TotalEnergies Announces First Oil from Anchor Field in Gulf of Mexico
TotalEnergies has announced the start of production from the Anchor field, located 225 km offshore Louisiana in the US Gulf of Mexico.
News / International
ADES Secures $640M Drilling Rig Contracts in Kuwait
ADES Holding Company (ADES) has secured six onshore contracts through its subsidiary with Kuwait Oil Company (KOC). The Award includes new contracts for four of the ADES’ current operating rigs in Kuwait as well as two newbuild units.
Shell Announces Phase 2 Development of Surat Gas Project in Australia
Shell has announced its plan to develop Phase 2 of Surat Gas Project (SGP) in Queensland, Australia alongside its partner Petrochina through their 50/50 incorporated joint venture, Arrow Energy.
Petrobras Achieves Gas Discovery in Uchuva-2 Well Offshore Colombia
Petrobras has achieved gas discovery in Uchuva-2 well in Colombia and expected to reveal drilling results by 2024.
Aramco Beats Estimates with Profits of $29.3B in Q2 2024
Aramco has reported a net income of 109.01 billion riyals ($29.03 billion) in the three months to June 30, beating a company-provided median estimate from 15 analysts of $27.7 billion.
bp Signs MoU with Iraq to Explore Redevelopment in Kirkuk Region
bp has signed a memorandum of understanding (MoU) with Iraq to negotiate a material-integrated redevelopment program for the Kirkuk region, including oil and gas investment, power generation, and solar along with wider exploration activities.
ExxonMobil Boasts Profits of $9.2B in Q2 2024
Exxon Mobil has released its second quarter results for 2024 (Q2 2024), reporting a $9.2 billion profit, from $7.88 billion in the same period last year. This was driven by rising oil prices and the volume gains from its acquisition of shale oil firm Pioneer Natural Resources this year.
APA Reports Strong Q2 2024 Results in Egypt with Net Income of $541M
APA Corporation has released its financial and operational results for the second quarter of 2024 (Q2 2024), reporting an increase in net income attributable to common stock of $541 million, compared to $381 million in Q2 of 2023.
bp Reports $2.8B in Profits During Q2 2024, Surpassing Forecasts by 9%
bp has announced profits of nearly $2.8 billion in the second quarter of 2024 (Q2 2024), surpassing analysts' forecasts by 9%, due to higher oil prices and solid retail earnings, which compensated for the impact of weak refining margins. It also reported a dividend increase and the continuation of its share repurchase program, following the release of its Q2 2024 results.
Shell Beats Forecasts with $7.7b Quarterly Profit in 2024
Shell has released its second quarter results for 2024, recording $7.7 billion in profit exceeding forecasts of $6.46 billion, a figure that pales in comparison to the $9.65 billion reported a year earlier.
