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.
News / International
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.
Enagas Receives Green Light to Develop Interconnection Pipeline for H2MED Hydrogen Project
Gas grid operator Enagas has received preliminary approval to start developing the Spanish section of a planned trans-European hydrogen pipeline and related infrastructure projects.
India Set to Boost Diesel, Jet Fuel Exports to Australia, Singapore
India is poised to increase its diesel and jet fuel exports to Singapore and Australia in July. The expected surge in shipments, ranging from 157,000 to 224,000 barrels per day (bbl/d), is the highest since end-2021 and early 2022 and represents a 30% increase from June's figures, according to Reuters.
Oman to Develop New LNG Train with Capacity of 3.8 MTPA
Oman plans to develop an additional liquefied natural gas (LNG) train with a capacity of 3.8 million metric tons per annum (mtpa) at Qalhat Industrial Complex in the Wilayat of Sur, South A’Sharqiyah Governorate.
