Monday, 12 May 2025

Focus on CNOOC

News Release

Shell Plc 1st Quarter 2025 Unaudited Results

               SHELL PLC1st QUARTER 2025 UNAUDITED RESULTS                             SUMMARY OF UNAUDITED RESULTSQuarters$ million  Q1 2025Q4 2024Q1 2024%¹ Reference   4,780  928  7,358  +415Income/(loss) attributable to Shell plc shareholders    5,577  3,661  7,734  +52Adjusted EarningsA   15,250  14,281  18,711  +7Adjusted EBITDAA   9,281  13,162  13,330  -29Cash flow...

News Release

FPSO Almirante Tamandaré producing and on hire

Amsterdam, February 19, 2025 SBM Offshore announces that FPSO Almirante Tamandaré is formally on hire as of February 16, 2025 after achieving first...

News Release

SHELL PLC 4th QUARTER 2024 AND FULL YEAR UNAUDITED RESULTS

                 SHELL PLC4th QUARTER 2024 AND FULL YEAR UNAUDITED RESULTS                                 SUMMARY OF UNAUDITED RESULTSQuarters$ million Full yearQ4 2024Q3 2024Q4 2023%¹ Reference20242023%928  4,291  474  -78Income/(loss) attributable to Shell plc...

FILE PHOTO: Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georgetown, Guyana January 23, 2020. REUTERS/Luc Cohen/File Photo
BusinessFuelNewsOilTrade

Guyana oil exports jump, gain Europe market share in 2024

Guyana's oil gains favor in Europe as many refiners avoid sanctioned Russian crude and seek alternative supplies.    

FILE PHOTO: CEO of Hess Corporation, John B. Hess speaks during the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023. REUTERS/Hasnoor Hussain/File Photo
BusinessEconomyNewsOilTrade

Hess CEO upbeat on oil demand, says Guyana’s potential barely scratched

Hess CEO John Hess sees a nearly balanced oil market with strong shale and Guyana prospects, yet warns of potential volatility ahead.

FILE PHOTO: The logo of China National Offshore Oil Corporation (CNOOC) is seen at its booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File Photo
BusinessFuelNatural GasNewsOil

China’s CNOOC sells US assets to Britain’s INEOS

The deal primarily includes non-operator interests in oil and gas projects such as the Appomattox and Stampede fields.

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessCarbon ManagementNatural GasNewsOilRegulations

Exxon talks continue on shallow-water block in Guyana auction, company says

Exxon, Hess, and CNOOC continue talks with Guyana on shallow-water block S8 amid earlier auction withdrawal confusion.

FILE PHOTO: Exxon Mobil’s new headquarters are seen under construction in Georgetown, Guyana, February 18, 2024. REUTERS/Sabrina Valle/File Photo
BusinessCarbon ManagementNatural GasNewsOil

Exxon Mobil pulls out of talks with Guyana over shallow water oil block

Exxon exits Guyana talks on shallow-water block S8, citing plans for carbon capture; Hess and CNOOC’s involvement remains unclear.

News ReleaseNews

SBM Offshore completes US$1.5 billion financing of Jaguar

Amsterdam, November 21, 2024 SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion.  The...

FILE PHOTO: Mike Wirth, the CEO of Chevron Corporation, listens to a question from Daniel Yergin, the vice chairman of S&P Global, as top energy executives and officials from around the world gather during the CERAWeek 2023 by S&P Global, energy conference in Houston, Texas, U.S., March 6, 2023.  REUTERS/Callaghan O'Hare/File Photo
BusinessFuelNewsOil

Chevron CEO under pressure to halt share slide as Hess deal stalls

After years of outperforming rivals, Chevron and its CEO are now under pressure as the company's Hess purchase stalls.

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