Kuwait Petroleum Corporation has signed a two-year agreement with Korea National Oil Corporation (KNOC) for the storage of up to 4 million barrels of crude oil within KNOC’s storage facility located in Ulsan.
Chevron announced its third-quarter 2024 results, reporting earnings of $4.5 billion, or $2.48 per diluted share, a decrease from $6.5 billion, or $3.48 per diluted share, reported in the same period last year. Despite the lower earnings, Chevron's results surpassed analyst forecasts, which had projected a revenue of $48.99 billion and an EPS of $2.43.
ExxonMobil reported earnings of $1.92 per share for Q3 2024, surpassing analysts' expectations of $1.88 per share. Although their year-to-date earnings decreased to $26.1 billion from $28.4 billion last year due to lower refining margins and natural gas prices, they offset this decline with record high liquids production and increased high-value product sales.
Shell announced on Thursday a third-quarter profit of $6 billion, surpassing forecasts by 12% as robust liquefied natural gas (LNG) sales offset decline in oil refining and trading results.
TotalEnergies released its third quarter results of 2024, reporting $4.1 billion in adjusted net income, the lowest in three years due to weak refining margins and upstream outages.
Petrobras has commenced production operations at the FPSO Marechal Duque de Caxias (Mero 3) in the Mero field, located within the pre-salt Santos Basin, Brazil.
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.
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 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 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.
