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A service for energy industry professionals · Friday, May 2, 2025 · 808,929,908 Articles · 3+ Million Readers
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  • Published on 10:24 GMT

    Hawaii sues big oil companies over climate change

    Hawaii sued major oil companies in state court Thursday, accusing them of a “successful campaign of climate deception” that has led to devastating impacts in the islands. The 196-page civil complaint filed in Oahu Circuit Court accuses Exxon Mobil, Chevron …

    Source: Honolulu Star-Advertiser - Hawaii - Neutral
  • Published on 12:45 GMT

    Canada's Imperial Oil posts rise in quarterly profit on stronger refining margins

    (Reuters) -Canadian oil producer Imperial Oil posted a rise in first-quarter profit on Friday, driven primarily by stronger margins in its refining and fuel sales business, sending its U.S.-listed shares up nearly 6% before the bell. Canadian producers …

    Source: Yahoo Finance - Pending
  • Published on 14:14 GMT

    Guyana receives US EXIM Bank’s “Deal of the Year” award for gas project

    WASHINGTON, May 2, CMC – Guyana has received the Export-Import Bank of the United States (US EXIM) “Deal of the Year” award for its gas-to-energy (GtE) project. The presentation was made on Thursday during the bank’s 2025 annual conference. In a statement, …

    Source: Loop News - Pending
  • Published on 13:51 GMT

    Equinor sells US$3.5Bn stake in Brazilian offshore oil field

    Brazilian oil and gas company PRIO’s subsidiary Prio Tigris has bought Norwegian oil major Equinor’s 60% management stake in the Peregrino oil field offshore Brazil. PRIO, Brazil’s largest independent oil and gas company, has agreed to pay US$3.35Bn and a …

    Source: Riviera - Neutral
  • Published on 15:25 GMT

    Equinor Offloads Major Stake in Brazilian Oil Field In $3.35 Billion Exit

    Equinor ASA EQNR subsidiary, Equinor Brasil Energia, on Thursday, planned to sell its 60% operated interest in the Peregrino field in Brazil to Prio Tigris for $3.35 billion. The payment will be made in two tranches: $2.23 billion (plus a contingent of $ …

    Source: Benzinga - Neutral
  • Published on 08:17 GMT

    Brunei downstream oil sector expected to accelerate: think tank

    BANDAR SERI BEGAWAN, May 2 (Xinhua) -- The oil and gas industry will continue to dominate Brunei's economy, with substantial contributions anticipated from the downstream oil sector, Brunei's top think tank said on Thursday. In its Economic Outlook …

    Source: Xinhua News Agency - Gov't Propaganda
  • Published on 08:26 GMT

    Oil Well Sites Can Be Rewilded With Moss

    Register for free to listen to this article Thank you. Listen to this article using the player above. ✖ Want to listen to this article for FREE? Complete the form below to unlock access to ALL audio articles. In what could represent a milestone in …

    Source: Technology Networks - Neutral
  • Published on 12:26 GMT

    Imperial Oil: Q1 Earnings Snapshot

    CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Imperial Oil Ltd. (IMO) on Friday reported first-quarter net income of $897.2… CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Imperial Oil Ltd. (IMO) on Friday reported first-quarter net income of $897.2 …

    Source: WTOP - District Columbia - Neutral
  • Published on 14:40 GMT

    Egypt grants Lukoil two new oil deals

    Egypt’s parliament has approved two new oil exploration and production agreements, authorizing the Ministry of Petroleum and Mineral Resources to move forward with contracts involving Russian energy firm Lukoil.The first agreement grants the South Valley …

    Source: African Mining Market - Pending
  • Published on 00:43 GMT

    Lo: ConocoPhillips exit provides chance for Sarawak to reclaim greater control over oil and gas future

    File photo for illustration purposes KUCHING (May 2): Batu Kitang assemblyman Lo Khere Chiang opines that ConocoPhilips’ withdrawal from the Salam-Patawali deepwater project serves as a long-overdue opportunity for Sarawak to take greater control of its …

    Source: Borneo Post - Neutral
  • Published on 07:51 GMT

    Shell net profit sinks 35% in first-quarter as oil prices fall

    LONDON - British energy giant Shell on Friday announced that net profit dropped 35 percent in the first quarter, as it was hit with weaker oil prices. Profit attributable to shareholders fell to $4.8 billion from $7.4 billion in the first quarter of 2024, …

    Source: Eye Witness News - Neutral
  • Published on 07:47 GMT

    Coast Guard working oil spill near Garden Island Bay

    NEW ORLEANS - The United Stated Coast Guard is working an "uncontrolled oil and natural gas discharge" near Garden Island Bay. According to the Coast Guard, the Unified Command has more than 180 responders supporting response efforts. Responders …

    Source: WBRZ ABC 2 - Louisiana - Neutral
  • Published on 07:30 GMT

    Trump Warns Purchasers of Iranian Oil They Will Be Sanctioned

    President Donald Trump on May 1 threatened sanctions on countries and people who purchase Iranian oil and petroleum. “ALERT: All purchases of Iranian Oil, or Petrochemical products, must stop, NOW! Any Country or person who buys ANY AMOUNT of OIL or …

    Source: NTD - Right-wing
  • Published on 18:00 GMT

    OPEC+ to meet on Saturday to set June output policy, sources say

    Eight OPEC+ countries will meet on Saturday to decide whether to agree a further accelerated oil output hike for June or make a smaller increase as originally planned, two sources with knowledge of the matter told Reuters on Friday. The meeting was …

    Source: Hellenic Shipping News - Neutral
  • Published on 18:01 GMT

    Middle East oil refining capacity on track to add 618,000 b/d by 2029

    Middle East oil refineries are set to add 618,000 b/d of production capacity by 2029, turning the region into a net exporter equal to about 6 million b/d by 2030 and approaching 7 million b/d by 2040, according to an analysis by FGE NexantECA …

    Source: Hellenic Shipping News - Neutral
  • Published on 17:50 GMT

    Pakistan mulls buying US crude as bargaining tool to negotiate Trump tariffs

    Pakistan is actively looking to import US crude oil, in a bid to soften the tariff stance after the 90-day cooling period and maintain healthy bilateral trade with Washington, said refinery sources, industry analysts and government officials over April 24- …

    Source: Hellenic Shipping News - Neutral
  • Published on 13:09 GMT

    Shell Shows Its Strength by Sticking to Plans Amid Oil Downturn

    Shell Plc stood out from its peers by sticking to plans for investor returns and capital spending even as oil prices entered what could be a prolonged downturn.  In its first-quarter earnings report on Friday, the company said it had the financial strength …

    Source: Rigzone - Neutral
  • Published on 13:03 GMT

    Oil Futures Soften as OPEC+ Readies Planned Output Hike

    NYMEX-traded WTI for June delivery was down $0.59 bbl to trade near $58.65 bbl, and ICE Brent for July delivery fell $0.55 bbl to $61.58 bbl. June RBOB gasoline futures declined $0.0214 to $2.0278 gallon, while the front-month ULSD futures contract slid $0 …

    Source: Progressive Farmer - Neutral
  • Published on 09:35 GMT

    US President Donald Trump Threatens Full Trade Ban On Any Country Or Entity Buying Iranian Oil Amid Renewed Sanctions ...

    US President Donald Trump has threatened to impose sanctions on the 'countries or individual' found buying Iranian oil and petrochemical products. | File Pic Washington, DC: US President Donald Trump has threatened to impose sanctions on the ' …

    Source: Free Press Journal - Neutral

03 days 09:46:07

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