Finance and Investing News for Caspian/Central Asia


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Aramco Sets New Quarterly Earnings Record Share your comments
Monday, May 16, 2022Saudi Aramco revealed that it set a new quarterly earnings record.

Brazil Faces Rigorous Inflation Outlook as Interest Rates Rise Share your comments
Tuesday, May 10, 2022Brazil's central bank said much of the impact of its “intense and timely” cycle of interest rate hikes is still to come even as it left the door open to smaller borrowing cost increases amid a tough inflation outlook.

Shell Reports Strong 1Q Results Share your comments
Thursday, May 05, 2022Shell reported 'strong results in volatile times'.

Berkshire Buys More Occidental Stock Share your comments
Thursday, May 05, 2022Berkshire Hathaway Inc. snapped up about 5.9 million more shares of Occidental Petroleum Corp.

Shale Explorers Boost Payouts Over Production Share your comments
Tuesday, May 03, 2022Shale drillers Diamondback Energy Inc., Devon Energy Corp. and Coterra Energy Inc. are boosting dividends.

BP Reports $20B Loss in 1Q Results Share your comments
Tuesday, May 03, 2022The reported loss for the quarter was primarily due to BP's decision to exit its Rosneft shareholding.

Shale Giants Dump Oil Hedges Share your comments
Tuesday, May 03, 2022Producers in the aggregate are looking at about $42 billion in oil and gas hedging losses through 2023, according to BloombergNEF calculations of data from last year.

Exxon 1Q Profits Double Despite $3.4B Charge From Sakhalin Exit Share your comments
Monday, May 02, 2022ExxonMobil has announced estimated first-quarter 2022 earnings of $5.5 billion, slightly higher than the prior quarter.

Chevron Reaps Biggest Profit in Almost 10 Years Share your comments
Friday, April 29, 2022Chevron Corp. posted the highest quarterly earnings in almost a decade.

TotalEnergies 1Q Net Income Rises Almost 50 Percent YoY Share your comments
Thursday, April 28, 2022TotalEnergies has revealed that its first quarter net income rose almost 50 percent.

Eni Subsidiary To Invest In Floating Wind Tech Share your comments
Tuesday, April 26, 2022Eni's subsidiary Plenitude will invest in the developer of the W2Power technology for floating wind power EnerOcean.

Big Oil Russia Writedowns Eased by Cash From $100 Oil Share your comments
Tuesday, April 26, 2022This will be a first-quarter earnings season full of contradictions.

Oil Executives Cash In on $1.35B of Stock Share your comments
Sunday, April 24, 2022The 21-member S&P 500 Energy Index has climbed 45 percent this year.

Halliburton Boosts 1Q Net Income 55 Percent Year on Year Share your comments
Wednesday, April 20, 2022Halliburton's total revenue for the first quarter of 2022 was $4.3 billion.

Shell to Write Down as Much as $5B on Russia Exit Share your comments
Thursday, April 07, 2022Shell Plc said its withdrawal from Russia will result in $4 billion to $5 billion of impairments.

Exxon Flags Huge Profit Jump Share your comments
Tuesday, April 05, 2022Exxon Mobil Corp. signaled its highest profit since 2008.

Cenovus Joins Oil Drillers Ditching Hedges Share your comments
Monday, April 04, 2022Those who did hedge find their deals increasingly underwater.

CNOOC Plans Share Buybacks After Record Profit Share your comments
Wednesday, March 30, 2022China's biggest offshore driller reported 70.3 billion yuan ($11 billion) in net income in 2021.

Shell To Invest $33Bn In UK After Cutting Russian Ties Share your comments
Friday, March 25, 2022Shell has announced that it will inject up to $33 billion into the UK's energy system following the company cutting all ties with Russia.

Saipem Approves $2.2Bn Plan To Escape Financial Rut Share your comments
Friday, March 25, 2022Saipem made a new plan to strengthen its financial position by launching a capital increase of around $2.2Bn by the end of the year.

Banking Giant ING No Longer Funding New Oil And Gas Fields Share your comments
Thursday, March 24, 2022Dutch multinational banking giant ING has decided to restrict financing for new oil and gas fields and increase financing for renewables.

Buffett Sitting on Oxy Warrants That Could Give Him 23.6 Percent Stake Share your comments
Wednesday, March 23, 2022Occidental is the top performer in the S&P 500 Index this year.

USA SEC Proposes Climate Disclosure Rule Share your comments
Tuesday, March 22, 2022Industry groups are concerned.

Aramco Net Income More Than Doubles to $110B Share your comments
Monday, March 21, 2022The figure marks a 124 percent increase compared to its net income of $49 billion in 2020.

Texas Asks 19 Finance Firms for Fossil Fuel Stance Share your comments
Thursday, March 17, 2022The state's comptroller wrote to 19 domestic and foreign banks and asset managers seeking clarification.

