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Whether we realize it or not, robotics and robotics systems are starting to impact our daily lives. From warehouse picking systems through to high-end medical devices through to your mowbot lawnmower. Each tends to be specialized to its own task and a similar trend is now starting to play out in the offshore wind space,... Continue Reading →
Exxon Mobil Corp doubled its first-quarter per-share profit, it said on Friday, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia. The top U.S. oil producer tripled its buyback program, saying it will repurchase upto $30 billion in shares by the end of next... Continue Reading →
(Reuters) - When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas. But his next jobs brought one mishap after another. He was hospitalized for almost a week following a shift at a chemical manufacturing facility;... Continue Reading →
(Reuters) - Eni (ENI.MI) will press ahead with plans to find alternative gas supplies following Russia's invasion of Ukraine after first-quarter profits soared above expectations on booming prices. The Italian energy group is looking to use its presence in Africa to provide 14 trillion cubic feet of extra gas and more liquefied natural gas (LNG) to help... Continue Reading →
(OM) Petrobras expects to start up the FPSO Guanabara next month at the Mero field in the deepwater Libra block, offshore Brazil. Connection activities at the oilfield – the third largest in Brail’s pre-salt regions after Búzios and Tupi – have finished, and the company is now waiting on regulatory approvals to initiate production. This is the first permanent... Continue Reading →
(Reuters) - PetroChina (601857.SS) reported on Friday a 41% rise in first-quarter net income to 39.1 billion yuan ($5.9 billion), its best quarterly outturn since September 2020, helped by stronger oil and gas prices amid slower growth in refining. Asia's biggest oil and gas producer said in a filing to the Hong Kong Stock Exchange that its... Continue Reading →
Oil major Chevron booked a significant increase in its quarterly earnings and revenues driven by higher oil and gas prices. Chevron on Friday reported earnings of $6.3 billion for the first quarter of 2022, compared with $1.4 billion in the first quarter of 2021. Included in the current quarter were pension settlement costs of $66... Continue Reading →
(Reuters) - Russia's Gazprom on Thursday forecast a fall in gas output of about 4% this year, in another sign of the impact of Western sanctions against Moscow, after the oil and gas giant reported record earnings for last year. read more Gazprom (GAZP.MM) said in a statement that its net profit hit 2.09 trillion roubles ($29 billion)... Continue Reading →
Sustained high commodity prices and increasing oil and gas supply are set to push upstream sector payments to governments to an all-time high of $2.5 trillion this year, smashing the previous record of $2.1 trillion set in 2011, Rystad Energy research shows. As reported by Rystad earlier this week, Saudi Arabia is, unsurprisingly, set to... Continue Reading →
(Reuters) Spanish energy group Repsol is taking a "softer" approach to its search for a partner for its newly created renewables unit as oil and gas prices are helping the company generate cash, its chief executive said on Thursday. Along with major European energy companies like BP and TotalEnergies, Repsol has been investing in low-carbon... Continue Reading →
Brazil Energy Insight 