Japex wants to quadruple its oil and gas production in 10 years; it is looking at US expansion
Japan Petroleum - Exploration said Wednesday that it planned to quadruple its oil and gas production over the next decade. It will invest 1.16 trillion yen (7.3 billion) into 'exploration and production'…
Japex will boost profits to 100 billion yen in FY2035 through overseas expansion
Japan Petroleum Exploration announced on Wednesday that it plans to increase its net profit from 45 billion yen (about $628.38 million) in fiscal 2025 to 100 billion ($628.38 million) by fiscal 2035.
Norway's Vaar Energi Q1 operating profit lags forecast
Vaar Energi, a Norwegian oil company, reported a lower than expected operating 'profit for the first quarter. It maintained its dividend and capital expenditure guidance. Vaar…
EQT exceeds profit expectations on higher commodity prices and sales volume
U.S. 'natural gas producer EQT Corp. beat Wall Street?estimates?for?first-quarter?"profit?"on Tuesday. Benefiting from higher commodity?prices and output. The soaring demand…
North Dakota crude production to increase as operators target high oil prices
A state regulator announced Tuesday that North Dakota's crude production is expected to increase in the coming months due to surging oil prices, which are encouraging operators to increase their activity.
Greece plans to spend more money on support measures in 2025 as it expects a better primary budget surplus.
Kyriakos pierrakakis, Greece's Finance minister and Eurogroup chief, said that Greece had achieved a primary budget surplus of 2025 which was better than expected. He wants…
Sources say that Balyasny has hired Glencore's LPG head Hendey to push commodities.
Three'sources' familiar with the matter said that Chicago-based hedge funds Balyasny Asset Management and Balyasny Asset Management have hired Ross Hendy from commodities traders…
Zambia's copper-smelters are planning extended shutdowns to squeeze output and chemical supply
Two?industry? sources said that two of Zambia's biggest copper smelters and sulphuric acids producers would?shut down for extended maintenance this year. This will further squeeze…
Copper Intelligence targets untapped copper deposits in eastern Congo
Copper Intelligence, the U.S.-based explorer, plans to'start drilling in four to six weeks, at what they 'believe is an unexplored copper district,?in eastern Congo.? An?area…
Algeria launches a round of oil and gas licenses to boost production
Algeria, a?OPEC gas-rich member, announced on Sunday that it had launched a?oil & gas licensing round for 2026, offering'seven exploration /blocks? in a bid to?increase output and attract foreign investments…
Norway's sovereign fund supports BP chairman's reelection
The 'world's biggest' sovereign wealth fund of $2.2 trillion, Norway, announced on Saturday that it would vote for the reelection 'of BP Chairman Albert Manifold 'and 'other…
US Energy Department restores funds to carbon removal projects
According to a list of major projects that the Department of Energy sent to Congress earlier this week, the funding will be retained for?carbon direct-air capture? awarded during the Biden administration.
Baker Hughes reports that US drillers have cut back on oil and gas drilling for the second consecutive week.
Baker Hughes, an energy services firm, said that U.S. firms have cut the number of oil and gas rigs for the second week in a row for the first time since march. The number of oil and gas drilling rigs…
Australia lifts fuel restrictions following fire at its largest refinery
The Australian Prime Minister Anthony Albanese stated 'on Friday that a fire in 'the larger of Australia's two oil refineries would not trigger any fuel restriction, as the…
Eni shareholders urged to reject pay increase for CEO by proxy firm
Influential proxy advisor ISS has urged investors to vote against a proposal by Italian energy company Eni to increase its chief executive's salary for 2026. The move was called "excessive".
Source: Trump's energy leaders will hold a call with CEOs about the Iran war
The U.S. The Interior and Energy Departments are holding a conference call on Thursday to discuss the 'potential' of energy companies such as Exxon & Chevron in boosting oil and gas production.
Reeves, UK's Reeves, says borrowing and higher taxes are not good for additional defence spending
Rachel Reeves, the British finance minister, said that she did not support tax increases or increased borrowing in order to pay for an increase in defence spending. This has…
Congo creates strategic reserve of cobalt to influence supply and price, regulator says
The national minerals regulator announced on Thursday that the Democratic Republic of Congo had?established a strategy reserve for cobalt?and?othercritical minerals?. This would…
Maurel & Prom sales in the first quarter more than doubled due to rising oil prices
Maurel & Prom, a French 'oil group, reported that its first-quarter revenue more than doubled from $64?million to $163 million, a rise of 41% in the average price per barrel for each quarter…
Equinor: trading profits to top guidance partly due to Iran war windfall
The Norwegian oil and gas company Equinor said that its downstream division, which includes trading in energy, will report stronger results for the first quarter of this year.
