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Eni speeds up share buyback, reveals $1.62bn Q2 2024 net profit  

Energy giant Eni recorded adjusted earnings before interest and taxes (EBIT) of €4.1bn ($4.45bn) in the second quarter (Q2) of 2024.

Latest news

Next US president will struggle to boost domestic oil supply, says Goldman Sachs

Kamala Harris is almost certain to be the Democratic candidate, while Donald Trump has already accepted the Republican nomination.

Oil tanker with 1,500,000 litres of fuel sinks in the Philippines

The MT Terra Nova was scheduled to arrive at the port city of Iloilo when it sank.

OPEC receives overproduction compensation plans from Russia, Kazakhstan and Iraq

The OPEC and OPEC+ member countries have submitted compensation proposals related to their output levels in the first half (H1) of 2024.

Citi and Evercore lead M&A financial advisers list for oil and gas sector in H1 2024 

As per the analysis of GlobalData’s Deals Database, Citi advised on deals valued at $48bn. 

GA Drilling partners Petrobras to enhance drilling efficiency  

This initiative is expected to enhance well construction by reducing costs and risks in challenging drilling environments. 

ExxonMobil signs CO₂ capture and storage deal with CF Industries 

The project will see Exxon transport and permanently store up to 500,000 tonnes per annum (tpa) of CO₂. 

Occidental Petroleum nears $1bn Barilla Draw assets sale to Permian Resources 

This move is part of Occidental's broader strategy to reduce its debt, which exceeded $18bn at the end of the first quarter (Q1).