Kuwait Names CEO and CFO for New Dubai-Based Oil Trading Arm
Kuwait Petroleum Corp.'s oil trading unit appointed company veteran Abdullatif Almukhaizeem as chief executive officer.
WTI Slips Below $73 on Mixed Tariff Signals
Oil dipped as conflicting reports on tariffs for Canada and Mexico fueled market uncertainty.
Macquarie Strategists See 'Very Large' USA Crude Build in Next EIA Report
The EIA's next weekly petroleum status report is scheduled to be released on February 5 and will include data for the week ending January 31.
Murphy Oil Raises Dividend even as Profit Slashed
Murphy Oil increased its quarterly cash dividend by eight percent, even as fourth-quarter earnings took a hit from lower production and prices.
2024 Sees $105B in USA Upstream Deals, EIR Reveals
Enverus Intelligence Research revealed that 2024 'closed with $105 billion in U.S. upstream deals'.
Valero Sees Q4 Profit Plunge on Weaker Refining Margins
Valero reported $207 million in adjusted net profit for the fourth quarter of 2024, down from $1.21 billion for the same three-month period 2023 as refining margins fell.
Chevron Lifts Dividend After Profit Disappoints on Oil Slump
Chevron Corp. raised dividends by five percent even as profit underperformed expectations.
Exxon's Rising Production Drives Earnings Beat Despite Oil Slide
Adjusted fourth-quarter earnings of $1.67 a share exceeded the consensus forecast by 12 cents.
Energean Boosts 2024 Production
The company's development and production capital expenditure is projected to be between $400 million and $430 million.
MODEC, TOYO Get Approval in Principle from ABS for Blue Ammonia FPSO
Ship classification organization ABS granted approval in principle for an FPSO vessel for blue ammonia designed by Japanese firms MODEC and TOYO.
Baker Hughes Announces Major Gas Tech Orders for Venture Global LNG
'As power demand surges, LNG has a critical role to play in providing a reliable, flexible fuel source that can be quickly scaled to meet rising demand', Baker Hughes Chairman and CEO Lorenzo Simonelli said.
EU Commission Set to Award $1.3B Grants for Cross-Border Energy Projects
The European Commission plans to award about $1.3 billion in grants to 41 cross-border energy infrastructure projects, mostly in the study stage.
MTR Carbon Capture Bags Contract from TSMC
MTR Carbon Capture will install its Polaris membrane carbon capture system at TSMC's Taichung Zero-Waste Manufacturing Center.
UK Sets Goal to Cut CO2 Emissions by 81 Percent by 2035
The UK submitted a plan to the UN to cut its CO2 emissions by at least 81 percent by 2035.
Oil Futures Spike Then Fade as Trump Weighs Tariffs on Crude
Oil prices briefly surged after Trump reiterated a 25% tariff threat on Canadian and Mexican imports but quickly fell as he delayed a final decision.
Shell, Thebe Near $1B South Africa Oil Asset Sales Pact
Shell has a network of 600 service stations across the country.
USA Crude Oil Inventories Increase WoW
Crude oil stocks, not including the SPR, stood at 415.1 million barrels on January 24, according to the EIA.
Hess Doubles Guyana Oil Output
Hess grew its net oil production in Guyana by 52 percent year-on-year to 195,000 bpd in the fourth quarter of 2024.
UK Oil Ruling Sets Up Growth Versus Climate Test for Government
A UK court ruled that two North Sea oil and gas fields must re-apply for environmental permits while allowing the developments to continue.
Gran Tierra To Drill 10-14 Development Wells in 2025
The company has allotted a capital expenditure budget of $240 million to $280 million for the year.
