Finance News
The most recent oil and gas industry financial headlines.
PetroChina Posts Higher Annual Profit on Higher Production
Thursday, March 28, 2024 - PetroChina reported $20.6 billion in net income for 2023, up 8.3 percent compared to 2022 as growth in both upstream and downstream output offset weaker oil prices.
McDermott Settles Reficar Dispute
Thursday, March 28, 2024 - McDermott said it has fully resolved the Reficar arbitration case and concluded interrelated Dutch and British legal processes.
US Govt Makes Record Investment of $6B for Industrial Decarbonization
Wednesday, March 27, 2024 - The DOE selected 20 states for the deployment of up to $6 billion in funding to reduce emissions from energy-intensive manufacturing industries.
Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
Wednesday, March 27, 2024 - CEZ saw sustained production and gains from commodity trading offset lower electricity prices and lower domestic demand for electricity, as well as higher taxes.
Canacol Annual Net Income Slips as Production Capacity Dips
Tuesday, March 26, 2024 - Canacol's net income for 2023 stood at $86.2 million.
US DOE Earmarks $475MM for Five Clean Energy Projects in Mine Lands
Tuesday, March 26, 2024 - The projects encompass various clean energy technologies, including solar, microgrids, pumped storage hydropower, geothermal, and battery energy storage systems.
Sinopec Posts 13 Percent Fall in Annual Profit on Weaker Oil Prices
Monday, March 25, 2024 - Sinopec's annual profits declined 13 percent, after oil prices fell and Chinese refiners posted a record year for processing and imports.
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Gulf of Mexico |
Brent Crude Oil : | $73.06/BBL | 0.01% |
Light Crude Oil : | $67.89/BBL | 3.64% |
Natural Gas : | $2.72/MMBtu | 1.44% |
Updated in last 24 hours |