Results 50 articles shown
Pemex Eyes Job Cuts to Save $540 Million via Restructuring
Pemex aims to cut as many as 3,114 tenured employees.
8:00 PM EST | May 22, 2025
Petrofac Gets Court Approval for Restructuring but Faces Appeal
Petrofac received approval from the High Court of England and Wales to enforce its financial restructuring plan that would unlock $355 million in new funding.
8:00 PM EST | May 21, 2025
Woodside Offers $3.5B Bonds
The underwriters are Barclays Capital, JP Morgan Securities, BofA Securities, Goldman Sachs & Co. and UBS Securities.
8:00 PM EST | May 20, 2025
ADNOC Gas to Join MSCI Emerging Markets Index
'The development is set to increase the Company's visibility among international institutional investors'.
8:00 PM EST | May 19, 2025
ADNOC Signs Agreements for Potential $60B of USA Investments
The agreements were made during the UAE-US business dialogue with President Donald Trump.
8:00 PM EST | May 17, 2025
Valeura Energy Makes FID on Wassana Field in Gulf of Thailand
The redevelopment of the Wassana field will be done through a new-build central processing platform to optimize full block potential.
8:00 PM EST | May 17, 2025
Eni Offers $1B Bond
Eni returned to the U.S. bond market with the 10-year offering.
8:00 PM EST | May 12, 2025
Shell Shows Its Strength by Sticking to Plans Amid Oil Downturn
Shell Plc stood out from its peers.
8:00 PM EST | May 01, 2025
Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges
Big Oil is finding it increasingly difficult to maintain share buybacks.
8:00 PM EST | May 01, 2025
ADNOC Sells $1.5B in Debut Sukuk
ADNOC sold debt compliant with Islamic rules for the first time as the state producer works to diversify funding.
8:00 PM EST | April 29, 2025
Afreximbank Forms $3B Fund for Africa, Caribbean Oil Import Needs
The financing program aims to help countries in the continent and the Caribbean bridge the cost of importing refined petroleum products.
8:00 PM EST | April 29, 2025
Woodside Reaches $17.5-B Investment Decision on Louisiana LNG
The Australian company approved phase 1, which involves 3 liquefaction trains with a combined capacity of 16.5 MMtpa, out of a total permitted capacity of 27.6 MMtpa.
8:00 PM EST | April 28, 2025
Devon Targets $1B Annual Free Cash Flow Growth by 2026
'The plan includes actions to achieve more efficient field-level operations and improvements in drilling and completion costs while improving operating margins and corporate costs'.
8:00 PM EST | April 22, 2025
BW Energy Makes FID on Golfinho Boost Project Offshore Brazil
The $107 million project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12 million barrels.
8:00 PM EST | April 19, 2025
Fracker Liberty's Profit Falls to 3-Year Low as Oil Slumps
Shale fracker Liberty Energy Inc. posted its worst earnings in three years.
8:00 PM EST | April 16, 2025
Eni Proposes $1.64 Billion Share Buyback Package
The proposed program is increasable up to EUR 3.5 billion.
8:00 PM EST | April 07, 2025
WPC JV, Targa Make FID on Traverse Pipeline Along Gulf Coast
The Traverse Pipeline will be constructed and operated by WhiteWater and is expected to be in service in 2027.
8:00 PM EST | April 05, 2025
Norway State Fund Invests in RWE Wind Projects Offshore Denmark, Germany
Norges Bank Investment Management signed an agreement with RWE to acquire a 49 percent stake in the German utility's Nordseecluster and Thor offshore wind projects in Germany and Denmark respectively.
8:00 PM EST | April 03, 2025
Petronas Issues $5 Billion Bonds
Malaysia's national oil and gas company said it had achieved the biggest oil and gas debt instrument sale in Asia since 2020 with the issuance of $5 billion senior notes.
8:00 PM EST | April 01, 2025
Nigerian State Oil Giant Seeks Advisers for Delayed IPO
Nigeria's state oil company is courting international and local markets for advisers as it prepares for a long-delayed initial public offering.
8:00 PM EST | March 27, 2025
Cnooc Profit Rises on Increased Oil and Gas Drilling Output
Cnooc Ltd posted higher annual earnings and boosted its dividend.
8:00 PM EST | March 26, 2025
Vopak to Invest Additional $1B in Gas, Industrial Infrastructure
Vopak said it aims to invest in attractive and accretive growth projects in gas, industrial, and energy transition infrastructure.
8:00 PM EST | March 16, 2025
NOG Raises Buyback Plan by $100 Million
'The increased authorization reflects the Company's confidence in its strategy, business plan and prospects'.
8:00 PM EST | March 12, 2025
Avangrid Plans to Invest $20 Billion in US Grid until 2030
The investment 'comes at a time when U.S. energy demand is surging due to manufacturing and data center growth', Avangrid said.
8:00 PM EST | March 12, 2025
Venture Global Plans $18B Expansion of Plaquemines LNG
'Our planned expansion of Plaquemines will make it the largest LNG export facility built in North America, supplying LNG to our allies while making a substantial impact on the U.S. balance of trade'.
