TotalEnergies (NYSE: TTE) saw its first-quarter adjusted net income drop by 22% from a year ago, but the French supermajor’s adjusted earnings beat the consensus estimate. Stable oil prices and healthy refining margins failed to fully offset a decline in natural gas prices, but helped TotalEnergies beat analyst forecasts as it reported Q1 earnings on Friday. The company announced additional share buybacks and an increase in the first interim dividend for 2024. TotalEnergies posted an adjusted net income of $5.1 billion for the first…

26 de abril de 2024.- La petrolera española Repsol espera aumentar la producción de petróleo con la incorporación de dos campos de crudo, tras la firma de un acuerdo con la venezolana Petróleos de Venezuela S.A. (PDVSA). Según publicó Bloomberg, la empresa europea está exenta de las nuevas medida...

26 de abril de 2024.- En el marco de la Operación Escudo Bolivariano “Relámpago del Catatumbo 2024” #FANB emitió un alerta temprana operacional tras ser detectado por los sistemas de radares exploración de la Defensa Aeroespacial Integral, el ingreso subrepticio de un vector en vuelo irregular ingre...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 6 to 613 this week, compared to 755 rigs this same time last year. The number of oil rigs fell by 5 this week, after gaining 5 in the week prior. Oil rigs now stand at 506--down by 85 compared to this time last year. The number of gas rigs fell by 1 this week to 105, a loss of 56 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 2. Meanwhile,…

26 de abril de 2024.- En un necesario y emotivo acto, en consonancia con la memoria de lucha de nuestro pueblo, se recordó al fundador de la agencia cubana Prensa Latina, fraterno colaborador del Che y comandante guerrillero en Salta, Jorge Ricardo Masetti. La cita se dio en el Sindicato de Prensa d...

26 de abril de 2024.- El presidente de Colombia, Gustavo Petro, desmintió este día, que su Gobierno le exigirá pasaporte vigente a los migrantes venezolanos para entrar, transitar y permanecer en ese país. “Esto no es cierto. Mi gobierno no exigirá pasaporte a los migrantes venezolanos”, afirmó P...

As governments focus on developing their renewable energy capacity, many are overlooking a vital element to boosting clean energy security –energy waste management. Countries worldwide must fix their existing systems to ensure that energy is not lost in transit and use and that electricity grids are prepared for the influx of new clean energy projects expected over the coming decades.  The founder and chairman of the environmental non-profit organization Solar Impulse Foundation, Bertrand Piccard, is calling for greater focus on reducing…

The Hammerfest LNG export plant offshore Norway is expected to remain offline until Saturday, April 27, following a gas leak earlier this week, according to the latest data from gas infrastructure operator Gassco published on Friday.   The gas treatment plant at Equinor’s Hammerfest LNG, the only large-scale LNG export plant in Europe, was taken offline on Tuesday in an unplanned outage after a gas leak prompted evacuation at the facility. The current assessment provided by Gassco is that the LNG export plant will return online…

26 de abril de 2024.- Se conoció que la Corte Interamericana de Derechos Humanos (CIDH) solicitó el levantamiento de las sanciones por parte de Estados Unidos (EE.UU) contra Venezuela. Tal petición se hizo al recordar la visita que realizó en el año 2021, la relatora de la ONU, Alena Douhan, sob...

26 de abril de 2024.- En todo Estados Unidos se han instalado decenas de campamentos en solidaridad con Gaza. Los estudiantes exigen el fin del genocidio, que sus instituciones se deshagan de Israel y amnistía para todos aquellos que hablan a favor de Palestina. Hoy, la universidad ...

