Canada’s Trans Mountain Extended Oil Pipeline Project Commences Operations
Canada's long-delayed Trans Mountain oil pipeline has commenced operations, after 12 years and a C$34 billion investment.
News / International
Hydrom Awards Two Green Hydrogen Projects Worth $11B in Dhofar
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 Beats Q1 Profit Estimates in 2024
Marathon Oil has announced its first quarter results of 2024, beating profit estimates, due to higher oil and liquefied natural gas (LNG) pricing.
Iran to Boost Oil Production by 400,000 bbl/d
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).
European Commission, Saudi Arabia Talk Energy MoU
Saudi Minister of Energy, Abdulaziz bin Salman, and the European Commissioner for Energy, Kadri Simson, talked about cooperation in energy and clean technologies as a means to strengthen bilateral ties, support the objectives of the Paris Agreement, and implement the outcomes of the UAE Consensus from COP28.
EIC Spotlights Pioneering Energy Solutions at European Sustainable Energy Week
The European Innovation Council (EIC) is showcasing leading renewable energy and energy efficiency companies at the European Sustainable Energy Week, which is planned to be hosted in June 2024, featuring presentations by their CEOs and other top leaders.
Ithaca Energy Acquires Majority Eni’s UK assets in $940M North Sea deal
Ithaca Energy has signed a deal to purchase the majority of Eni's UK-based oil and gas producing assets for approximately $938.28 million in stock, as it looks to become one of the biggest independent energy companies in the North Sea.
Equinor Records $7.53B in Adjusted Operating Income, Exceeding Analysts’ Forecast
Equinor has announced its first-quarter 2024 results, reporting an adjusted operating income of $7.53 billion and $2.57 billion after tax, a 36.7% decline from the previous year. However, the figure exceeded the $7.2 billion forecast based on a survey of 22 analysts compiled by the company.
Chevron’s Q1 Profit Exceeds Estimates Amid Oil Production Growth
Chevron Corp surpassed expectations for first-quarter profit, driven by increased production volumes in the US which offset the impact of weak natural gas prices and fuel margins.
CNOOC Rises 23.7% YoY in Net Profit for Q1 2024
CNOOC Limited has reported its first quarter results of 2024, showcasing progress in oil and gas exploration, development, and operational efficiency.