Crondall Energy Secures $1.3MM Loan From Boost Share your comments
Wednesday, March 16, 2022Crondall Energy has secured a loan of $1.3 million from Boost as it aims to expand its reach and look for new energy transition initiatives.

Hedge Funds Make Record Cut to Bullish Oil Bets Share your comments
Monday, March 14, 2022Crude prices have been volatile since war broke out in Ukraine.

Frontera, CGX Agree On Further Guyana Ops Financing Share your comments
Friday, March 11, 2022Frontera and CGX Energy have entered into a financing agreement for a $35M loan enabling CGX to continue financing Corentyne Block costs.

Net-zero Tech Funding Competition Launched In UK Share your comments
Wednesday, March 09, 2022The Net Zero Technology Centre will be funding an innovation program for technology that will help reduce emissions and deliver the UK's net-zero ambitions.

TotalEnergies Adds $50MM To Southeast Asia Forestry Fund Share your comments
Friday, March 04, 2022TotalEnergies will be contributing $50 million to the 'Tropical Asia Forest Fund 2' managed by New Forests.

Altrad Buys Sparrows Group For Undisclosed Fee Share your comments
Thursday, March 03, 2022Altrad has reached an agreement to acquire Sparrows Group, and its 2,000 employees, for an undisclosed fee.

Kinetik Starts Trading on Nasdaq Share your comments
Thursday, February 24, 2022Following the merger between Altus Midstream and BCP Raptor Holdco, the newly formed company Kinetic Holdings started trading on Nasdaq Global.

After More Then A Year Of Restructuring Seadrill Clears Chapter 11 Share your comments
Wednesday, February 23, 2022Seadrill Limited has emerged from Chapter 11 bankruptcy following more than a year of restructuring.

Ezion Holdings Unit Under Voluntary Liquidation Share your comments
Monday, February 21, 2022Ezion Holdings has informed that its wholly-owned unit, Teras Conquest 9 Pte Ltd (TC9PL), has been placed under creditors' voluntary winding-up.

Eni Profit Surges Share your comments
Friday, February 18, 2022Eni SpA reported fourth-quarter net income returned to pre-Covid levels.

Green Hydrogen Pioneer Receives Record $230MM Investment Share your comments
Friday, February 18, 2022Hy2gen AG, a green hydrogen investment platform, has completed an investment round worth around $230 million.

Oil Curves Show One of the Tightest Markets Ever Share your comments
Thursday, February 17, 2022Brent prices have swung wildly above $90 this week.

Saipem Is Said to Explore $4.5B Survival Package Share your comments
Wednesday, February 16, 2022Saipem has been struggling to cope with lower energy demand and sagging investments.

Var Energi Sets Share Price Ahead Of IPO Share your comments
Tuesday, February 15, 2022Var Energi has set an offer price for shares at $3.15 per share ahead of its initial public offering.

Merger Plan In Place For Creation Of Aker BP-Lundin Combination Share your comments
Tuesday, February 15, 2022Aker BP and Lundin Energy have signed a merger plan with an aim to close the combination in mid-2022.

Kinetik Born out of Altus Midstream-BCP Merger Share your comments
Monday, February 14, 2022Following a positive vote by the shareholders, the Altus Midstream Company and BCP Raptor Holdco merger will go through on February 22.

BW Offshore Taking FPSO Impairments Over Lack Of Redeployment Options Share your comments
Monday, February 14, 2022BW Offshore will be taking an impairment to the value of several FPSOs over lower expectations for longer extensions on current contracts.

Big Banks Provide $33B To New Oil And Gas Despite Net-Zero Pledges Share your comments
Monday, February 14, 2022Europe's largest banks have provided $33B to oil and gas companies looking to expand production less than a year after pledging to target net-zero carbon emissions.

USA Crude to Help Set Most Vital Oil Price From 2023 Share your comments
Monday, February 14, 2022U.S. oil is set to be added to the world's most important crude benchmark.

Inpex To Splash Up To $38B In Growth Areas Share your comments
Friday, February 11, 2022Inpex has announced it would invest $38 billion in growth areas over the next nine years.

Big Oil Pumping Cash as If $100 Oil is Here Share your comments
Friday, February 11, 2022BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008.

TotalEnergies Boosting Investor Returns After Record Profit Share your comments
Thursday, February 10, 2022The results round out a strong run of earnings from Big Oil.

Technip Energies Buys Stake in Renewables Startup X1 Wind Share your comments
Wednesday, February 09, 2022Technip has strengthened its focus on energy transition with the purchase of a 16.3 percent stake in a renewable energy startup, X1 Wind.

Aker Solutions Buying Consultancy Firm To Drive Energy Transition Share your comments
Wednesday, February 09, 2022Aker Solutions has agreed to acquire electrical power systems consultant firm Unitech Power Systems, in line with its growth strategy.

NY Pension Fund Plans to Restrict Investments in Oil Cos Share your comments
Wednesday, February 09, 2022The move follows an internal review.

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