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Big Oil May Not Support All Trump 2.0 Policies

Big Oil May Not Support All Trump 2.0 Policies

Trump's two primary campaign promises,…

Fusion Energy Gets a Boost With Novel Plasma Control Technique

Fusion Energy Gets a Boost With Novel Plasma Control Technique

Researchers have successfully combined two…

What to Expect From Xi Jinping's Upcoming Eurotrip

What to Expect From Xi Jinping's Upcoming Eurotrip

Chinese leader Xi Jinping's upcoming…

News

Drone Attacks Take Khor Mor Gas Field Offline, Claims Lives

Drone Attacks Take Khor Mor Gas Field Offline, Claims Lives

Apr 26, 2024 at 15:02 | Julianne Geiger

Four expatriate workers lost their lives, and two others sustained injuries in a recent drone attack on the Khor Mor gas field in Iraq's Kurdistan region. This attack, reported by…

TotalEnergies Beats Q1 Profit Forecast Despite Lower Natural Gas Prices

TotalEnergies Beats Q1 Profit Forecast Despite Lower Natural Gas Prices

Apr 26, 2024 at 12:10 | Charles Kennedy

TotalEnergies (NYSE: TTE) saw its first-quarter adjusted net income drop by 22% from a year ago, but the French supermajor’s adjusted earnings beat the consensus estimate. Stable…

TotalEnergies Mulls Primary New York Listing to Expand U.S. Shareholder Base

TotalEnergies Mulls Primary New York Listing to Expand U.S. Shareholder Base

Apr 26, 2024 at 09:52 | Julianne Geiger

TotalEnergies CEO, Patrick Pouyanne, disclosed plans for a potential New York listing during an analyst briefing on Friday, citing the desire to attract a larger share of U.S. investors. With…

Activist Investor Elliott to Build Stake in Anglo American After Failed BHP Bid

Activist Investor Elliott to Build Stake in Anglo American After Failed BHP Bid

Apr 26, 2024 at 09:37 | City A.M

Mining giant Anglo American has rejected BHP Group’s £31.1bn proposal after it concluded the plan would undervalue its future prospects. The talk of a…

Outage At Norway’s Hammerfest LNG Extended Until Saturday

Outage At Norway’s Hammerfest LNG Extended Until Saturday

Apr 26, 2024 at 08:25 | Charles Kennedy

The Hammerfest LNG export plant offshore Norway is expected to remain offline until Saturday, April 27, following a gas leak earlier this week, according to the latest data from…

Higher Oil Output Helps Chevron Beat Q1 Profit Estimates

Higher Oil Output Helps Chevron Beat Q1 Profit Estimates

Apr 26, 2024 at 08:05 | Tsvetana Paraskova

Chevron Corporation (NYSE: CVX) booked slightly higher earnings for the first quarter than analysts had expected, thanks to higher oil and gas production that offset part of…

ExxonMobil Underwhelms With Q1 Earnings

ExxonMobil Underwhelms With Q1 Earnings

Apr 26, 2024 at 07:44 | Tsvetana Paraskova

ExxonMobil (NYSE: XOM) reported on Friday underwhelming earnings for the first quarter that were lower than consensus estimates, due to declining natural gas prices and refining margins…

Refining Giant Phillips 66 Books Lower-Than-Expected Earnings  

Refining Giant Phillips 66 Books Lower-Than-Expected Earnings  

Apr 26, 2024 at 06:59 | Tsvetana Paraskova

Phillips 66 (NYSE: PSX) reported lower-than-forecast profits for the first quarter of the year, as refining margins halved from the year-ago period and refinery maintenance affected product…

Norway’s Oil Demand Hasn’t Crashed Despite Record EV Market Share

Norway’s Oil Demand Hasn’t Crashed Despite Record EV Market Share

Apr 26, 2024 at 04:49 | Tsvetana Paraskova

The fact that a record 90% share of all new car sales in Norway are electric has failed to make any impact on the country’s oil demand, indicating that hopes…

