OPEC+ Plans Faster Rollback of Output Cuts

OPEC+ could bring back 2.2 million barrels daily in supply by November this year in an apparent acceleration of the rollback of its production cuts, per a Reuters report citing…

  • Gas
  • May 5, 2025
Air Products seeks to improve profit margin in core business by a quarter

Industrial gas major Air Products has set a target to improve the operating margin of its core merchant gas business over time from about 24% today to a best-in-class 30%…

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,…

Oil Posts Biggest Weekly Loss in a Month Ahead of OPEC+ Meeting

By Oil down 8% this week in steepest weekly decline since March OPEC+ moves up meeting to discuss June output plan to May 3 Group to decide whether to accelerate…

I Squared Eyes Majority Stake in Natgas Pipeline Matterhorn, Sources Say

The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared is buying its position from WhiteWater Midstream, they…

Iberdrola Reports Record €17.3 Billion Investment Over 12 Months, Driven by U.S. and U.K. Growth

Representational image. Credit: Canva Iberdrola has announced a record €17.3 billion in investments over the past 12 months, with a strong focus on energy networks and renewable energy projects, particularly in the United…

Masdar Powers TERNA ENERGY’s Growth as Greece’s Leading Renewable Energy Firm Delists from the Athens Stock Exchange

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, announced that its subsidiary TERNA ENERGY has officially delisted from the Athens Stock Exchange, finalizing the process…

India, Denmark Renew Energy Cooperation Pact to Boost Clean Transition and Net-Zero Goals

Representational image. Credit: Canva India and Denmark have renewed their strategic partnership in the energy sector by signing an updated Memorandum of Understanding (MoU) aimed at advancing clean energy collaboration…