Energy
LATEST NEWS FROM ENERGY
Energy
ConocoPhillips CEO Lance to retire, finance chief to take helm
Oil and gas producer ConocoPhillips said on Thursday Chief Executive Ryan Lance will retire after leading the oil producer for 14 years, with Chief Financial Officer Andy O'Brien...
Energy
Targa beats second-quarter profit estimates on record Permian volumes
U.S. pipeline operator Targa Resources beat Wall Street estimates for second-quarter core profit on Thursday, as record Permian natural gas volumes and higher demand for its tran...
Energy
India approves $2.5 billion to boost biogas output, distribution
India's cabinet has approved a 237.31 billion rupees ($2.50 billion) programme to scale up production and distribution of compressed biogas, Information Minister Ashwini...
Energy
EU's electricity grid operators prepare for solar eclipse effect
The European Union's power grid operators are preparing to handle the effects the total solar eclipse expected in Spain will have on electricity consumption, European Commis...
Energy
Romania races to divert Danube water to nuclear reactor as shutdown looms
Romania was racing against time to sink four rock-filled barges into the Danube in an attempt to divert water from the drought-hit river to its only working nuclear reactor and bu...
Energy
Cheniere Energy reports rise in second-quarter profit on increased LNG demand
Cheniere Energy reported a rise in second-quarter profit on Thursday, helped by increased demand for liquefied natural gas (LNG), sending its shares up 2% in premarket trading.
Energy
Oil refinery in Russia's Yaroslavl is on fire after Ukrainian drone attack, governor says
A major oil refinery in Russia's Yaroslavl region is on fire after a big Ukrainian drone attack and emergency services are working to put out the blaze, Mikhail Evrayev, the regi...
Energy
ADNOC hires Morgan Stanley's O'Dwyer as CIO, sources say
Abu Dhabi state energy firm ADNOC has hired Morgan Stanley's global co-head of energy Michael O'Dwyer as chief investment officer as it pursues expansion at home and abroad, thr...
Energy
Canadian Natural raises production outlook, beats quarterly profit estimates on higher crude prices
Canadian Natural Resources on Thursday raised its full-year production forecast for the second time this year and beat analysts' estimates for second-quarter profit, as record pro...
Energy
Nigeria targets up to $50 billion of offshore oil and gas investment by 2030, regulator says
Nigeria's upstream oil regulator expects at least 22 offshore projects to start production by 2030, with potential investment of up to $50 billion, as Africa's top oil producer p...
Energy
Britain's Harbour Energy lifts annual cash outlook on higher output, oil prices
Oil and gas producer Harbour Energy raised its annual free cash flow and production forecasts for the second time this year on Thursday after record first-half output and higher ...
Energy
Sonangol's Katambi-2 appraisal well offshore Angola shows good quality reservoirs
Angola's state-owned oil company Sonangol and concessionaire ANPG said on Thursday that the Katambi-2 offshore appraisal well crossed two productive intervals and confirmed good ...
Energy
Record low gas stocks expose Europe to risk of price spikes
Europe's natural gas stocks have fallen to a record low after the U.S.-Israeli war on Iran squeezed global supply, reviving memories of the 2022 energy crisis that drove inflation...
Energy
Maurel & Prom reports 78% jump in half-year net income driven by crude prices
French oil producer Maurel & Prom reported a 78% jump in its consolidated half-year net income to $191 million on Thursday, as higher crude prices boosted profitability, and...
Energy
Sinopec steps up Russian oil imports to offset Mideast supply cuts, traders and tracker say
China's state-owned Sinopec Corp, the world's biggest refiner, has ramped up purchases of Far East Russian oil to compensate for Middle East supplies diminished by the Iran war, a...
Energy
Australia's Beach Energy swings to annual profit, flags softer production outlook
Beach Energy posted an annual profit on Thursday, a sharp turnaround from a year-earlier loss, although shares closed lower as investors weighed the Australian oil and gas produc...
Energy
Oil prices slip as Iran cites progress with Oman on Hormuz agreement
Oil prices trended lower on Thursday on the progress in Iran-Oman talks, with investors cautiously waiting for signs of a U.S.-Iran peace deal and progress on reopening the Strai...
Energy
Blackout hits most of ex-Soviet Georgia, news reports say
A power cut plunged most of the former Soviet state of Georgia into darkness on Wednesday, an outage that may have been triggered by testing at a major hydroelectric plant, acc...
Energy