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...
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...
BP Profit Slumps to Near Four-Year Low as Oil Demand Sags
Wedoany.com Report-Oct 30 , BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results....
US Sets New Safety Measures As Deep Sea Oil Drillers Test New Depths
Wedoany.com Report-Oct 30 ,The Bureau of Safety and Environmental Enforcement (BSEE) rolled out new rules for U.S.offshore drillers on Tuesday, as breakthrough technology enables them to operate under...
Namibia’s Oil Company Aims to Increase Future Stakes in Projects
Wedoany.com Report-Oct 30 ,The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity followin...
Oil Steadies After Two-Day Decline on Fading Middle East Risk
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s producti...
BP Beats Estimates Despite Lower Oil Prices
Wedoany.com Report-Oct 29 ,FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter. On Tuesday, it posted an underlying replacement cost profit, used as a proxy for net ...