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.
Baker Hughes reports that US oil and gas drillers have cut back on rigs in the US for the first time in 3 weeks.
Baker Hughes, a leading energy services company, said that the U.S. oil and gas companies have cut back on the number of rigs for the first time since three weeks. The number of oil and gas drilling rigs…
EIA data show that US oil and gas production reached a new record high in August.
The Energy Information Administration reported on Friday that U.S. gas and oil production reached record levels in August despite fears of a market surplus. The record U.S.
Canada's Imperial Oil surpasses profit expectations on record production and strong refining
Canada's Imperial Oil announced a higher-than-expected profit for the third quarter on Friday. Record production and refinery output offset lower crude oil prices. Canadian oil sands companies such as Imperial Oil…
Cenovus profits jump on record production and refinery strength
Cenovus Energy reported a higher third-quarter profit Friday. This was due to record oil sands output and a near-full utilization of the refinery, which helped offset lower crude prices. The U.S.
BP Indonesia imports fuel from Pertamina to replenish after a shortage, the company reports.
BP's Indonesian fuel station operator said that it imported base fuel through a unit of Indonesian state energy company Pertamina. This was to replenish supplies following a…
BW Energy reports encouraging preliminary results for Kharas well offshore Namibia
BW Energy announced on Friday that the preliminary results of its Kharas-1 well, which was drilled offshore Namibia in the Kudu license, were encouraging and indicated the presence hydrocarbons.
MEG Energy suspends the shareholder vote on Cenovus' offer, citing a regulatory inquiry
MEG Energy's board has postponed the expected shareholder vote on Thursday regarding a Cenovus Energy buyout. The board said that a regulatory investigation had prompted them to need more information.
Ecopetrol and Petrobras announce joint-venture to market natural gas from Colombia’s Sirius Project
Ecopetrol, Colombia's energy company run by the state and Petrobras, Brazil's oil firm owned by the state, announced a partnership on Thursday for a joint marketing of natural gases from Colombia's Sirius Project.
Origin Energy, Australia, reports a 12% decline in APLNG revenue for the first quarter.
Origin Energy, Australia's largest energy company, reported a 12% drop in revenue from its Australia Pacific LNG stake for the first three months of the year. The fall was attributed to lower LNG prices and volumes.
Amapa Governor: Brazil's Petrobras is studying a logistics base for Amapa
Clecio Liu, the governor of the Amazonian State of Amapa told reporters that Brazil's Petrobras had authorized studies to build a logistics centre in the state. Last week, the…
PetroChina's net profit for the third quarter is down 3.9% on an annual basis
PetroChina Co Ltd, Asia's biggest oil and gas producer, reported on Thursday that its third quarter net profit fell 3.9% from the previous year due to lower crude oil prices.
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…
Shell's third-quarter profits beat expectations
Shell exceeded third-quarter profits forecasts Thursday thanks to strong results in its gas division. It also said that it would continue its $3.5 billion share buyback program over the next 3 months.
Source: Indian Oil and Vitol to join forces in global trading, says source
HYDERABAD (India), Oct. 29 - Indian Oil intends to sign a contract early next year with global trader Vitol to form a joint-venture as it seeks to increase its presence in the…
Expand Energy plans to produce more US Natural Gas at lower costs
Nick Dell'Osso, CEO of Expand Energy in the United States, told analysts during a conference call on Wednesday that the company expects to spend less money to produce more natural gas between 2025 and 2026.
US loans $1.5 billion for coal-fired fertilizer plants
The U.S. Energy Department announced on Wednesday that it had closed a $1.5 Billion loan to Wabash Valley Resources, LLC, for an Indiana Fertilizer Plant, which will now be powered by coal.
Mexico's Pemex production of oil fell 5.6% in September, as gasoline and diesel production rose
According to the data released by Pemex late Tuesday, Mexico's state-owned energy company Pemex has produced 5.6% less crude and condensate in September compared to last year.
Analysts are looking at 2026 as a timeframe for predicting the growth of oil earnings.
Big Oil's third-quarter results may be boosted by marginally higher oil and refining prices, as well as stronger results in the refinery sector. However, some analysts are more…
Sinopec's profit for Jan-Sept is down by a third due to lower oil prices and weaker fuel sales
Sinopec, a Chinese oil company, reported a 32% drop in its net income year-on-year for the first three months of this year due to lower crude prices and weaker sales. Sinopec…