(WO) — National oil companies tend to be more bloated and less efficient than their private-sector counterparts. Yet Petroleos Mexicanos, with a workforce of about 128,000, stands out even among its state-owned peers.  SourceContinue Reading

Natural Gas Prices Plummet 11% as Israel-Iran Conflict Cools | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Oct 28, 2024, 11:24 AM CDT U.S. natural gas prices fell sharply on Monday due to limited Israeli attacks on Iran...Continue Reading

(WO) — Cnooc Ltd. posted a rise in Q3 profit after the company offset lower crude oil prices with increased output. The state-owned firm has a prominent role in raising output to meet targets for energy security, a task that has greater importance as the geopolitical landscape becomes more uncertain. SourceContinue Reading

UAE’s Renewable Energy Giant Pushes Back Green Hydrogen Targets | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 28, 2024, 10:30 AM CDT Masdar, the clean energy giant of the United Arab Emirates (UAE), has pushed back its target to reach 1 million tons per...Continue Reading

(WO) — Vantage Drilling International announces the first day of trading its shares on Euronext Growth Oslo. The listing follows a series of value accretive transactions, including the previously announced MoU with TotalEnergies. SourceContinue Reading

Nvidia-Backed Ubitus Seeks Nuclear-Powered Data Centers in Japan | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Oct 28, 2024, 10:00 AM CDT Ubitus K.K., an Nvidia-backed company, plans to build a new data center near nuclear power plants in Japan due to...Continue Reading

Profit at India’s Top Refiner Slumps by 99% Due to Weak Margins | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 28, 2024, 9:30 AM CDT IndianOil, the biggest refiner in India, reported on Monday a net profit tumbling by 98.6% in the quarter to...Continue Reading

(WO) — Baker Hughes has won contracts with Petrobras to provide flexible pipe systems in Brazil’s pre-salt fields. The multi-year project includes risers and flowlines for hydrocarbon production and associated gas and water injection with support for equipment storage, maintenance and installation. SourceContinue Reading

Average U.S. Gasoline Price Set to Drop Below $3 for the First Time Since 2021 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Oct 28, 2024, 9:09 AM CDT The U.S. national average gasoline price is expected to fall below $3 per gallon for the...Continue Reading

Oman’s Oil Exploration Firm Plunges After Record $2-Billion IPO | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Oct 28, 2024, 8:30 AM CDT After a record $2-billion initial public offering,...Continue Reading