ExxonMobil beat Wall Street estimates with the second-highest earnings for the second quarter in a decade as the acquisition of Pioneer Natural Resources fueled a record quarterly production and the highest oil production since the Exxon and Mobil merger. Exxon said on Friday that its second-quarter 2024 earnings came in …

Russia’s oil industry has slowed drilling activity this year from the record highs seen in 2023, as Moscow is limiting production as part of the OPEC+ deal and working to boost its compliance rate. In the first half of 2024, rigs employed by Russian oil companies drilled a total of …

China’s energy transition has hit a historic milestone as its collective wind and solar power capacity exceeds coal-fired generation for the first time, according to new data. Wind and solar energy last month collectively eclipsed coal in capacity, according to latest data from China’s National Energy Administration, analyst group Rystad …

BP will team up with the government of Iraq to rehabilitate and develop four oil and gas fields in the northern region of Kirkuk. The two sides signed a preliminary agreement to that effect this week. The deal follows another one, signed in 2013, for the development of the giant …

Iraq’s state-owned North Oil Company has finished repairing a key pipeline linking its northern oilfields to Turkiye’s Mediterranean coast, a company source said on Wednesday. “The pipeline, repeatedly targeted by ISIS militants, is now ready to pump crude oil from Kirkuk to the Ceyhan export terminal,” the source added. However, …

Global emissions of methane, a powerful planet-heating gas, are “rising rapidly” at the fastest rate in decades, requiring immediate action to help avert a dangerous escalation in the climate crisis, a new study has warned. Methane emissions are responsible for half of the global heating already experienced, have been climbing …

EDF ENR, the winner of a tender launched by Solideo — the public entity behind the creation of France’s Olympic Village in Paris — has installed 15 PV arrays on the roofs of buildings currently occupied by athletes taking part in the Olympic Games. Located in the Belvédères district, just …

After the announcement of the assassination of Hamas leader Haniyeh in Tehran, Oil prices jumped, with Brent crude climbing 1.5% to just below $80 a barrel. Haniyeh, a chief negotiator for Hamas and based in Qatar, was in Tehran for the inauguration of Iran’s new president on Tuesday. He was …

Based on the latest data released by the Iranian Ports and Maritime Organization (PMO), some 76,330,052 tons of goods were loaded and unloaded at the country’s ports in the first four months of the current Iranian calendar year (March 20- July 21). As reported, during the mentioned four months more …

After aluminum prices increased in the spring and early summer, bulls became exuberant, believing that “green” initiatives like EVs, renewables, and associated power transmission technology would push the metal price higher. However, contrary to their expectations, the LME price continued to fall steadily since early June, a trend mirrored on …