ConocoPhillips claims that any delays in the Qatar LNG project are likely to be limited to a few months.
ConocoPhillips announced on Thursday that it expects any delays to its Qatar LNG project will 'likely' be in the months rather than a year and does not anticipate any impact on cash flow. The U.S.
RWE and the Trump administration agree to cancel offshore wind leases for $1.22 billion
German energy company, RWE, announced on Thursday it had reached an agreement with the Trump administration for a total of $1.22 billion to cancel offshore wind leases within U.S.
BP will acquire Woodside's Calypso stake
BP announced on Thursday that it had agreed to 'acquire' Woodside Energy, based in Australia, 70% of its interest in the Calypso Gas Project in Trinidad and Tobago. This will…
Bloomberg News reports that KBC and Deutsche Bank have frozen some Radiant World Singapore bank accounts.
Bloomberg News reported that a number of Radiant World Singapore 'bank accounts have been frozen by Deutsche Bank and KBC Group NV, while other banks have suspended credit lines.
RWE has reached a $1.22 billion deal with US offshore wind leases to cancel them and invest in gas
German energy company RWE announced on Thursday that they had reached an agreement with the Trump Administration to cancel three offshore leases for wind turbines in U.S. water…
HOLD-RWE has announced a $1.22 billion deal to cancel US off-shore wind leases and to invest in gas
German energy company RWE announced on Thursday that it had reached an agreement with the Trump Administration to cancel three offshore leases in U.S. water and direct the money to LNG and gas power plant projects.
Andy O'Brien: the insider who will lead ConocoPhillips
ConocoPhillips named Andy O'Brien, finance chief, as its new CEO on Thursday. He succeeds?Ryan Lance who will move to the 'executive chairman' role on September 1 after a decade of leading U.S. Oil Producer.
ConocoPhillips CEO Lance retires, finance chief will take over.
ConocoPhillips, an oil and?gas producer, announced on Thursday that Chief Executive Officer Ryan Lance will retire after 14 years of?leading? the oil producer. Andy O'Brien is set to become CEO in September.
Official order bans the export of copper and cobalt concentrates from Congo
A government order reviewed on Thursday shows that the?Democratic Republic of Congo banned exports of cobalt?concentrate? and copper?concentrate? as part of its efforts to increase…
Canadian Natural raises production outlook, beats quarterly profit estimates on higher crude prices
Canadian Natural Resources raised its full-year production forecast on Thursday for the second time in a row. It also beat analysts' expectations for the second quarter profit…
Official order bans copper and cobalt exports from Congo
According to a recent?government order, the Congo has banned the export of copper concentrate and a cobalt concentration in an effort to increase domestic processing of its mineral resources and retain more value.
Oil prices drive up Maurel & Prom profit, Venezuela exports seen normalising
Maurel & Prom, a French oil company, reported a 78% increase in its net income for the first half of this year, to $191million, boosted by rising crude prices. Portzamparc, a French brokerage firm…
Glencore's Australia listed taps mining friendly capital for copper and M&A goals
Glencore's plan to list on the secondary market in Australia is a move to tap into one of the fastest-growing pools institutional capital around the world to finance its copper growth ambitions…
Sheinbaum, a Mexican company, is weighing pilot fracking to boost gas production.
According to four sources familiar with the discussion, Mexican President Claudia Sheinbaum has been evaluating possible pilot fracking in the northern states of Coahuila &…
Sources say that the Russian refinery in Saratov has stopped operations following a drone attack by Ukraine.
Two industry sources report that the Russian refinery in Saratov halted processing crude oil on August 2 following a Ukrainian drone attack which damaged production equipment and caused fires at the plant.
European shares close at a new record as earnings offset Mideast uncertainties
The European stock market closed at an all-time record high on Wednesday, as investors scrutinized the latest corporate earnings and watched the rapid developments in the Middle East conflict.
Shale producer Occidental Petroleum beats quarterly profit estimates
Occidental Petroleum, a U.S. shale oil producer, reported 'its highest quarterly profit in 2022. It exceeded Wall Street expectations on Wednesday, aided by higher production and oil prices.
Shale producer APA beats second-quarter profit estimates
The higher oil price helped?APA, an oil and gas producer, beat Wall Street expectations for a?second quarter profit on Wednesday. Brent crude oil prices rose 19.2% in the first…
Argentina's YPF signs asset sales worth $405 million as shale shift deepens
Argentinean energy company YPF announced on Wednesday that it has 'agreed' to sell two conventional oil & gas asset clusters in Mendoza and La Pampa, for a total of $405m. This…
Beach Energy's shares fall on weak production forecast, but the company is still profitable.
Beach 'Energy' posted a profit for the year on Thursday. This is a dramatic turnaround from a loss a year earlier. However, shares in this Australian oil and gas producer fell…
