Aramco has announced its first quarter results of 2024 (Q1 2024), reporting net income of $27.3 billion, slightly lower than Q1 2023 that was $31.9 billion. This was primarily due lower oil prices and volumes sold.
CNOOC Limited has announced the start of production for the Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project.
ExxonMobil has completed the acquisition of Pioneer Natural Resources, doubling the company’s Permian production volume to 1.3 million barrels of oil equivalent per day (mboe/d), based on 2023 volumes, and is expected to increase to approximately 2 mboe/d in 2027, based on initial estimates.
QatarEnergy has signed long-term time charter party (TCP) agreements with three Chinese ship owners. These agreements will cover the operation of nine new, ultra-modern LNG vessels, aimed to increase QatarEnergy's LNG production capacity from the North Field to 142 million tons per annum (mtpa) by 2030.
APA Corporation has announced its first-quarter 2024 financial and operational results, reporting a net income attributable to common stock of $132 million, or $0.44 per diluted share, compared to $0.78 a year ago.
Lightsource bp, a British solar energy company, is gearing up to build a massive 560-megawatt solar park in central Greece. This €395 million project will be financed through loans from the European Union's National Recovery and Resilience Plan Greece 2.0 and from Eurobank, According to Balkan Green Energy News.
Canada's long-delayed Trans Mountain oil pipeline has commenced operations, after 12 years and a C$34 billion investment.
Hydrom, Oman's green hydrogen orchestrator, has announced the signing of two green hydrogen projects in Dhofar, totaling a $11 billion investment. These agreements follow the successful second round of Hydrom auctions, positioning Oman to achieve a hydrogen production capacity of 1 to 1.5 million tons per year (mtpa) by 2030.
Marathon Oil has announced its first quarter results of 2024, beating profit estimates, due to higher oil and liquefied natural gas (LNG) pricing.
Iran's Oil Minister Javad Owji has revealed plans to ramp up the country's crude oil production by a 400,000 barrels per day (bbl/d).
