Oil & Gas Equipment

Analysts and traders claim that gold stocks in Comex storage facilities are likely to reach new records within the next few days, due to the possibility of tariffs preventing shipments from other countries to the United States. According to the latest data from Comex (part of CME group), gold in US warehouses has reached a record high of 43.3 millions troy ounces, worth $135 billion, compared with 17.1 in November, when Donald Trump became U.S. president. On Monday, spot gold prices soared to new highs of $3,100 an ounce. Bullion prices are up 19% this year, after a 27% increase...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. EXMAR: Exmar reported on Thursday a decline in FY IFRS revenues to $348.9 millions but an increase in IFRS EBITDA at $204.7 million. It will not be proposing a dividend in 2024. FLUXYS: Fluxys announced on Thursday that FY revenues and EBIT had increased to 608.8 millions euros ($657.0) and 133.9million euros, respectively. It proposes to pay a EUR 1.4 dividend per share. HAL TRUST HAL Trust reported that its NAV will increase by 2,20 billion euros in 2024 to...

Baker Hughes, a leading energy services company, said that the U.S. energy companies this week did not change the number of oil rigs and natural gas rigs in operation. The number of oil and gas rigs, a good indicator of future production, remained at 592 during the week ending March 14. . Baker Hughes reported that the total number of rigs is down 37 or 6% from this time last. Baker Hughes reported that the number of oil rigs rose this week by one, to 487. The number of gas rigs dropped by one, to 100. Oil and gas rig...

On Wednesday, Turkish Energy minister Alparslan Bayraktar announced on the social media platform X that TPAO, Turkey's national oil company, had signed a joint-venture agreement with U.S. producer Continental Resources for the development of shale deposits in Diyarbakir Basin. This cooperation will contribute greatly to our goal to bring Turkiye’s oil and natural gas resources into our economy. "I hope that this agreement will benefit all parties, as it opens up a new phase in Turkiye's exploration," he wrote in the blog. The Turkish oil and gas industry is not very large. Continental Resources CEO Doug Lawler stated in an...

The U.S. Department of Energy announced on Wednesday that it had approved a permit extension for exports of natural gas liquefied from the Golden Pass LNG LLC, a joint venture between QatarEnergy ExxonMobil, which is being built in Texas. The $10 billion Sabine Pass project, currently under construction in Texas, will be able to export LNG to major markets in Asia and Europe with the approval of this extension. Exports could start as soon as this year. The DOE stated that it would become the ninth major export terminal in the United States once built. QatarEnergy holds 70% and ExxonMobil...

Baker Hughes, a U.S. oilfield technologies firm, announced on Monday that Ahmed Moghal has been appointed as its Chief Financial Officer with immediate effect. The shares of the company dropped 1.3% during morning trading. Moghal was the former finance director for the Industrial and Energy Technology (IET) division of the company. Baker Hughes, which is currently undergoing a strategic pivot in order to maximize its IET portfolio in order to grow and expand in the natural-gas and LNG sectors and to scale new energy and digital business, made the appointment. "... It is important to have a CFO who has...

The head of Exxon Mobil in Guyana announced on Wednesday that a consortium led by Exxon Mobil had requested environmental permits for its eighth project - the first to generate gas unrelated to oil production - and to explore a second well at its massive offshore blocks. Exxon is preparing for an active exploration and production year in Guyana, following upgrades to two of its floating facilities. A fourth vessel will arrive in the next few weeks and increase the total capacity of the group's output to 940,000 barrels a day. Guyana has pressed Exxon to deliver and produce more...

Stuart Young, the energy minister of Trinidad and Tobago (the largest producer in Latin America and Caribbean) said that the government is generating more revenue through LNG exports. The cargoes are sold at a price between 15 and 55 percent above the Henry Hub, he added. After five years of negotiation, the increase is a result of a revamped contract in late 2023, which set new financial conditions for participants in Atlantic LNG, the country's flagship LNG project. Prior to the revamp, LNG production in Trinidad barely reached prices near Henry Hub for cargoes that were sold to customers throughout...

