Rio Tinto misses its annual profit forecast on iron ore challenges
Rio Tinto missed its expectations for the annual underlying profit on Thursday as lower iron ore prices, amidst rising global supply, weighed down on its core business. However…
Indonesia and US firms sign trade, investment agreements worth $7 billion
The U.S. ASEAN Business Council reported that Indonesian & U.S. firms signed 'trade and investment agreements worth more than $7 bn? on Wednesday, a day before Indonesian President Prabowo?Subianto meets with U.S.
Occidental Petroleum tops quarterly profit estimates on midstream support
Occidental Petroleum surpassed Wall Street's expectations for the fourth-quarter profit on Wednesday as its?midstream?unit helped offset lower crude?oil?prices. In extended trading…
Texas Pacific Land's core quarterly profit exceeds estimates due to stronger water sales
Texas Pacific Land exceeded Wall Street expectations for the fourth-quarter core profits on Wednesday as higher water sales and production offset lower oil prices. The company generates revenue from fixed fees…
Nigeria redirects all oil and gas revenues to the Federation account as part of sweeping reform
The presidency announced on Wednesday that President Bola Tinubu signed an order directing all oil and gas revenues due to the government to be paid directly into the federation's account.
Caturus to purchase some South Texas assets from SM Energy for $950 Million
SM Energy, a U.S. oil and gas company, announced?on Wednesday that it would sell selected assets in South Texas for $950 millions?in order to reduce its debt and bolster its capital structure.
Europe's STOXX 600 closes on record high due to earnings boost. ECB shifts focus
Investors assessed corporate earnings and reports about a possible leadership change at the European Central Bank. All major regional benchmarks finished in positive territory.
Spain's Naturgy wants to talk with Yamal about the impact of EU's Russian Gas Ban
A senior official at Naturgy said that the company will be holding talks with Russia's Yamal Gas in order to declare force majeure on their long-term contract. This is due to an EU ban on Russian gas imports.
Exxon’s Uaru project and Whiptail project in Guyana is moving ahead of schedule according to an executive.
Exxon Mobil’s President of Guyana Operations said that the company's fifth- and sixth-projects in Guyana, Uaru and Whiptail, are on schedule and within budget. Alistair Routledge…
Minister Trinidad is confident that gas projects with Venezuela can proceed.
The energy minister for the twin island nation, Trinidad and Tobago, said that the government was confident two major 'offshore gas' projects with Venezuela, to be 'operated' by Shell…
Glencore earned less money from energy sales despite selling more oil for the third consecutive year
The annual earnings of the commodity trader, mining group Glencore showed that it traded more oil in 2013 but made less money?from energy trading? for the third consecutive year.
Glencore returns $2 billion to its shareholders despite earnings decline
Glencore, the commodity trader and miner, announced its results for '2025 on Wednesday. This was just weeks after Rio Tinto, a larger rival, failed to make a takeover offer.
Reports from FT say that Eni, the Italian oil and gas company, is considering a return to trading.
Italian energy major Eni ?is weighing re-entering oil ?and ?gas trading ?as it seeks the outsized returns enjoyed by BP, Shell and TotalEnergies, amid geopolitically-driven price volatility…
Oil minister: Suriname and Guyana will form team to explore joint projects for gas exploration
Suriname’s oil minister said that Suriname and Guyana will 'create' a technical team to investigate the development of natural gas?production between the two South American nations.
Venezuela tensions are set to ease, resulting in a rise in the oil production potential of Guyana
Geopolitical experts and oil specialists?said that the tiny oil-producing country of Guyana has an opportunity to expand its economy amid the ongoing U.S. activities in Venezuela.
Expand Energy exceeds its fourth-quarter profit expectations and plans to reduce debt by $1 billion in 2026
?U.S. Expand Energy, a natural gas producer, beat Wall Street's estimates for the fourth quarter profit on Tuesday. It aims to improve its balance sheet by reducing debts of at least $1 billion in 2026.
Exxon is committed to moving quickly on Guyana gas project, but it needs demand sources for the gas, says executive
Exxon Mobil's chief upstream said that the company is 'committed' to moving quickly to develop natural gas resources in Guyana, but the government of the South American country…
Devon's profits beat expectations for the quarter, but forecasts lower production after winter storm
Devon Energy, a U.S. shale producer, narrowly beat Wall Street expectations for the fourth-quarter profits and forecast lower production in the first-quarter after severe winter…
Ovintiv sells Anadarko assets to Ovintiv for $3 billion
Ovintiv announced?on Tuesday that it had agreed to sell Anadarko?assets?in Oklahoma to an unnamed buyer for $3 Billion, as?the?company sharpens its?focus?on higher-margin?plays?in?the…
EQT Corp beats quarterly profit estimates on higher natgas prices, sales volumes
EQT Corp, a U.S. energy company, beat Wall Street 'estimates' for its fourth-quarter adjusted profits?on Tuesday. It benefited from higher natural gas prices and increased sales volumes.