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Oil giants' profits slide 15.1% to $182.1 billion in January-September
- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023
11.12.2024
Refining/Petro Chemistry
Türkiye's renewable transition presents 'promising economic driver'
- Country's potential in developing sustainable systems, strategic location adjacent to key European markets, emerging renewable energy sector present opportunities, says global consulting firm partner
10.12.2024
Renewable
Farmers should not foot bill for climate change or green transition: Hungarian premier
- 'We must continue advancing the green transition while also maintaining our use of natural gas, oil and nuclear energy,' says Victor Orban
13.11.2024
Nuclear
Türkiye's BOTAS, TotalEnergies sign 10-year LNG deal
- Agreement includes annual delivery of approximately 1.6 bcm of LNG to Türkiye across 16 cargoes for 10 years, starting in 2027
18.09.2024
Energy Diplomacy
ExxonMobil delivers second highest Q2 earnings of past decade
- Company's income increases almost 12.2% during the second quarter of 2024
03.08.2024
Oil
Marathon Oil shares jump 11% with $22.5 billion merger deal
- Mergers in US oil, natural gas industry heat up with Chevron-Hess, ExxonMobil-Pioneer deals
Türkiye’s BOTAS inks LNG trade deal with ExxonMobil in US
Deal diversifies Türkiye’s energy resources, says Turkish energy minister
09.05.2024
Natural Gas
ExxonMobil's income falls almost 3.2% in 1Q24
- Company’s revenue for January–March period reaches around $83 billion, compared to $86.6 billion for same quarter of 2023
26.04.2024
Oil
US solidifies leading role in emissions storage tech. with 131 planned projects
- Carbon emissions resulting from thermal power plants, factory chimneys and fossil fuel use are currently stored in 43 facilities
29.03.2024
Renewable
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ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector
- The company’s first lithium production is targeted for 2027
Germany approves return of lignite power plants
- Plants to be used until March next year if necessary
ExxonMobil says carbon emissions from energy will fall by 25% by 2050
- Lower-emission options, including renewable energy, biofuels, carbon capture and storage, hydrogen and nuclear will play important roles
ExxonMobil, Nucor Corporation ink carbon capture deal
- Company expects to capture, transport and store up to 800,000 metric tons of carbon dioxide per year
British Harbour Energy, bp to develop carbon capture and storage project
- Project is estimated to meet one-third of UK's target to capture and store up to 30 million tons of CO2 a year by 2030
Kazakhstan starts arbitration proceedings against oil majors over revenues
- Lawsuits have been filed in interest of people of Kazakhstan, says country’s energy minister
Aramco signs letter of intent with Geely and Renault to join low-emission fuel tech. company
- Aramco will contribute to key R&D across synthetic fuels solutions and next-gen hydrogen technologies through collaboration
Zero-emissions transition to add $10.3T to global economy by 2050: Report
- Worsening climate emergency creates opportunity for rapid emergence of new technologies and expertise to combat effects
ExxonMobil expects sizable investment on emission reductions by 2027
- Company says it will double earnings and cash flow potential by 2027 versus 2019
ExxonMobil announces two hydrocarbon discoveries offshore Guyana
- Company expects Guyana's oil production capacity to be more than one million barrels a day by end of decade
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ExxonMobil reports $17.8 billion profit in second quarter of 2022
- Revenue for second quarter recorded as $115.7 billion, $48 billion higher compared to last year
ExxonMobil announces two discoveries offshore Guyana
- Plans this year include exploratory drilling and development in country where produced has increased at accelerated, industry-leading pace, company says
ExxonMobil, QatarEnergy ink deal for LNG capacity expansion
- First LNG from North Field East is expected in 2026
Global energy giants join for carbon capture, storage project in Dutch North Sea
- Large-scale CCS project in Dutch North Sea has potential to store 120-150 million tonnes of carbon
bp and Linde to jointly develop carbon capture project in Texas
- Project, which plans to open by 2026, will store up to 15 million metric tonnes per year
Oil and gas companies gamble on emission mitigation technologies
- Net zero targets are not enough for companies to be aligned with Paris, report warns
ExxonMobil to sell Romanian upstream affiliate for $1 billion+
- Romgaz gets all shares in ExxonMobil Exploration and Production Romania along with interest in Neptun natural gas block
ExxonMobil 1Q22 earnings $3.4B lower due to Russia exit
- Total revenues and other income of company reach $90.50 billion in first-quarter
ExxonMobil announces three discoveries offshore Guyana
- New findings will help supply affordable energy for increasing global demand, company says
ExxonMobil to invest $10 billion on fourth Guyana offshore project
- Project is expected to produce approximately 250,000 barrels of oil per day starting in 2025NATURAL GAS MARKET (TL/1000Sm³)
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