U.S. natural gas producers and shippers could be one of the big winners of the latest advances in Artificial Intelligence.
The surge in data centers amid the booming AI technology development is set to lead to higher U.S. natural demand and prices by the end of the decade, according to investment bank Tudor, Pickering, Holt & Co.
Azerbaijan has announced its first solar auction and will seek private support for the design, financing, operation and maintenance of a 100MW project in the eastern municipality of Gobustan.
Poland’s Ministry of Climate and Environment has taken into account the MinFin’s comments to the draft on the partial unfreezing of energy prices from July this year, which indicate that the cost of the law will be PLN 8.1 billion (EUR 1.88 bln), rather than PLN 6.3 billion (EUR 1.46 bln), according to the climate ministry’s response to the inter-resort consultation.
The Ministry of Energy has asked the Ministry of Interior and the Federal Board of Revenue to crack down on the rampant smuggling of Iranian petroleum products, which has already forced one refinery to shut down a unit and also threatens refinery upgrade agreements worth billions of dollars.
Diversified energy company Genser Energy commissioned a 110km natural gas pipeline to propel Ghana’s power sector and foster economic growth.
Nigeria’s state-owned oil company has warned against the panic buying of petrol, saying the prices of fuel are not changing.
The Competition Tribunal has approved the proposed acquisition of petrol station brand Engen by independent energy marketing and trading company Vitol Emerald, subject to a set of competition and public interest conditions.
In response to an audit conducted by KPMG regarding the transactions between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML), President Nana Addo Dankwa Akufo-Addo has directed that the upstream petroleum audit and minerals audit services by the latter may be terminated.
Revenue of $8.71 billion increased 13% year on year
GAAP EPS of $0.74 increased 14% year on year
EPS, excluding charges and credits, of $0.75 increased 19% year on year
Net income attributable to SLB of $1.07 billion increased 14% year on year
Adjusted EBITDA of $2.06 billion increased 15% year on year
Cash flow from operations was $327 million
Board approved quarterly cash dividend of $0.275 per share
Crude oil prices began the week with a loss as fears of an escalation between Iran and Israel dissipated.