OMV to Reset Dividend Policy
The Austrian state-backed integrated energy company will implement a new dividend policy from 2026, when it expects to have consolidated its petrochemical assets with ADNOC.
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Philippines Awards 8 Oil, Hydrogen Exploration Licenses
The contracts, which include the world's first competitively awarded native hydrogen exploration licenses, went to companies from Australia, Israel, the Philippines, Singapore, the UK and the USA, according to the DOE.
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ADNOC Targets $43B Dividends over 6 Years from Subsidiaries
ADNOC's six publicly traded companies announced dividend plans for 2025-30 that would nearly double their dividend payments since ADNOC's first IPO for a subsidiary in 2017.
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ExxonMobil Agrees Terms to Explore Giant Iraqi Field
The Texas oil major signed agreements that lay the groundwork for it to explore the giant Majnoon oil field, ending the company's near two-year hiatus in Iraq.
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India Refiners May Buy More Russian Oil
Indian refiners are expected to boost oil imports from Russia in the coming months.
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Oil Rises on U.S. Stockpile Drop
Gains in equities and product stockpile declines offset bearish global supply forecasts.
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SLB, SBM Enter Into Exclusive Digital Alliance
'This exclusive alliance with SBM Offshore marks a pivotal moment in offshore assets production and recovery', Rakesh Jaggi, President, Digital and Integration, SLB, said.
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Cenovus Sweetens Offer for MEG
Canada's Cenovus Energy Inc. increased its takeover bid for rival MEG Energy Corp. one day before MEG investors were due to vote.
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LandBridge to Acquire Over 37,000 Acres in Delaware Basin
The transaction will increase the oil and gas-focused land management company's holdings to around 300,000 acres.
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Dallas Fed Survey Flags Theft in the Oil Field
41 percent of executives said their operations have been impacted by theft in the oil field in the past year, the Federal Reserve Bank of Dallas said in a Q3 Dallas Fed Energy Survey page posted on its site.