bp Reports $2.3B Quarterly Profit, Lowest in Nearly Four Years
bp has reported a decrease in profit for the third quarter of 2024 of 30% to $2.3 billion, marking the lowest quarterly profit in nearly four years.
News / International
TotalEnergies Discovers New Gas Condensate Resources Offshore Harald Field
TotalEnergies has discovered additional gas condensate resources in the Harald field in the Danish North Sea. The Harald East Middle Jurassic nearby exploration well (HEMJ-1X) was drilled in the Eastern part of Harald field and encountered 48 meters of net gas condensate pay in a good quality reservoir.
China’s CNOOC Signs Oil, Gas Contract to Develop Iraq’s Block 7
China's CNOOC has signed an Exploration, Development & Production Contract (EDPC) with Iraq's state-run Midland Oil Company to explore for oil and gas at the Block 7 field in the Middle East nation.
Aramco Signs Agreement with Petrovietnam for Energy, Petrochemical Cooperation
Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group, Petrovietnam, to explore opportunities for cooperation in storage and the supply and trading of energy and petrochemical products.
CNOOC Reports 9% Increase in Q3 Net Income Amid Higher Oil and Gas Output
Chinese offshore oil and gas giant CNOOC Ltd announced a 9% increase in its third-quarter net income compared to the previous year, as higher oil and gas output offset lower realized oil prices.
Baker Hughes Secures Contracts to Supply Petrobras with Flexible Pipe Systems
Baker Hughes has signed contracts with Petrobras to provide 77 kilometers of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The multi-year project, signed on October 15, 2024, following an open tender, includes risers and flowlines for hydrocarbon production, as well as associated gas and water injections with support for equipment storage, maintenance, and installation.
Iran Loads Over 46 Million Tons of Crude, Petroleum Products in 7 Months
Iran's Ports and Maritime Organization (PMO) has reported more than 46.075 million metric tons (mt) loadings of crude oil and petroleum products at Iranian ports in the seven months ending October 21.
CNOOC Begins Production at Xijiang Oilfield Blocks Ahead of Schedule
CNOOC has commenced production at its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project located in eastern South China Sea, ahead of schedule.The project, with an average water depth of about 98 meters, is expected to reach a peak production of approximately 26,000 barrels of oil equivalent per day (boe/d) in 2027. The oil property is medium crude.
SLB Reports Strong Third-Quarter Results Amid Evolving Market Conditions
SLB has announced its third-quarter results (3q24), achieving a notable revenue of $9.16 billion, a 10% increase year-on-year, despite a cautious macroeconomic environment.Â
Petrobras Secures Deal to Supply Vale with Fuel Containing Renewable Content
Petrobras has signed an agreement to supply Vale with diesel containing renewable content, with potential to expand to other low-carbon fuels, according to Reuters.
