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Decarbonisation appears to be a longer process than expected even a year ago, with major oil and gas producers sounding more confident about maintaining their core business in decades to come and more sceptical about the economics and technological progress required for energy transition.
China’s largest oil refining company China Petroleum & Chemical Corp. aka Sinopec, recorded a 13% decline in its 2024 profits due to lower oil and gas prices
Sinopec has reported a net profit attributable to its shareholders of 58.31bn yuan ($8.09bn) for the year 2023.
Bloomberg and staff reporter PetroChina's (0857) net profits rose by 8 percent yearly to 161 billion yuan (HK$174.6 billion), hitting a new ...
DUBAI (Reuters) - The main pipeline carrying oil from South Sudan through Sudan for export has been suffering stoppages since last month due to problems linked to the war between Sudan's army and the Rapid Support Forces (RSF), according to three S...