Europe – Page 4 – Oil & Gas 360

Eni eyes new oil and gas spin-offs in energy transition satellite strategy

May 13, 2024

U.S. News MILAN – Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said. Such deals would expand veteran CEO Claudio Descalzi’s strategy to split some of Eni’s operations into separate entities, or satellites, to

ADNOC Gas reports $6 billion revenue in Q1 2024 with significant natural gas project milestones

May 8, 2024

World Oil (WO) – According to a financial report, ADNOC Gas delivered robust Q1 2024 results, with revenues increasing by 15% year-on-year to $6 billion, underpinned by a strong increase in demand in the UAE, which saw overall sales volumes increase by 14% Y-o-Y. As a result of the improved revenue and continued focus on operational efficiency, Q1 2024 earnings

TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S.

May 1, 2024

World Oil (Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ greater enthusiasm for oil and gas companies. The French energy giant is considering the switch “in part because ESG policies in Europe have more weight,” Chief Executive Officer Patrick Pouyanne

G7 nations discuss phasing out coal-fired electricity by 2035

April 29, 2024

Oil Price The G7 group of the world’s most industrialized nations are discussing a common target to end their coal-fired power generation by 2035 at an energy ministers’ meeting in Italy, a source close to the talks told Reuters on Monday. The energy, climate, and environment ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States are meeting between Sunday

Losing hope of rescue, some European solar firms head to US

April 15, 2024

US News FRIEBERG, Germany – European governments due to move to support their solar power manufacturers this week will be too late to stop solar panel maker Meyer Burger packing up a German factory to send production to the United States. The plant in Freiberg in eastern Germany closed in mid-March with the loss of 500 jobs, as the Swiss-listed

Europe’s sustainable fund flows grow as U.S. ESG market shrinks

April 12, 2024

Oil Price Investor appetite for ESG funds and other sustainable investments remains steady in Europe, in stark contrast with the United States, where the ESG backlash has had investors pull billions of U.S. dollars out of sustainable funds over the past year. Europe has higher political and investor support for ESG investment products, a Reuters analysis shows, which has helped the continent

Shell sees significantly lower Q1 LNG trading results

April 5, 2024

Investing LONDON -Shell said on Friday it expects significantly lower results from its liquefied natural gas trading business in the first quarter of 2024 compared with the previous three months. In an update ahead of quarterly results on May 2, Shell (LON:RDSa) also said its oil trading results are expected to be significantly higher than the last quarter of 2023. Shell, the world’s

Netherlands’ $900 billion pension funds ready to invest big in renewables

March 27, 2024

Oil Price The Netherlands’ five largest pension funds have said they are willing to invest billions in the country’s renewable energy sector and the electricity grid. The funds, with a combined 900 billion euros ($975 billion) in assets, have offered to help with finances and expertise in the nation’s electric grid expansion and sustainable heating projects. “We want to make a bigger

Oil steadies as markets weigh Russian supply woes

March 26, 2024

US News LONDON – Oil was little changed on Tuesday after rising in the previous session as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker U.S. dollar offered some support. Front-month Brent crude futures due to expire on Thursday were unchanged at $86.75 a barrel at 1310

Hydrogen Pipeline Infrastructure: Assessing Readiness with TOGC 2024- oil and gas 360

Transportation Oil Gas Congress 2024 on February 19-20, 2024 in Milan, Italy

February 20, 2024

Oil and Gas 360 CO2 Debates: Steering the Course to a Low-Carbon Economy with Efficient CO2 Transportation As the world grapples with the escalating climate crisis, the urgent need to transition to a low-carbon economy has never been more pronounced. Central to this transition is the role of CO2 transportation, a topic that will take centre stage at the upcoming

Gabon to buy Carlyle’s oil business, preempting $1.3 billion sale

February 16, 2024

Yahoo Finance LONDON -Gabon’s national oil company has agreed to acquire Carlyle’s Assala Energy after it used its right to preempt the sale of the business for $1.3 billion to France’s Maurel & Prom, the firms said on Friday. Maurel & Prom had agreed in August to acquire Assala Energy for $730 million, a deal which also included rolling over

Eni smashes earnings estimates with record gas performance

February 16, 2024

Oil Price Eni’s (NYSE: E) fourth-quarter and 2023 earnings exceeded consensus estimates as “record-breaking” performance in the gas and LNG division offset weaker oil and gas prices and refining margins. The Italian energy major reported on Friday adjusted net profit of $1.76 billion (1.64 billion euros) for the fourth quarter, down by 34% on the year, but slightly higher than analyst expectations.

Premium Content