FID is expected to end in 2026, not by the end of 2025 Production capacity has dropped to 150,000 barrels a day from 160,000 The country has been discovered by fellow majors PARIS, February 5 - CEO Patrick Pouyanne stated on Wednesday that the French oil major TotalEnergies will make a final decision on investment in its Namibian oil discovery by 2026. The project would produce 150,000 barrels a day. This is down from the initial 160,000 barrels a day that was discussed during its Investor Day in October. Pouyanne's previous target for the decision date on FID was 2025....

The U.S. The U.S. The agency released a statement stating that former North Dakota Governor Doug Burgum signed six orders during his first day of office as Interior Secretary. These orders are a result of a series of executive orders Trump released in his first few days as president. These actions instructed agencies to accelerate the permitting of energy projects, and undo environmental protections his administration considers burdensome. Burgum's actions signal a radical shift in Interior Department policy. The former president Joe Biden’s administration tried for four years, as part of its strategy to combat global warming, to slow down...

The organization announced on Thursday that Chris Wright, Donald Trump's nominee to lead the U.S. Energy Department will be speaking to a conservative think-tank in London, next month. Wright has advocated expanding fracking operations in previous meetings. Wright, who will be confirmed by Senate on Friday, according to a spokesperson for the department, will not attend in person the Alliance for Responsible Citizenship Conference. It wasn't immediately clear if he would be addressing the conference from Feb. 17-19 virtually. Wright, CEO of the oilfield services firm Liberty Energy, spoke last at an ARC in 2023, when he said that fracking...

On Monday, ProPetro Services conducted fracking at a Permian Resources Corporation well site in Texas. One man died and two other people were injured. Edward Rodriguez, 45 years old, died when a pressured device ruptured. Two other workers were taken to hospital. According to a Reeves County Sheriff's Office statement, ProPetro has shut down its fracking operation and turned off the power in the area during a safety inspection. ProPetro released a statement confirming the incident and stating that the company is working with relevant authorities to determine what caused the incident. Permian Resources Corp has not responded to a...

SLB on Tuesday said it will commercially launch its version of a direct lithium extraction (DLE) system after years of tests in a Nevada desert and could be producing the electric automobile battery metal for customers by 2027. The Houston-based oilfield services huge, previously called Schlumberger, is the most recent to make a significant push into the fast-growing DLE sector, which has absorbed Exxon Mobil , Rio Tinto, International Battery Metals and others aiming to reinvent how the ultralight metal is processed for the energy transition. Lithium has actually historically been produced utilizing big, water-intensive evaporation ponds or open-pit mines....

Germany's economy ministry stated it won the European Commission's clearance in principle to compensate power business LEAG with up to 1.75 billion euros ($ 1.90 billion) for exiting coal by 2038, part of Berlin's. efforts to accelerate decarbonisation. In 2020, Germany's previous federal government accepted shut. coal-fired power plants by 2038 as part of Berlin's ambitions to. become climate neutral by 2045. It agreed with LEAG on the. compensation amount, pending EU approval. LEAG currently provides 7 gigawatts of lignite-fired power,. or around 10% of the total in Germany. But the transition, and efforts to accelerate it, have. got a...

The following quotes, mergers, acquisitions and disposals were reported by 1945 GMT on Tuesday: ** Hess investors authorized the company's $53. billion merger with No. 2 U.S. oil business Chevron,. according to preliminary outcomes of the vote. ** BHP was struggling to find commonalities with. Anglo American in talks over its takeover deal, without any. brand-new concessions as a deadline nears for the world's biggest. miner to send a binding deal, 5 sources stated. ** Royal Mail's moms and dad business International Distributions. Services (IDS) is set to advise a company offer by. Czech billionaire Daniel Kretinsky, a person with...

An Exxon Mobilled oil consortium will need to choose by October whether it will proceed and establish a big natural gas find off the coast of Guyana, the country's vice president said on Thursday. The government has actually been pressing for a gold mine from mostly untapped gas reserves found by the Exxon-led group. The consortium, that includes Hess Corp and CNOOC Ltd. , is needed under its production contract to return. to the federal government by October about 20% of its huge Stabroek. block if that area stays undeveloped. Exxon has said it wishes to finish an appraisal of...