Just days after the Biden administration signed a new military aid package worth billions of dollars to Ukraine, Kyiv launched a series of suicide drone attacks on Russian oil refineries. Biden's top officials have pleaded with Kyiv to stop attacks on Russia's energy infrastructure because of the fears that turmoil in crude markets would send pump prices in the US higher ahead of the presidential elections in November.  "Our region is again under attack by Ukrainian UAVs," Smolensk Governor Vasily…

26 de abril de 2024.- Decenas de estudiantes bloquearon este día el acceso a la prestigiosa Universidad de Ciencias Políticas de París para protestar contra la guerra en Gaza. Los activistas exigen que la institución condene las hostilidades en curso del Ejército israelí en el enclave palestino. Ent...

26 de abril de 2024.- El Instituto Nacional de Meteorología e Hidrología (Inameh), en su reporte matutino, detalló que para este viernes se mantienen condiciones de tiempo estables en buena parte del territorio nacional, al prevalecer cielos con escasa nubosidad y despejado. Sin embargo, se estim...

Chevron Corporation (NYSE: CVX) booked slightly higher earnings for the first quarter than analysts had expected, thanks to higher oil and gas production that offset part of the weaker refined product margins and low natural gas prices. Chevron reported on Friday earnings of $5.5 billion, or $2.97 per share, for the first quarter of 2024, down from $6.6 billion, or $3.46 per share, for the first quarter last year.   Analysts had expected earnings per share of $2.92 for January to March 2024. The annual drop in Q1 earnings…

Oil prices are set to post a gain this week as a combination of inventory declines, a slowdown in U.S. manufacturing, and escalating tensions in the Middle East boost bullish sentiment. Friday, April 26th 2024Even if headed towards the first weekly gain since early April, oil prices have so far failed to break out above the psychologically important $90 per barrel mark. A higher-than-expected draw in US crude inventories, a notable slowdown in US manufacturing that sparked hopes of a June interest rate cut, and continuing tensions in…

1. BHP-Anglo Merger Could Create World’s Largest Copper Miner - The global mining sector might see a whirlwind of M&A activity over the upcoming weeks should the world’s largest miner BHP Group succeed in taking over Anglo American, its UK-based peer. - Potentially creating the world’s largest copper mining company, BHP’s power move is conditional upon AngloAmerican first splitting off its South African platinum and iron ore units. - AngloAmerican shareholders, with the company currently boasting a $34 billion…

June West Texas Intermediate (WTI) crude oil futures have experienced significant volatility this week, ultimately poised to close higher following a late-week recovery. This recovery was significantly influenced by positive economic remarks from U.S. Treasury Secretary Janet Yellen, which countered earlier market fears driven by economic data and geopolitical developments. Economic Weakness and Market Sentiments Throughout the week, oil markets were beleaguered by concerns over a slowing economy exacerbated by persistently high interest rates.…

Politics, Geopolitics & Conflict The UN envoy for Libya, Abdoulaye Bathily, has resigned from his post, slamming the country’s rival parties and external meddlers for making it impossible to work toward elections and political stability. Bathily sees further instability on the horizon in Libya. He also struck out against dangerous external actors who are meddling in other countries from Libya. While Bathily’s resignation is not hugely significant, the reasons for it are, and his absence is likely to lead to an uptick in destabilizing…

By the time you read this, it is likely that the two largest American oil companies, Exxon Mobil (XOM) and Chevron (CVX), will have reported their calendar Q1 results, due out on Friday morning. We cannot know at this point exactly what they will say, but based on analysts’ estimates we can be pretty sure that both will report EPS that is significantly less than they showed in the same quarter last year. That is a dynamic that is expected to apply to most of the energy sector, and yet, as this chart for the SPDR Energy sector ETF (XLE) shows,…

Europe is on edge, more so now that the U.S. has approved a $61-billion aid package to Ukraine after much stalling. The spy dens of the Cold War are back in operation, and the propaganda machines are running in full force, far beyond anything the Cold War could have produced and spread. Germany has detained two suspected Russian spies for allegedly planning to sabotage U.S. military facilities there. Germany has also arrested four others for spying for China. One of those arrested was tied to the top candidate for European elections in June for…