7:00 PM EST | March 08, 2025
Leading Energy Companies Holding Back Renewables Commitments, BMI Says
'Leading energy companies are shifting focus', BMI analysts said.
7:00 PM EST | February 25, 2025
BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
BP announced a major pivot back to its core oil and gas business.
7:00 PM EST | February 25, 2025
NOG Posts Lower Earnings, Revenue in Fourth Quarter
Revenue for the quarter was recorded at $515 million.
7:00 PM EST | February 22, 2025
ADNOC Gas Delivers Record $2.84 Billion Placement
ADNOC achieved what it said is the biggest placement on the Abu Dhabi exchange, raising about $2.84 billion from issuing 3.1 billion shares in its integrated gas processing arm to institutional investors.
7:00 PM EST | February 20, 2025
USA Compression Doubles Q4 Profit Year on Year
USA Compression Partners LP reported a net income of $25.4 million in the fourth quarter of 2024.
7:00 PM EST | February 12, 2025
BP Pledges Strategy 'Reset' as Activist Elliott Builds Stake
BP pledged major changes at its upcoming strategy update after reporting a sharp drop in profit.
7:00 PM EST | February 10, 2025
Petrobras, Regia Capital Launch Bioeconomy Fund
The fund is designed to back socio-environmental initiatives in Brazil, aiming to turn them into sustainable enterprises that create positive effects while safeguarding Petrobras' invested capital.
7:00 PM EST | February 09, 2025
Valero Offers $650 Million Senior Notes to Refinance Debt
Valero entered into an underwriting agreement for five-year senior notes with a principal amount of $650 million to repay maturities.
7:00 PM EST | February 09, 2025
Renegade Gets Equity Commitment from Energy Spectrum
Renegade Infrastructure secured inaugural equity capital backing from its management and Energy Spectrum.
7:00 PM EST | February 06, 2025
Intensity Gets EIV Capital Backing
The investment will allow Intensity to acquire, construct, and operate midstream assets in the United States.
7:00 PM EST | February 05, 2025
ONEOK-MPLX JV to Build Texas LPG Export Terminal
The LPG terminal, to be constructed in Texas City, Texas, will have a capacity of 400,000 barrels per day (bpd) and will connect to ONEOK's Mont Belvieu storage facility via a new 24-inch pipeline.
7:00 PM EST | February 05, 2025
Orsted, PGE Make FID on 1.5-GW Wind Farm Near Poland
Baltica 2, which will be located approximately 25 miles (40 kilometers) off the Polish coast near Ustka, is expected to be fully commissioned in 2027.
7:00 PM EST | February 04, 2025
Exxon Boosts Upstream Earnings YoY
Exxon's worldwide upstream earnings in 2024 were $25.390 billion, according to the company's latest results statement.
7:00 PM EST | February 02, 2025
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.
7:00 PM EST | January 30, 2025
Chevron Lifts Dividend After Profit Disappoints on Oil Slump
Chevron Corp. raised dividends by five percent even as profit underperformed expectations.
7:00 PM EST | January 30, 2025
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.
7:00 PM EST | January 25, 2025
Energean Boosts 2024 Production
The company's development and production capital expenditure is projected to be between $400 million and $430 million.
7:00 PM EST | January 25, 2025
CNOOC Aims to Exceed 2 MMboed in Production This Year
CNOOC set a target of raising its net production to over two million barrels of oil equivalent a day in 2025 while keeping capital expenditure at last year's level.
7:00 PM EST | January 22, 2025
PetroTal Aims to Increase Production in Peru
The capital investments will support 2025 annual average production in the range of 21,000 to 23,000 barrels of oil per day (bopd).
7:00 PM EST | January 18, 2025
UAE's Masdar to Develop 1 GW of Clean Energy in Philippines
The agreement follows a memorandum of understanding on Energy Transition Cooperation signed in November 2024 between the two countries.
7:00 PM EST | January 18, 2025
Canadian Natural Allots $63.5MM for Carbon Capture
Canadian Natural said it is aiming to drill 361 net wells across its crude oil and liquids-rich natural gas assets.
7:00 PM EST | January 11, 2025
Shell Flags Lower Gas Earnings as 2024 Ended on a Weak Note
Shell Plc said its natural gas divisions saw lower sales volumes and trading earnings.
7:00 PM EST | January 07, 2025
Exxon Predicts $700MM Hit to Profit From Lower Oil Prices
Exxon Mobil Corp. said earnings took a hit.
7:00 PM EST | January 07, 2025
Equinor Secures $3 Billion Financing for US Offshore Wind Project
Equinor announced a final investment decision on Empire Wind 1 and financial close for $3 billion in debt financing for the under-construction project offshore Long Island.
7:00 PM EST | January 05, 2025
Tullow Gains on $320MM Ghana Tax Arbitration Case Win
Tullow Oil Plc gained after an international body found it wasn't liable for a $320 million tax assessment in Ghana.
7:00 PM EST | January 02, 2025