Baker Hughes Surges 13% in Revenues in Q2 2024
Baker Hughes has released its second quarter results for 2024, reporting 13% surge in revenues, amounting to $7.1 billion, up from $6.5 billion in the same period of the previous year.
News / International
TotalEnergies Exits Some Blocks Offshore South Africa
TotalEnergies has announced its withdrawal from Blocks 11B and 12B off the southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa has exited holds a 45% interest.
TechnipFMC Reports 16.7% YoY Revenue Rise in Q2 2024
TechnipFMC has released its second quarter results of 2024, reporting $2.325.6 million in revenues, a 17.9% year-on-year (YoY) increase.
Eni Reports 66% Increase in Profit in Q2 2024
Eni has released it second quarter (Q2) of 2024 results , reporting a 66 % increase in profit driven by higher oil prices and production.
CNOOC Makes Progress in Wushi Appraisal well in Beibu Gulf in China
CNOOC has achieved a high yield well in Beibu Gulf producing over 1,000 cubic meters of oil equivalent per day. the first well of such productivity in Wushi Sag.
Australia Announces New Offshore Gas Exploration Permits to Secure Domestic Gas
Australia has unveiled plans to issue new offshore gas exploration permits for its east and west coast markets, aimed at securing long-term gas supply as the country accelerates its shift away from coal-fired power stations.
SLB Reports 8% YoY Rise in Net Income in Q2 2024 Results
SLB has released its second quarter results of 2024, recording net income attributable to SLB of $1.11 billion, a 4% sequential and an 8% year-on-year increase. The diluted EPS on a GAAP basis was $0.77, up 4% sequentially and 7% year-on-year.
Aramco, Air Products Qudra Cooperate to Develop Lower-Carbon Hydrogen Production Business
Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly owned subsidiary of Air Products Qudra (APQ). The agreement will also include options for Aramco to offtake hydrogen and nitrogen.
TotalEnergies Sells Its Interest in SPDC JV, Retaining Interest in Gas Supply to Nigeria LNG
TotalEnergies EP Nigeria has signed a $860 million sale and purchase agreement (SPA) with Chappel Energies for the sale of its10% interest in the SPDC joint venture in Nigeria.
Kuwait Signs Nine Drilling Contracts, Strengthens Heavy Oil operations
Kuwait Oil Company (KOC) has signed nine contracts with five local companies aimed at providing nine surface drilling rigs (550 HP) for heavy oil production operations in the North Kuwait fields for five years, at competitive prices and within the scope of allocated budgets.
