French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The French parliament voted on Wednesday to suspend the controversial pension reform, as budget bills…
Kremlin: Putin and Tokayev will discuss gas projects, US sanctions against Russian oil and other issues.
The Kremlin announced that Russian President Vladimir Putin will meet with Kazakh President Kassym Jomart Tokayev in Moscow to discuss gas projects, as well as the impact of U.S. sanctions against Russian oil companies.
Australian shares increase as resources improve, ANZ rebounds
Australian shares rose on Monday. Resources stocks gained due to higher underlying prices, and the lender ANZ Group recovered from its early losses despite reporting a decline in annual cash profits. As of 2321 GMT, the S&P/ASX 200 was up 0.3% to 8,799.50.
Auto stocks rise as European shares soar in focus of earnings season
European stocks rose on Monday, as investors digested the latest round of earnings reports. Auto shares also gained amid optimism that Dutch chipmaker Nexperia will resume China shipments. The pan-European STOXX 600 index rose 0.4%, to 574.11 by 0910 GMT.
Sources say US Gulf producer LLOG Exploration is interested in selling at a $3 billion valuation.
People familiar with the matter have said that LLOG Exploration Offshore has been exploring the possibility of a sale. This could value one the largest privately owned oil and gas producers on the U.S. Gulf Coast at more than 3 billion dollars, including debt.
Shell profits above expectations, TotalEnergies at par with expectations despite lower prices
Shell and TotalEnergies reported quarterly profits that fell by 10% and 2% respectively on Thursday. The declines were largely due to lower oil prices. Shell, however, beat expectations thanks to better trading results at its vast gas division.
Adani Total Gas in India reports lower profits as imports increase costs
Adani Total Gas in India reported a drop in its second-quarter profits on Tuesday as higher costs for gas imports, after the government reduced cheaper supplies, weighed on earnings. The city gas distributor is a joint…
ConocoPhillips will lay off Canada employees by November, a company memo shows
According to three sources, and according to a memo from the company, ConocoPhillips will be laying off workers at its Canadian operations as part of its plan to reduce its global workforce to up to one quarter by next year.
Karachaganak, a Kazakh gas producer, reduces output after a drone strikes a Russian gas plant
The operator of Kazakhstan's Karachaganak Oil and Gas Condensate Field said in an email on Tuesday that production levels have been reduced following "an accident" at Russia's Orenburg Plant. Two industry sources said that on Monday…
Santos reduces 2025 production forecast on technical issue at Barossa Project
Santos Australia has lowered its output forecasts for the second time in this year after a technical problem delayed ramp-up at its Barossa project. Inclement weather also hampered recovery of the Cooper Basin project. No.
Berkshire Hathaway Energy Cove Point in Maryland LNG export plant is back in service
According to a notice sent to customers by the company and data provided by financial firm LSEG, on October 13, U.S. energy giant Berkshire Hathaway Energy’s Cove Point liquefied gas export plant (LNG) in Maryland resumed service after a planned maintenance outage.
Bloomberg News reports that Exxon Mobil will cut 2,000 jobs as part of a restructuring.
Bloomberg News reported that Exxon Mobil, a U.S. energy giant, will lay off 2,000 employees globally as part a long-term reorganization plan. This is the latest in a series of job losses this year within the oil and gas sector.
Chevron anticipates a quarterly impact of up to $400 Million from the Hess Deal
Chevron, the U.S. energy giant, said it expected to suffer a loss of between $200 million and $400 million during the third quarter due to the Hess transaction. Chevron completed its $55 billion purchase of Hess, after…
Russia expects the new Sakhalin-3 project to begin operations in 2028
Russian news agencies reported on Thursday that the country is expecting to begin natural gas production in 2028 at the new Sakhalin-3 Project in the Pacific Ocean to supply gas to China as well as for domestic use. Valery Limarenko said that Gazprom…
TotalEnergies awarded a $5.3 billion contract by the French government for offshore wind
TotalEnergies announced on Wednesday that it had won a contract worth 4.5 billion euros ($5.30billion) from the French Government to build and develop a 1.5 gigawatt offshore wind farm in a consortium. According to a press release…
Sources say that the Astrakhan Gas Plant in Russia has ceased operations following a drone attack.
Three industry sources have confirmed that the Astrakhan Gas Processing Plant, owned by energy giant Gazprom in Russia, stopped producing motor fuel after an attack by drones caused a fire on September 22, according to three sources.
Sinopec to Begin Work on $3.7b Crude Oil Refinery
Sri Lanka expects Chinese state energy giant Sinopec to start work on a $3.7 billion refinery this year and is considering the company's long-standing demand to sell more fuel locally, the energy minister said on Tuesday.The Sinopec refinery…
ConocoPhillips announces it will reduce its workforce by 20-25%. Shares fall
ConocoPhillips, the U.S. oil-and-gas producer, will reduce 20-25% its workforce in a restructuring that is expected to take place over the next few months, according to a spokesperson for the company. Five sources had…
Nigeria's TotalEnergies deal marks shift to gas development
The Nigerian production-sharing agreement with TotalEnergies will be a model for future agreements, according to the oil regulator. It is the first contract based on a new law aimed at boosting the gas production of the OPEC country.
Technip Energys selected by Commonwealth LNG for US LNG Project
Commonwealth LNG, a U.S. company, announced on Monday that it had selected Technip Energies, a French firm, to provide Engineering, Procurement, and Construction (EPC) for its 9.5 million tonne per annum (mtpa), LNG facility located in Cameron Parish, Louisiana.