Latest news with #oilproducer
Bloomberg
23-07-2025
- Politics
- Bloomberg
Angolan President Hints at Successor Who Can Do ‘Better Than Me'
Angolan President João Lourenço said he's looking for someone to succeed him at the helm of Africa's third-biggest oil producer, before general elections scheduled to take place in 2027. 'I think about it every day,' Lourenço said in a television interview late on Tuesday with CNN Portugal. 'I think in silence. It's my duty to think because we can't leave the country in the hands of just anyone.'
Bloomberg
22-07-2025
- Business
- Bloomberg
Spanish Outages Likely Cost Top Power User Repsol €170 Million
Spain's power outages probably cost oil producer Repsol SA about €170 million ($200 million) in losses at refineries and chemical plants last quarter, people familiar with the matter said. A nationwide blackout in April led to an estimated loss of roughly €100 million at five refineries, and €40 million at three chemical plants, according to the people, who asked not to be named because the information isn't public. Smaller power failures probably cost about €30 million, they added.
Bloomberg
27-05-2025
- Business
- Bloomberg
Smallest Gulf Oil Producer Seeks LNG Imports Amid Ample Supply
Bahrain, the smallest oil producer in the Persian Gulf, is seeking liquefied natural gas imports and considering long-term deals as the market appears well supplied, according to the boss of its state energy company. Bapco Energies this month received an LNG cargo after restarting a floating import terminal and is expecting another in June, Chief Executive Officer Mark Thomas said. The company has already awarded a tender for supplies of the fuel in June and July and could seek more cargoes for later in the year, he said, without naming the seller.
Reuters
19-05-2025
- Business
- Reuters
Nigeria's Renaissance reports oil spill from illegal pipeline connection
YENAGOA, May 19 (Reuters) - Nigeria's Renaissance Africa Energy Co. Ltd has confirmed an illegal connection on its Okordia-Rumuekpe pipeline at Oshika community in Nigeria's coastal Rivers state caused a spill, the independent oil producer said on Monday. The company was immediately isolating the pipeline and stopping production to minimize potential environmental impact, a spokesperson said in a statement. It has informed government regulators and is coordinating a mandatory joint investigation. This probe, involving government and local community representatives, will determine the cause and impact of the incident, the company said. Monday's oil spill marks the second incident this month on the Okordia-Rumuekpe pipeline and the third across Renaissance's operations. Last Friday, the company, which now owns former Shell Nigeria onshore assets, halted production on a line feeding the Trans Niger oil pipeline, a crucial artery transporting crude from onshore fields to the Bonny export terminal, following an operational incident.
Wall Street Journal
08-05-2025
- Business
- Wall Street Journal
Conoco Cuts CapEx View on Volatile Economic Status
ConocoPhillips' COP 0.09%increase; green up pointing triangle first-quarter earnings rose slightly, but the oil driller reduced its capital-expenditure projection due to a volatile economic backdrop. The Houston oil producer posted earnings of $2.8 billion, or $2.23 a share, up from $2.6 billion, or $2.15 a share, a year earlier.