A Strong Global Economy Is Expected to Keep Oil Prices Rangebound

A Strong Global Economy Is Expected to Keep Oil Prices Rangebound

Apr 26, 2024 at 03:48 | Irina Slav

The global economy is likely to continue on its current strong course, according to a poll among economists conducted by Reuters. While this is bullish for oil, some of…

China’s EV Dominance Threatens to Undermine U.S. Subsidies

China’s EV Dominance Threatens to Undermine U.S. Subsidies

Apr 26, 2024 at 02:30 | Irina Slav

China’s dominance over EV supply chains risks making U.S. subsidies for the industry unusable, South Korea has said. Subsidies for EV manufacturing, including components, under the Inflation Reduction Act seek…

Oil Prices Are Set for a Weekly Gain as Yellen Sees Inflation Falling

Oil Prices Are Set for a Weekly Gain as Yellen Sees Inflation Falling

Apr 26, 2024 at 01:40 | Irina Slav

Crude oil prices may end this week in the green as the U.S. Treasury suggested the weak first-quarter GDP data may be revisable and as supply concerns persisted.…

Chevron Kazakhstan Oil JV Start New Tengiz Production

Chevron Kazakhstan Oil JV Start New Tengiz Production

Apr 25, 2024 at 13:20 | Charles Kennedy

Chevron launched its first production at its Tengiz oilfield expansion project in Kazakhstan on Thursday, with completion of the final phase of the expansion set for the first half of…

Saudi Oil Giant, Aramco, Wins 4-Year FIFA World Cup Sponsorship

Saudi Oil Giant, Aramco, Wins 4-Year FIFA World Cup Sponsorship

Apr 25, 2024 at 13:00 | Charles Kennedy

Saudi Aramco has sealed a sponsorship deal with FIFA, the International Federation of Association Football, through 2027, after winning a bidding process last October in which it was…

Energy Groups of Czech Billionaire Book $7.8 Billion Core Earnings in 2023    

Energy Groups of Czech Billionaire Book $7.8 Billion Core Earnings in 2023    

Apr 25, 2024 at 12:25 | Charles Kennedy

Energy firms held by Czech billionaire Daniel Kretinsky have reported core earnings of $7.8 billion (7.3 billion euros) for 2023, Reuters reported on Thursday.   The energy…

Hertz To Sell More EVs as Q1 Loss Exceeds Expectations

Hertz To Sell More EVs as Q1 Loss Exceeds Expectations

Apr 25, 2024 at 11:13 | Charles Kennedy

Hertz Global Holdings Inc (NASDAQ: HTZ) has raised the number of electric vehicles it plans to sell this year as it is cutting its EV fleet to…

Hess Q1 Earnings Trump Forecasts Ahead of Acquisition by Chevron

Hess Q1 Earnings Trump Forecasts Ahead of Acquisition by Chevron

Apr 25, 2024 at 08:59 | Charles Kennedy

Hess Corporation (NYSE: HES) reported on Thursday much higher-than-expected net income for the first quarter of 2024 amid soaring oil and gas production, as the planned acquisition…

Kazakhstan’s Oil Flows to Germany Threatened as Russia Demands Transit Fees

Kazakhstan’s Oil Flows to Germany Threatened as Russia Demands Transit Fees

Apr 25, 2024 at 08:39 | Tsvetana Paraskova

Russian pipeline operator Transneft has warned Kazakhstan’s oil companies that ship crude to Germany via Transneft’s Druzhba pipeline that the customers of the Kazakh firms have until June to pay…

Biden Administration Finalizes Strict Rules on Power Plant Emissions

Biden Administration Finalizes Strict Rules on Power Plant Emissions

Apr 25, 2024 at 08:03 | Tsvetana Paraskova

The U.S. Environmental Protection Agency (EPA) announced on Thursday final rules on emissions reductions of power plants which would force coal-fired power plants that plan to run in the…

U.S. Refiner Valero Energy Beats Profit Forecasts in Q1

U.S. Refiner Valero Energy Beats Profit Forecasts in Q1

Apr 25, 2024 at 07:22 | Tsvetana Paraskova

One of the largest U.S. refiners, Valero Energy (NYSE: VLO), saw its adjusted net income more than halve in the first quarter compared to a year earlier,…

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