing signs of stress on earnings. The outlook for oil …
Crude Oil
US Crude Oil Pipeline Squeeze Boosts Prices At Gulf Coast Export Hub
The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the…
LNG
Glenfarne Selects Kiewit To Build Texas LNG Export Plant
U.S. energy company Glenfarne Group LLC said on Monday it had selected construction contractor Kiewit to build its proposed Texas LNG export terminal in Brownsv…
Decarbonization
Oil, Gas Companies Told To Cut Emissions By One-third Under Planned Cap
Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being publis…
Oil Price
Exxonmobil’s Q3 2024 Net Income Drops By 5% To $8.6bn
ExxonMobil has reported a net income of $8.61bn for the third quarter of 2024 (Q3 2024), down by 5.1% from $9.07bn recorded in the same period last year.In the …
Oil & Gas Trade
South Africa Oil Group Seeks to Amend New Law to Woo Investors
Some oil explorers are not satisfied with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramap…
Oil & Gas Trade
Saudi Arabia’s Wafi Energy Holding buys majority stakes in Shell Pakistan
Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of global Shell plc, com…
Oil & Gas Trade
Exxon, Chevron Top Q3 Profit Expectations As Us Oil Output Hits Record High
U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil …
Natural Gas
Minres Signs $1.1bn Agreement With Hancock For Gas Exploration Permits
Amid yearslong, ongoing disputes over transitioning away from Four Corners Power Plant, the state's last remaining coal plant continues to spew emissions an…
Oil & Gas Trade
New Offshore Platform Taps Into Potential Of Heavy-oil Reserves In China
The world's first mobile thermal-injection platform was recently delivered in China's Shandong province, offering new opportunities to tap into China…
Natural Gas
Czechs buy gas from Algeria
PRAGUE: The Czech Republic has started to import gas from Algeria in a bid to offset supplies from Russia as it pursues its war on Ukraine, the CEZ power group …
Natural Gas
Saskatchewan Residents Challenge Gas Expansion in Climate Rights Case
Premier Scott Moe’s Saskatchewan Party has been re-elected in the province with a mandate to tackle rising costs and taxes, but a legal battle over climat…
Natural Gas
Irish Company Yuno Buys One Of North’s Biggest Energy Suppliers
Northern Ireland gas supplier Firmus Energy, which has 110,000 domestic customers, has been sold to an Irish company.Yuno Group, the holding company for Yuno En…
Natural Gas
Japanese Firm Doles Out $1.4 Billion To Come Aboard Woodside’s Mega Gas Project
Woodside and JERA executed a binding sale and purchase agreement in February 2024 for the sale of a 15.1% non-operating participating interest in the Scarboroug…
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