Oil Giant Sinopec Opens New Shale Play in China
China has certified 147 million barrels of oil reserves in a new shale play operated by state energy giant Sinopec in the southwestern part of the country, as the world’s…
Exxon, Chevron report record oil production for second quarter
(Bloomberg) – Exxon Mobil Corp. and Chevron Corp. posted better-than-expected results after record oil production cushioned the impact of lower crude prices. Exxon pumped more oil than it has…
AI Boom Will Drive U.S. Energy Expansion, Says Interior Secretary Burgum
Low oil prices may be squeezing U.S. shale producers, but Interior Secretary Doug Burgum isn’t worried. In a new interview with The National’s Hadley Gamble, Burgum predicted that skyrocketing demand…
New Zealand Lifts Offshore Oil and Gas Exploration Ban
New Zealand reopens for oil and gas exploration after the country’s Parliament on Thursday voted to repeal a 2018 ban on offshore resource drilling. Back in 2018, the center-left government…
Asian Refiners Pivot to U.S. Crude as Middle East Prices Surge
Rising prices of Middle Eastern crudes have opened the arbitrage window for West Texas Intermediate (WTI) to flow to Asia, which is set to buy higher volumes of the U.S.…
Non-Oil Growth Drives Saudi Economic Expansion in Q2
Saudi Arabia’s economy expanded by nearly 4% in the second quarter from a year earlier, thanks to rising non-oil economic growth and the return of growth in the oil sector…
Shell Defies Expectations With Strong Q2 Earnings
Shell (NYSE: SHEL) posted better-than-expected earnings for the second quarter, as reduced expenses and higher marketing margins partly offset lower oil and gas prices and weaker trading results. Shell on…
Air Products faces earnings headwinds as helium downturn persists
Industrial gas major Air Products has warned that weakness in the helium market will continue to weigh on earnings, with the gas’s exposure to LNG supply and shifting demand dynamics…
Air Products faces earnings headwinds as helium downturn persists
Industrial gas major Air Products has warned that weakness in the helium market will continue to weigh on earnings, with the gas’s exposure to LNG supply and shifting demand dynamics…
Adriatic LNG closes for maintenance in August
The Adriatic LNG Terminal will stop production and injection of gas into the Italy national grid from Friday (1 August) and gradually reopen towards the end of the month. The…
