Monday, 3 February 2025

Focus on Fuel

AnalysisHydrogenIn-DepthOpinionTransport

Hope or hype? NZ needs to be realistic about the clean energy potential of green hydrogen

New Zealand's hydrogen future is uncertain as major truck deal fails and NZ$100M green hydrogen rebate is removed from the 2024 budget.

FILE PHOTO: The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
BusinessFuelNewsOil

Petrobras’ bid for Galp’s Namibia prospect to include at least one partner: sources

Petrobras seeks a partner for its bid on a 40% stake in Namibia's Mopane oil prospect, aiming to share risk in this key...

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessCourtsFuelLiquefied Petroleum GasNewsOilPolitics

Citgo auction pits Icahn-backed oil refiner, creditor group

Icahn and creditors battle in final bids for Citgo, aiming to claim stakes in $21.3B Venezuelan debt auction.

Enbridge Inc. saw its second-quarter profit hit $1.84 billion, where it roughly also sat a year ago. An Enbridge worker loads pipe just west of Morden, Man., on Thursday, Aug. 16, 2018. THE CANADIAN PRESS/John Woods
BusinessFinanceFuelInfrastructureLiquefied Natural GasNatural GasNewsTransmissionUtilities

Enbridge makes progress on utility purchases; raises earnings forecast

Enbridge raises 2024 earnings forecast after acquiring U.S. gas utilities, aiming to become North America's largest gas utility.

An Imperial Oil logo is shown at the company's annual meeting in Calgary on April 28, 2017.THE CANADIAN PRESS/Jeff McIntosh
BusinessNewsOil

Imperial Oil takes $1.13bn in net income, up from $675m a year ago

Income nearly doubles in Imperial Oil Q2 results, with production up.

FILE PHOTO: ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Exxon delivers $9.2 billion second-quarter profit, raises output target

Rising oil prices and a boost from buying Pioneer lead Exxon Mobil to bumper Q2 profits.

FILE PHOTO: A Chevron gas station sign is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023. REUTERS/Mike Blake/File Photo
BusinessNewsOil

Chevron reports Q2 earnings miss on weak refining margins

Chevron Q2 results affected by weak refining margins.

FILE PHOTO: A Con Edison company flag is seen in New York July 1, 2012. REUTERS/Eric Thayer/File Photo
BusinessEfficiencyElectricityFinanceFuelInfrastructureNatural GasNewsSolarTransmissionUtilitiesWind

Consolidated Edison beats second-quarter profit estimates

Consolidated Edison beat Q2 profit estimates, with revenue up 9.4% to $3.22 billion, driven by hotter weather and increased energy use.

FILE PHOTO: Coterra Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNatural GasNewsOil

Coterra Energy misses quarterly profit estimates

Oil and gas company Coterra Q2 results show natural gas price fall hitting profit estimates.

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
BusinessFuelLiquefied Petroleum GasNewsOil

Occidental closes $12 billion CrownRock deal

Occidental Petroleum said on Thursday it has closed its $12 billion deal to buy CrownRock.

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