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Oil Price

BP Looking at Billions in Buybacks for Q4

British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.

Philippines

Philippines’ Meralco Posts 20% Net Income Growth in First Nine Months

Its reported net income stood at P19.8b (US$341m).

Wind Turbine

Wind Turbine Orders in Europe Show Downward Trend – Urgent Policy Support Needed

Wind turbine orders in the third quarter of 2022 fell by 36% compared with Q3 in 2021.

GE’s Renewables Business Reports $1.8bn Loss so Far This Year

Industrial giant GE reported a bumpy third quarter across its renewable energy and power business segments.

Fortescue Future Industries Invests in Zhero

Fortescue Future Industries (FFI) is investing in Europe and US-based green hydrogen and renewable energy development company, Zhero.

Wind Turbine

Wind Unfavourable for EU Wind Turbine Orders

Turbine orders across Europe plummeted 36% in the third quarter, according to a report.

Exxon's Third-Quarter Record Profit Surges on Higher Energy Prices

The Texas-based company posted a net profit of $19.66bn for the three months to September 30.

Shell More Than Doubles Profits in Third Quarter

The company’s underlying profits reached $9.5 billion in the third quarter.

France

French Power Group EDF Issues New Profit Warning

EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…

LNG

TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment

TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…

LNG

Shell Posts $9.5 Bln Profit, Plans to Boost Dividend

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…

Coal Production

Indonesia’s Pivot Away From Coal Will Require Massive Investments

As the world’s largest coal exporter, Indonesia will play a key role in reducing global emissions, but it needs help to do it.

Natural Gas

Factbox: How Is Germany Replacing Russian Gas?

Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows fro…

Oil Price

Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins

Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…

Natural Gas

Uniper Shuts Down 50% Of Headquarters to Save Gas

German utility Uniper is shutting half the office space in its headquarters and lowering temperatures in areas remaining open to save gas.