(Bloomberg) — PetroChina Co. reported record profit in the first half as the company weathered weakening fuel demand in China thanks to high drilling output and strong oil prices. China’s largest oil and gas producer said production rose to 905.5 million barrels of oil equivalent during the period. Beijing has pushed its state-owned […]
Woodside reported net profit after tax (NPAT) of $1.94 billion for the half year. Underlying NPAT was $1.63 billion, a 14% decrease from the same period in 2023. The company generated operating cash flow of $2.4 billion and positive free cash flow of $740 million. Woodside had a strong liquidity position at $8.48 billion. The […]
The explosion at the Omsk oil refinery on August 26 paralyzed almost half of the plant’s capacity. Source: Reuters The explosion at Gazprom Neft’s Omsk refinery, Russia’s largest oil refinery, paralyzed the CDU-11 primary refining unit. Advertising: The CDU-11 is the most productive unit of the plant. The second unit of this type, […]
“Florida residents … will likely see the lowest gasoline prices in three years this holiday weekend.” Gasoline prices in Florida averaged $3.29 per gallon of regular gasoline on Sunday, the lowest daily average in two months, according to AAA-The Auto Club Group’s weekly briefing. The national average rose eight cents early last week, but then […]
PetroChina reported record operating profit in the first half of the year amid rising crude oil and natural gas production that more than offset weak Chinese fuel demand. PetroChina, the country’s largest oil and gas producer, reported a 3.9% year-on-year increase in net profit to $12.44 billion (88.61 billion Chinese yuan) in the first half […]
EnerMech has been awarded two significant pre-commissioning contracts for pipelines offshore East Malaysia, representing a significant milestone in the expansion of its key pipeline and subsea activities in the region in both deep and shallow waters. These contracts were signed with two prime contract customers, both supporting the developments of the same multinational operator in […]
Insider: Colts lose to Broncos 34-30, secondary problems Insider Joel A. Erickson summarizes the Indianapolis Colts’ 34-30 loss to the Denver Broncos. Clark Wade INDIANAPOLIS — The roof of Lucas Oil Stadium was repaired after a mechanical problem forced Indianapolis Colts team owner Jim Irsay to close it during Sunday’s season-opening game, despite initially saying […]
RIYADH: Saudi Arabian Mining Co., commonly known as Ma’aden, reported a net profit of SR2 billion (US$532 million) in the first half of 2024, a remarkable increase of 160 percent compared to the same period in 2023. This increase in profitability was due to several key factors. A key factor in this financial success was […]
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, adding 104.57 points or 0.90 percent to close at 11,771.69. Total trading turnover of the benchmark index was SR5.09 billion (US$1.35 billion), with 162 of the stocks rising while 61 declined. The kingdom’s parallel market Nomu lost 293.95 points or 1.14 percent to close at […]
The Bluecoats Drum & Bugle Corps is world champion again. The Canton-based corps won the 2024 Drum Corps International World Championships at Lucas Oil Stadium in Indianapolis on Saturday, completing its first undefeated season, with its rendition of “Change is Everything” securing first place. The group, which has trained for the past few years at […]
