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Profit Warnings and Production Cuts: Shell Faces Tough Energy Headwinds

Rextag

30 earnings release, Shell revealed plans to book a noncash post-tax impairment of $1.5 ADJUSTED PRODUCTION AND VOLUME FORECASTS Shell also reduced its integrated gas production outlook for the fourth quarter to 880,000 and 920,000 oil-equivalent daily barrels, citing scheduled maintenance at a Qatar-based facility. million barrels.

Energy 40
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BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

The initial phase includes oil and gas production exceeding three billion barrels of oil equivalent, while the wider resource opportunity across the contract area is believed to include up to 20 billion barrels of oil equivalent. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. "

Field 40
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Profits or Planet? BP’s ‘New Beginning’: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

a $200 million profit in 3Q) after booking $1.5 New CEO, New Beginning: Is Auchincloss Bold Enough to Take BP to the Top? BP has unveiled plans for what its Chief Executive, Murray Auchincloss, calls a fundamental reset of the companys strategy. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders.

Oil 40
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Leading Low Decline Light Oil Position in Saskatchewan : The combined company becomes the second largest producer in Saskatchewan with consolidated assets in west and southeast Saskatchewan.

Energy 130
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A Look Back on 2024

Energy Transfer

2024 is almost in the books! The joint venture operates more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels. As we wind down the remaining days until the New Year, lets take a look back at some of the highlights of 2024.