ConocoPhillips Boosts Dividend After Strong Third Quarter Earnings Beat
ConocoPhillips (NYSE: COP) on Thursday raised its quarterly dividend by 8% as it reported better-than-expected earnings for the third quarter. ConocoPhillips, the biggest U.S. independent oil and gas producer, reported…
Pirates Board Oil Tanker in Indian Ocean
Suspected pirates boarded an oil tanker in the Indian Ocean off Somalia’s coast on Thursday as maritime security agencies flag renewed Somali pirate activity in the region. The Hellas Aphrodite…
PetroChina to Retire 19 Inefficient Refining and Chemical Units
PetroChina plans to phase out production at 19 old and inefficient units across its refining and petrochemicals facilities as China looks to trim overcapacity that has weighed on the downstream…
ExxonMobil Expands Exploration Footprint Offshore Greece
ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the northwestern Ionian Sea. ExxonMobil, Energean, and Helleniq Energy have reached a farm-in…
HSBC Slashes Oil and Gas Financing
Financing and deals with oil and gas companies will have a materially lower share in the energy portfolio of HSBC as new energy opportunities arise, the banking giant’s chief sustainability…
Air Products sees helium price pressure holding steady next year
Air Products has speculated that the worst of the helium downturn for producers may be nearing an end. It is forecasting what it sees as a manageable 4% earnings hit…
OSC appoints Vice-President of Sales and Marketing
Packaged gases and welding supply company Oxygen Service Company (OSC) has appointed Jim Klose as Vice-President of Sales and Marketing to strengthen vendor relations and enhance customer satisfaction. Klose has…
ADNOC Awards $15B Contracts to Emirati Suppliers
Abu Dhabi National Oil Co PJSC (ADNOC) said Wednesday it has awarded AED 54 billion ($14.7 billion) worth of contracts to suppliers operating in the United Arab Emirates in the…
Indian Refiner Reliance Offers Rare Sale of Middle East Crude
India’s Reliance Industries, the top private refiner in the country, is looking to sell some UAE and Iraqi crude in a rare spot market offer, trade sources told Bloomberg on…
Australia Hits Milestone as Renewables Overtake Fossil Fuels
Australia generated more electricity from sources including wind and solar than it did from coal and natural gas power plants last month, Ember has reported, as cited by Reuters. This…
