Saturday, November 23, 2024
Exxon-led Guyana oil group's net jumps in 2023, margins top Nvidia's- oil and gas 360

Exxon-led Guyana oil group’s net jumps in 2023, margins top Nvidia’s

Yahoo Finance GEORGETOWN/HOUSTON  – Guyana’s lucrative agreement with an ExxonMobil-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net margin larger than that of chip-maker Nvidia Corp. The trio’s combined net margin was 56%, greater than the 49% Nvidia earned in its most recent fiscal year. The Stabroek offshore

Russian oil and gas revenues surge by 50% in June- oil and gas 360

Russian oil and gas revenues surge by 50% in June

Oil Price In a significant rebound, Russia’s oil and gas revenues for June are projected to increase by over 50% year-on-year, reaching $9.4 billion, according to new Reuters calculations. This surge comes after a reduction in refinery subsidies, highlighting Russia’s resilience in the face of Western sanctions aimed at its energy sector. The redirection of oil exports to India and

Carbon capture industry to depend on oil and gas workers as new Louisiana facilities approach operations- oil and gas 360

Carbon capture industry to depend on oil and gas workers as new Louisiana facilities approach operations

World Oil (Bloomberg) – The Biden administration’s hub to clean carbon from the air in northwest Louisiana is getting company. On Monday, Heirloom Carbon announced that it’s constructing a facility with machines that can remove 17,000 tons of carbon dioxide from the atmosphere annually. The startup counts JPMorgan Chase & Co., Autodesk Inc. and Klarna Bank AB among its customers.

Soaring costs put new U.S. LNG export projects at risk of delays

Oil Price Surging labor and construction costs are plaguing some major U.S. LNG export projects, threatening to delay new LNG supply to international markets. Wage growth since 2021, a shortage of skilled workers, and rising costs of materials with the inflation over the past three years have increased overall contractor costs for U.S. LNG export projects, analysts tell Reuters. Wages for