Shell Q3 Profits Of $6 Billion Beat Forecast As Gas Offsets Weak Refining
Wedoany.com Report-Oct 31 , Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher gas sales. She...
Natural Gas and Oil Forecast: Will OPEC+ Hold Production to Meet Rising Demand?
Wedoany.com Report-Oct 30 , Natural gas and oil prices climbed on Thursday, buoyed by strong U.S. fuel demand and the prospect of supply adjustments from OPEC+. Unexpected drops in U.S. gasoline and c...
Dubai’s DIFC Suspends Firms Said to Be Key to Iran Oil Kingpin
Wedoany.com Report-Oct 30 ,The Dubai International Financial Centre has suspended multiple companies that people familiar with the matter say are part of a network overseen by Iranian oil trader Hosse...
Guyana Oil Production Drops 11% Due to Maintenance, Hess Says
Wedoany.com Report-Oct 30 , Guyana’s oil output dropped 11% in the third quarter as Exxon Mobil Corp. temporarily shut down two of its three production vessels to connect a new gas-to-shore pipe...
Pemex’s Crown Jewel Is Making Zero Fuel as Refinery Flounders
Wedoany.com Report-Oct 30 ,Production at Petroleos Mexicanos’s new and largest refinery came to a sudden halt in September, threatening the country’s pledge to cut imports of gasoline and ...
Marathon Oil Cuts 500 Houston Jobs Ahead of ConocoPhillips Takeover
Wedoany.com Report-Oct 30 ,Marathon Oil Corp. warned of a mass layoff involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, according to ...
Nigeria Sees Objections to Shell Oil Asset Sale Resolved Soon
Wedoany.com Report-Oct 30 , Nigeria’s upstream oil regulator found some issues with Shell’s proposed sale of its onshore assets to a consortium of local companies but they should be resolv...
Lukoil’s Trading Arm Looks to Revive U.S. Business
Wedoany.com Report-Oct 30 ,Following the Memorandum of Understanding signed in May 2024, StarCharge, a global pioneer in EV charging and energy storage technology, and Schneider Electric, a global lea...
Malaysia’s Petronas Gears Up For Expansion In Indonesia
Wedoany.com Report-Oct 30 , Malaysia’s state-owned oil and gas company Petronas has announced an aggressive expansion plan in Indonesia, Reuters has reported. The company aims to establish a hub...
Ahead Of Q3 Earnings, Is The Shell Share Price A Bargain?
Wedoany.com Report-Oct 30 , Over the last 12 months, the Shell (LSE:SHEL) share price has fallen around 7%. And the company is about to report its earnings for the third quarter of 2024. It looks like...