News / International

Harbour Energy Q1 2025 Production Surges By190%

Harbour Energy operational results showed a 190% increase in its production volumes, reaching 500,000 barrels of oil equivalent per day (boe/d) during the first quarter (Q1) of 2025. The production was split into 40% liquids, 40% European natural gas, and 20% non-European natural gas. The company, a major player in the oil and gas industry with a wide presence across the world, has added new wells in the UK, Argentina, Egypt and Germany, according to the company's website. Furthermore, it reported a 90% production efficiency.

ExxonMobil to Invest $1.5B in Nigerian Oilfield

Nigeria’s oil regulator stated that ExxonMobil will invest $1.5 billion in developing its deepwater operations in the country.

ADNOC Distribution Records 16% Profit Growth YoY during Q1 2025

ADNOC Distribution, one of Abu Dhabi National Oil Company (ADNOC) subsidiaries and the UAE’s largest fuel and convenience retailer, reported a growth in its net profit by 16%, to reach $174 million during Q1 2025, compared to $150 million during Q1 2024.

ADNOC Gas’ Net Income Grows 7% YoY in Q1 2025

ADNOC Gas plc, one of the affiliated companies of the Abu Dhabi National Oil Company (ADNOC) and a world-class integrated gas processing and sales company, announced that it achieved increase in its net income by 7% Year on Year (YoY) after reaching $1.27 billion during Q1 2025 compared to $1.187 billion in Q1 2024.

EU to Unveil Strategy to End Russian Natural Gas Imports by Late 2027

The European Union (EU) will release plans to prohibit new Russian natural gas agreements by the end of this year and gradually terminate current contracts with Moscow by the close of 2027.

ExxonMobil posts a 7% drop in profits, a cash flow of $13 billion in Q1 2025

ExxonMobil Corporation announced its financial results for the Q1 2025 in which it achieved earnings amounts to $7.7 billion compared to $7.6 billion in Q4 2024 and $8.2 billion in Q1 2024.

TotalEnergies Celebrates Groundbreaking of Oman’s Marsa LNG Plant

TotalEnergies, the world’s third-largest LNG player, and OQ Exploration and Production (OQOP), Oman’s national oil company, celebrated the groundbreaking of the Marsa LNG plant in the port of Sohar, in the northern part of the Sultanate.

Shell Explores BP Acquisition, reports strong Q1 results

Shell is studying the feasibility of acquiring the British oil giant, British Petroleum , according to Bloomberg. 

OPEC+ to Introduce Another Output Increase in June

OPEC+, a collaboration between OPEC and other oil-producing nations led by Russia, will introduce a 411,000 barrels per day (bbl/d) hike in its production in June, mirroring the surge it adopted in May.

Equinor Reports Strong Performance during Q1 2025

Equinor reported strong financial and operational performance during the first quarter (Q1) of 2025. According to the results, Equinor delivered adjusted operating income of $8.65 billion and $2.25 billion after taxes.

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