Saipem Logs 21 Percent Increase in Nine-Month Revenue
'The continued improvements of the economic and financial results confirm the strong market demand'.
OEUK Urges Chancellor to Back UK Offshore Energy in Autumn Statement
'Unlocking economic growth is the solution, and building on industrial strengths is key to our path forward', OEUK's CEO stated.
Adani Total Gas Sees 12 Percent Year-on-Year Increase in Quarterly Revenue
The growth was driven by an increase in CNG sales volumes.
Dorian LPG Announces Dividend, Appoints New Director
Dorian LPG's board declared an irregular cash dividend of $1.00 per share for the company's common stock.
Sinopec Q3 Profit Halved Year-on-Year as Refining Margins Fall
Sinopec posted $1.2 billion in net profit for the third quarter, 52.1 percent lower than the same three-month period last year as refining margins and demand for diesel in China weakened.
Aussie LNG Producer Challenged on Clean Claims in Landmark Case
One of the world's first legal challenges over corporate greenwashing kicked off in an Australian court, with an activist shareholder group claiming gas producer Santos misled investors on its climate targets.
WTI Plunges Amid Reduced Risk Premium
Oil prices plummeted as tensions in the Middle East showed signs of easing, with Israeli strikes avoiding Iran's oil infrastructure, leading traders to shift focus to weak demand and anticipated oversupply next year.
Aramco's Venture Arm Allocates $100MM for AI Investments
Saudi Aramco's venture arm has earmarked $100 million to invest in artificial intelligence startups.
Shell to Take Over 609-MW Gas Power Plant in Rhode Island
'This acquisition secures valuable trading opportunities'.
North America Rig Loss Streak Continues
North America dropped one rig week on week, according to Baker Hughes' latest rotary rig count.
As Crude Fades, Big Oil Must Borrow to Pay Investors
Share buybacks have become a cornerstone of Big Oil's strategy as the post-Covid commodities rally spurred record profits and provided an opportunity to court investors betting against a fast energy transition.
Texas Industry Groups Look at Upstream Employment
TIPRO said its new workforce data 'yet again indicated strong job postings for the Texas oil and natural gas industry'.
EIG's MidOcean Energy Completes Purchase of Additional Stake in Peru LNG
MidOcean Energy raised its ownership in South America's only LNG export facility to 35 percent following an acquisition from Hunt Oil.
Trafigura Forms JV with Spain's Meroil for Refined Oil Products, Biofuels
The joint venture aims to provide logistics and distribution of oil products and biofuels on both the national and international markets.
Energy Traders Remove Large Portion of Geopolitical Risk Premium
'Energy traders have increased conviction levels that Iranian crude facilities will not play a part in the ongoing conflicts', the Head of Research at Pepperstone said.
European Commission Set to Award $5.2B in Grants for Cleantech Projects
The latest awards form the biggest rollout of the Innovation Fund with 85 projects across 18 countries selected.
Eni Raises Buyback Plan for 2024 to $2.2 Billion
The new plan is below last year's $2.4 billion final repurchase package, as net profit for the first nine months of 2024 fell 48 percent year-on-year.
Technip Energies, Enerkem Partner to Scale Up Waste-to-Fuel Solutions
The collaboration aims to accelerate the deployment of Enerkem's technology converting non-recyclable waste and residues into sustainable fuels and circular chemical products.
Ontario to Extend Gasoline Tax Cut through June 2025: Premier
The extension would keep the taxes at 9 Canadian cents per liter.
Petrobras to Launch Second Phase of Offshore Wind Research
The company is investing $10.5 million into the new sea wind testing and measuring phase.