Asian area melted gas (LNG) prices increased this week to its greatest levels given that January, as heat throughout the region spurred more demand for the superchilled fuel, and as it tracked gains in European gas costs on the back of maintenance outages and lower wind output. The average LNG cost for July delivery into north-east Asia rose to $10.90 per million British thermal systems ( mmBtu), up from $10.50/ mmBtu in the previous week and its strongest levels considering that Jan. 5, market sources estimated. Asian provided rates have actually edged higher in the previous few days ... as...

Urals unrefined discount rates to Brent narrowed amid softening freight rates for crucial paths from Russia's western ports to Asia, while outright prices for the grade dip in line with the global oil market, traders stated and computations showed on Friday. Freight rates for Aframax ships, which generally fill some 720,000 barrels of Urals crude in Primorsk or Ust-Luga for a. one-way voyage to Indian ports, eased to balance some $7 million. from some $7.5 million for April and March-loading cargoes, 2. sources stated. This is still above $5 million for the trip last. September. Rates for Suezmax tankers, which...

At least three tankers with Russian Urals oil on board picked a longer path to Asia around the Africa's Cape of Great Hope in March and April as military risks in the Red Sea stay high, 2 traders stated and LSEG information revealed. 2 tankers, Fos Picasso and Hydra, bring some 200,000 metric lots of Urals oil packed from Baltic in April went to India around Africa, while the vast bulk of the vessels with Russian oil have actually been selecting the shorter path by means of Suez channel and Red Sea, LSEG information shows. Many ships bring Russian items...

French and Chinese business signed on Monday offers ranging from energy, financing and transportation on the sidelines of Chinese President Xi Jinping's. check out to the French capital. WHY IT is very important French President Emmanuel Macron and EU Commission chief. Ursula von der Leyen prompted Xi in Paris to guarantee more well balanced. trade with Europe at a time of growing service tensions. MAIN AGREEMENTS - Agreement to establish a global tactical partnership in the. battery market between Xiamen Tungsten New Energy and Orano. - Memorandum of understanding in between Envision and Suez. - Supply contracts for electric traction...

Global shares rose on Friday as investors bet that news of slowerthanexpected U.S. nonfarm payrolls tasks development would give the Federal Reserve more reason to cut rate of interest later on in the year. U.S. rates of interest futures priced in two cuts of 25 basis points each this year, possibly starting in September, compared with just one cut being forecast before the jobs numbers were launched ahead of Wall Street's opening bell. The information also sent U.S. stock futures sharply higher, developing on a currently bullish state of mind after news of Apple's record $110 billion share buyback. A...

U.S. regulators offered the goahead on Thursday to Exxon Mobil's $60 billion purchase of Leader Natural Resources, but barred Pioneer's former CEO from Exxon's board on allegations he attempted to conspire with OPEC to raise oil rates. Former Pioneer CEO Scott Sheffield collaborated efforts with U.S. shale oil manufacturers to constrain their output and raise energy rates, the Federal Trade Commission said. Commonly thought about the dean of U.S. shale since of his long period and blunt talk about market output and spending, Sheffield used his influence to line up oil production across the Permian Basin in West Texas and...

Guyana plans to divulge winners of the nation's first competitive auction of offshore oil blocks by the end of March, an official with the country's. Ministry of Natural Resources said on Monday. The government continues to examine propositions and evaluate. documents provided by six of eight groups that placed bids in an. oil auction last September, Senior Petroleum Planner Bobby. Gossai Jr. told at the country's annual energy. conference. His remarks came at an energy conference designed to. highlight the nation's rise as the world's fastest-growing oil. manufacturer. Officials utilized the very first day of the conference to lay. out...

The following quotes, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: ** Hedge fund Barington Capital prompted Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all shareholders would benefit if the business took a look at other possible bidders. ** U.S. Steel shareholders authorized its proposed $14.9. billion acquisition by Japan's Nippon Steel 5401. T, taking the. merger one step better to conclusion even as political. opposition to the deal mounts. ** An Exxon Mobil arbitration case that might block. the sale of Hess Corp to Chevron could drag on. until year-end, Hess...