Aramco’s Q3 Profit Climbs to $28 Billion as Oil Output Rise
Saudi Aramco booked a net profit of $28 billion for the third quarter of the year, thanks to its oil production boost as OPEC+ unwound its voluntary output cuts. The…
SM Energy, Civitas Resources Announce $12.8 Billion Merger
SM Energy and Civitas Resources announced an all-stock merger valued at about $2.8 billion in equity, or $12.8 billion including debt, creating one of the largest independent U.S. shale producers…
Aramco Q3 Profit Tops Estimates
Saudi Aramco posted a surprise increase in third-quarter profit as a production boost helped mitigate the impact of lower crude prices and helped the oil giant break a yearslong streak…
Kyiv Links Ukrainian Attacks on Russia To Surge in Western Oil Earnings
Ukraine’s defence agencies are claiming that their campaign of strikes on Russian oil infrastructure, combined with Western sanctions, are indirectly benefiting major Western oil companies. According to The Kyiv Independent,…
Huge UAE Oilfield Could Hike Capacity to 1.5 Million Bpd Earlier than Planned
The giant Upper Zakum oilfield in the UAE could achieve its 2030 target to boost production capacity to 1.5 million barrels per day (bpd) from 1 million bpd earlier than…
Servomex grows specialty gases leadership team
Gas analysis business Servomex has appointed Giovanni De Dona as its Senior Global Product Manager, joining the purity and specialty gases team at the company’s US technical centre in Woburn,…
DuPont spins off electronics business as Qnity
US chemicals company DuPont has completed the separation of its electronics business into an independent public company, Qnity Electronics. DuPont unveiled the Qnity brand in May, having created the company…
Mali Lithium Mine Defies Rebel Fuel Blockade
Kodal Minerals said Monday its Bougouni lithium mine in southern Mali remains operational even as Islamist insurgents intensify a nationwide fuel blockade that has paralyzed transport, closed schools, and choked…
UAE Dismisses Fears of Oil Glut
The United Arab Emirates doesn’t expect oversupply on the oil market as demand remains solid, the energy minister of one of OPEC’s top producers said on Monday. On Sunday, the…
UAE Minister Calls for $4 Trillion Annual Energy Investment to Power AI
The advance in AI and the surge in data center build-out have pushed global energy investment needs to $4 trillion annually, Sultan Al Jaber, UAE Minister of Industry and Advanced…
