Freeport shares drop after warning that recovery at the Grasberg Mine will be slow following a deadly incident
Miner Freeport-McMoRan said on ?Thursday it expects a slower-than-anticipated recovery at ?its flagship Grasberg mine ?in Indonesia after ?a ?fatal mud flooding incident disrupted operations.
BP fails in its attempts to obtain shareholder approval for two AGM Resolutions
BP announced that it failed to get a majority 'approval' from shareholders for two special resolutions presented at its annual general meeting on Thursday. "While it appears…
Forbes reports that Russian billionaires have increased their wealth by 11% in a single year, despite the war and sanctions.
Forbes Russia reported that Russian billionaires have increased their wealth 11% to a record $696.5 Billion over the last 'year, despite the conflict in Ukraine and the toughest…
Australian pension fund votes to oppose Woodside CEO's compensation package
HESTA, the Australian pension fund, voted on Thursday against the multi-million dollar pay package for new Woodside Energy CEO Liz Westcott and against the re-appointment of two directors.
Australia shares drop as fears escalate over Mideast conflict
Australian shares fell to a two-week low across all sectors on Thursday, as investors worried about reports of gunfire in the Strait of Hormuz, and faded hopes of a peace agreement.
Weatherford claims oilfield activity has returned to normal in Mexico, and the company is getting paid
Weatherford International, a U.S. oilfield service firm, said on Wednesday that oilfield activities in Mexico have 'normalized' and they are now starting to be paid. A 'new financial mechanism?
BP's lockout at Indiana refinery extends into a second month after union talks stall
A lockout at BP's 440,000-barrel-per-day ?refinery in Whiting, Indiana, enters its second month as the ?British oil major and ?hundreds of union workers ?remain ?at odds. BP…
ConocoPhillips shareholders urged to vote for an independent board chair by proxy advisor ISS
Proxy advisor ISS recommended on Wednesday that ConocoPhillips' shareholders vote 'in favor' of a proposal requesting an?independent chair. They cited the need for a stronger oversight of management.
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.
