Shell Reports $6B Profit in Q3, Surpassing forecasts by 12%
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.
News / International
TotalEnergies Records $4.1B Earnings in Q3, Slightly Missing Analysts’ Expectations
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 Starts Production Operations at Mero Filed in Brazil
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 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.
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.
