In the quarterly financial update, the pipeline company reported an 11% annual jump in earnings per share for the last quarter of 2024, at $0.30, slightly below analyst expectations. Revenue for the quarter dipped on an annual basis, however, because of low crude oil and condensate volumes on its pipeline network. These volumes were down by 5% on the year in Q4 2024.
President Donald Trump’s sweeping measures aimed at maximising U.S. oil and gas production mark a U-turn in energy policy from President Joe Biden’s term, and make it clear that Trump expects domestic fossil fuel production to rapidly rise.
Indonesia will exempt oil and gas exporters from its new rule that all proceeds from natural resource exports be kept onshore for a year, as companies urge adjustments to the rule out of concern over its impact on their cashflows.
Venture Global LNG is preparing to cut the proposed price range for its blockbuster initial public offering and increase the number of shares it may sell to investors, a source with direct knowledge of the matter said on Tuesday.
Eni SpA has signed an agreement to acquire a 49 percent stake in a portfolio of EDP Renewables projects comprising two operational photovoltaic facilities and an under-construction battery energy storage system (BESS) project in California.
The U.S. Energy Information Administration (EIA) revealed its latest U.S. crude oil production forecasts in its January short term energy outlook (STEO), which was published on January 14 and completed its forecast on January 9.
The low pressure weather system is bringing bitter cold from Texas to North Carolina, causing disruptions to passenger rail travel and airline flights throughout the region as snow sweeps across the US South.
Oil and industrial metals declined after President Donald Trump reignited trade-war fears with his tariff threats against Mexico and Canada, while gold rose as investors sought haven assets.
Europe should “meet the Trump administration with an outstretched hand, but not have our hand cut off,” he said Tuesday at the Handelsblatt energy summit in Berlin, responding to the climate and energy directives Trump launched hours after taking office. The European Union should define its own interests, said Habeck, who is the Green Party’s lead candidate for Germany’s upcoming Feb. 23 elections.
“As part of its optimization efforts, OGDCL deployed a rig to replace the tubing and re-complete the well using an artificial lift system (Jet Pump)”, OGDCL said in a regulatory filing. Furthermore, OGDCL said it has introduced Multiphysio Chemical Stimulation technology, marking its first use in the Southern Region.