LNG fuels TotalEnergies in Q4 but annual income drops 21%
TotalEnergies’ LNG performance spurred 8% growth in Q4 but annual net income fell 21% to $18.3bn due to a sharp decline in refining margins. Integrated LNG net income and cashflow…
LNG fuels TotalEnergies in Q4 but annual income drops 21%
TotalEnergies’ LNG performance spurred 8% growth in Q4 but annual net income fell 21% to $18.3bn due to a sharp decline in refining margins. Integrated LNG net income and cashflow…
Marathon Petroleum Tops Q4 Earnings Estimates Despite Falling Refining Margins
ByCharles Kennedy– Feb 04, 2025, 10:30 AM CST Despite declining refining margins, Marathon Petroleum Corp. (NYSE: MPC) on Tuesday reported higher-than-expected earnings for the fourth quarter of 2024, driven by…
Western Europe’s Biggest Oilfield Shut Down Due to Power Outage
ByTsvetana Paraskova– Feb 04, 2025, 7:30 AM CST Following a power outage, Equinor on Tuesday suspended all production at the huge 755,000-bpd Johan Sverdrup oilfield in the North Sea, Western…
Shell Resumes Production From UK North Sea Oilfield After Redevelopment
ByTsvetana Paraskova– Feb 04, 2025, 9:30 AM CST Shell has restored oil and gas production from the Penguins field in the UK North Sea with a new floating, production, storage…
UK Considers Withdrawing $1-Billion Financing for Mozambique LNG
UK Considers Withdrawing $1-Billion Financing for Mozambique LNG | OilPrice.com `; document.write(write_html); } Breaking News: ByTsvetana Paraskova– Feb 04, 2025, 6:30 AM CST The UK government is seeking legal advice…
Japanese Mitsui Considers Supporting a $44-Billion Alaska LNG Project
Japanese Mitsui Considers Supporting a $44-Billion Alaska LNG Project | OilPrice.com `; document.write(write_html); } Breaking News: ByTsvetana Paraskova– Feb 04, 2025, 5:30 AM CST Japanese trading giant Mitsui, which has…
All change at Air Products: The rise of Menezes
The appointment by Air Products of former Linde executive Eduardo Menezes as CEO marks a notable change of direction for the industrial gas major. Here’s more on Menezes and on…
Ghasemi leaves strong if complex financial legacy
Air Products’ EBITDA margin graph over the last decade is in many ways a metaphor for Seifi Ghasemi’s up-and-down career. If we leave to one side, and look at the…
CEO switch: How will Air Products shift its strategy?
The appointment of former Linde executive Eduardo Menezes as Air Products’ new CEO marks a significant turning point for the industrial gas giant – and it is one that could…
