
Occidental net income surges 64% to $992m in Q2 2024
US oil company Occidental has reported an income attributable to common stockholders of $992m for the second quarter (Q2) of 2024.

US oil company Occidental has reported an income attributable to common stockholders of $992m for the second quarter (Q2) of 2024.

Nigeria’s oil and gas sector is at a pivotal moment as it navigates through a complex regulatory landscape and fiscal reforms introduced by the PIA of 2021.

Two interconnected trends are reshaping Europe’s gas market: an expansion in LNG capacity and the strategic phase-out of Russian gas.

Volatility in the global oil market has caused oil prices in the US to fluctuate drastically over the fifth and sixth of August.

Savannah Energy has terminated its planned $1.25bn purchase of Petronas’ oil and gas business in South Sudan.

Petronas is considering enhanced exploration endeavours in selected focus regions.

Equinor, alongside Exxon Mobil, has transferred its ownership in a deepwater exploration block off the coast of Suriname to Hess.

CNOOC has received official approval for a proved gas in-place volume exceeding 100 billion m3 at the Lingshui 36-1 field.

DeepC Store and Azuli have been awarded two GHG acreages in the Bonaparte and Browse Basins off the coast of Australia.

Saudi Aramco has acquired a further 22.5% stake in Petro Rabigh as it looks to turn the struggling companies fortunes around.
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.