ReconAfrica, ANPG Ink Angola Cooperation Deal
Reconnaissance Energy Africa Ltd. has signed a memorandum of understanding (MoU) with Agência Nacional de Petróleo, Gás e Biocombustíveis, or National Oil, Gas and Biofuels Agency (ANPG), for a joint…
OPEC Moves Up Meeting To Discuss Oil Production Quotas
The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May 5, according to Kpler’s Amena Bakr on X. The call is…
Imperial Oil Q1 Earnings Rise on Higher Refining Margins
Canadian producer Imperial Oil booked a higher net income for the first quarter than a year earlier as industry refining margins improved. Imperial Oil, majority owned by U.S. supermajor ExxonMobil,…
Europe’s Natural Gas Prices Rise as China Hints at U.S. Trade Talks
European benchmark natural gas prices rose on Friday amid signals from China that it considers engaging in trade talks with the United States. A de-escalation of the tensions drove markets…
Permian Basin Growth Fuels ExxonMobil’s Quarterly Success
First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. Despite…
Improved Refining Margins Help Chevron Meet Q1 Profit Estimates
Chevron (NYSE: CVX) reported on Friday adjusted earnings for the first quarter in line with analyst estimates as the U.S. supermajor’s downstream business recovered from a loss for the prior…
Indian Refiner BPCL Looks to Source Cheaper U.S. LPG in Swap Deal
Indian state-held refiner and fuel retailer Bharat Petroleum Corporation Ltd (BPCL) is in discussions with suppliers to swap a Middle East cargo with liquefied petroleum gas (LPG) with cheaper supply…
Shell Continues Share Buybacks After Strong Q1 Earnings
Shell (NYSE: SHEL) is launching another $3.5-billion buyback, keeping the pace of its share repurchases, after posting consensus-beating earnings for the first quarter. Shell reported on Friday adjusted earnings of…
Trump Administration Challenges State Climate Laws in Court
The U.S. Justice Department is suing the states of New York, Vermont, Michigan, and Hawaii over state climate actions it described as unconstitutional. The DOJ on Thursday filed complaints against…
Linde bullish on sale-of-gas $7bn backlog despite Dow delay
Industrial gas major Linde says its project backlog remains strong at $7bn in sale-of-gas projects and is expected to grow by year-end, despite a delay to its $2bn clean hydrogen…
