U.S. President Likely to Limit Impact of New Iran Sanctions to Avoid Oil Price Rise
U.S. legislation to ramp up sanctions on Iran's oil sector is on track to become law as part of a foreign aid package, but Joe Biden could opt to avoid a stringent enforcement, according to DNB Markets.
Eni Boosts Buybacks Despite Disappointing First-Quarter
Eni reported first-quarter results that fell short of analysts' forecasts but said it would increase its share buybacks in 2024 to EUR1.6 billion.
Underground Thermal Energy Networks May Be About to Have Their Moment
These climate-friendly heating-and-cooling systems are drawing support from states, cities, utilities and developers.
One French Company's Lonely Struggle to Survive Fierce Competition From China
After China destroyed Europe's solar-panel industry, the continent struggles with an onslaught against other green sectors.
SLB Tops Revenue Expectations on International Strength
The oil-services company reports adjusted first-quarter earnings of 75 cents a share on revenue of $8.71 billion.
Water Facilities Warned to Improve Cybersecurity as Nation-State Hackers Pounce
The water sector is under pressure to improve cybersecurity protections as hacking threats grow.
The Push to Store Renewable Energy in Massive Salt Caverns
Renewable power is used to produce hydrogen, which is stored in underground caverns until it is needed for green energy.
Woodside Revenue Falls on Lower Prices, Volumes
Woodside Energy said weaker output and lower realized prices for its oil and natural gas drove a drop in sales revenue in its latest quarter.
BP to Simplify Structure, Trim Leadership Team
BP said the changes are part of a plan to turn it into an integrated energy company and invest more in low-carbon activities.
Santos's Oil, Natural Gas Output Fell 7% in First-Quarter
Santos said its oil and natural gas production fell by 7% in its latest quarter, after its operations were disrupted by bad weather and planned maintenance.
(END) Dow Jones Newswires
04-24-24 0715ET
