Gazprom Neft Earnings Halved In H1 On Taxes, Weak Ruble
Russia’s Gazprom Neft reported a steep first-half earnings decline as taxes and weaker ruble realizations squeezed margins across upstream and refining. The producer’s net profit fell 54% year-on-year to 150.5…
China Oil Majors Plot New Fuels, Fine Chemicals Expansion
China’s state oil majors are racing to keep up with the nation’s breakneck energy transition, shifting operations from loss-making gasoline and diesel to alternative fuels and high-end chemicals. Over the…
Greenland’s Energy Stakes Trigger Denmark-U.S. Diplomatic Clash
Denmark has summoned the U.S. envoy after intelligence reports of suspected influence operations in Greenland, a mineral-rich Arctic territory central to offshore oil prospects and critical minerals, Reuters reported on…
Lower Oil Prices Dent CNOOC Earnings Despite Record Output
CNOOC Ltd, China’s top offshore crude oil and natural gas producer, booked a 13% drop in first-half earnings as record-high domestic and overseas oil and gas production couldn’t offset the…
Chinese Mining Giant Warns of Unprecedented Metal Market Risks
China’s Zijin Mining Group Co. Ltd sees unprecedented global uncertainties on the critical and precious metals markets amid rising protectionism and trade barriers, the biggest Chinese and the world’s largest…
Oil Flows Set to Resume on Key Pipeline for Kazakhstan
Kazakhstan is in discussions to resume crude oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline to the Turkish Mediterranean coast after supply was interrupted last month due to organic chlorides found…
UK Energy Bills to Climb as Price Cap Rises
Millions of British households face higher energy bills this autumn as the energy market regulator raised the Energy Price Cap—the maximum amount energy suppliers can charge residential customers—by more than…
Mitsubishi Abandons Three Offshore Wind Projects in Japan
Mitsubishi Corporation is dropping plans to develop three offshore wind projects in Japan amid unexpected changes and rising challenges in the market, the Japanese conglomerate said on Wednesday. In February…
Georgina Energy receives offtake proposal and confirms helium-3 potential in northern Australia
Australia-based Georgina Energy has received offtake interest and confirmed high-value helium-3 potential in the Amadeus Basin in Northern Territory. The proposed agreement would include sale of helium, hydrogen and natural…
Baker Hughes wins equipment supply contract for BP Tangguh LNG
Energy technology company Baker Hughes has secured a long-term equipment supply agreement from BP for its Tangguh LNG plant in Indonesia. The 90-month agreement covers spare parts, repair services, and…
