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Oil & Gas Trade

BP Profit Slides by 40% as Refinery Outage Offsets Higher Output

BP's (BP.L), opens new tab first-quarter earnings plunged by 40% to $2.7 billion, missing forecasts after lower energy prices and a U.S. refinery outage off…

Oil & Gas Trade

BP Q1 Profits Slump to $2.7 Billion, Missing Forecasts

BP (LON:BP) reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower oil and gas prices and a…

Oil & Gas Trade

Russia Plans to Pipe 35 Bcm of Gas to China via Kazakhstan, Tass Reports

Russia plans to send some 35 billion cubic metres (bcm) of natural gas per year to China via Kazakhstan, the TASS news agency reported on Saturday citing Kazakh…

Oil & Gas Trade

Shell Smashes Forecasts With $7.7 Billion Quarterly Profit

Shell (SHEL.L), opens new tab reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian re…

Oil & Gas Trade

Exxon Mobil Completes $60 Billion Deal for Pioneer Natural

A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/F…

Oil & Gas Trade

Occidental Explores Sale of Permian Assets Worth Over $1 Billion, Sources Say

The unstaffed lobby of the North Dakota regional headquarters of oil producer Occidental Petroleum Corp is seen in Dickinson, North Dakota in this October 14, 2…

Biofuel

Mubadala Capital Plans $13.5 Billion Biofuels Investment in Brazil, Financial Times Reports

Abu Dhabi's Mubadala Capital intends to invest about $13.5 billion on a major biofuels project in Brazil over the next decade, under broader plans for the c…

Offshore Wind Power

Romania Towards Energy Independence and Resilience

The Romanian Parliament adopts the country’s first Offshore Wind Energy Law.This bill comes at a time when the country needs to assert its energy independ…

Oil & Gas Trade

Diamondback Energy and Endeavor Receive Second FTC Request Over $26 Bln Deal

Oil and gas firm Diamondback Energy (FANG.O), opens new tab said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in conn…

Oil & Gas Trade

Bulgarian State-Owned Gas Company Makes Big Losses Due to Contract With Turkey

The contract between Bulgargaz and BOTASH provides for the reservation of 1.85 billion cubic metres (bcm) per year of capacity from Turkish LNG terminals to the…

Oil & Gas Trade

Shell Earns $1 Billion a Year From US Crude Trading, Court Filing Shows

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo Purchase Licensing RightsFinancial det…

LNG

Turkey in Talks With Exxonmobil Over Multibillion-Dollar Lng Deal, Ft Reports

Logos of ExxonMobil are seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/ File…

Electric Vehicles

Toyota Investing $1.4b in Indiana to Prepare for Assembly of New Three-Row Electric SUV and Battery Pack Assembly

Toyota will prepare for assembly of an all-new, three-row battery-electric SUV in the US as part of a new $1.4-billion investment in its Princeton, Indiana faci…

Renewable Energy

Iberdrola and Norges Bank Investment Management Conclude Negotiations to Expand Alliance to 2,500 MW of Renewables in Iberia

Following the conclusion of negotiations, the companies add a further 644 MW into their alliance and are now developing approximately 2,500 MW of renewables in …

Coal-Fired Power Plants

Czech Billionaire Kretinsky's Energy Assets Make $7.8 Bln Core Profit in 2023

Czech businessman Daniel Kretinsky speaks at a conference in Prague, Czech Republic, October 17, 2023. REUTERS/David W Cerny/ File photo Purchase Licensing Righ…