Long-delayed natural gas pipeline’s costs to exceed current $7 billion estimate, company says.
BP expects its production to slip slightly in the fourth quarter of 2022 but foresees a pricing environment that supports higher oil and gas realizations owing to Russian supply issues.
Colombia’s oil giant Ecopetrol is taking steps to decelerate plans related to two fracking pilots with Exxon Mobil owing to opposition from President Gustavo Petro but continues to eye low single-digit production growth next year amid positive results at home and in the Permian Basin.
In the third quarter of 2022, Citgo Petroleum's three refineries processed a combined total of 780,000 bbl/d and exported 196,000 bbl/d of refined products.
YPF, which set up a $4 billion capex plan for 2022, is still working on next year’s budget, CFO Alejandro Lew told investors on a call to discuss third-quarter results
Despite hurdles, Occidental Petroleum on Nov. 9 expanded future plans for direct air capture (DAC). Government incentives and the passage of the Inflation Reduction Act into law allow it to plan 100 DAC facilities by 2035, from 70 before, CEO Vicki Hollub said.
“Among the reasons for this are greater uncertainty amid the current situation and, since September 26, damage to both of Nord Stream 1’s pipelines whose cause is as yet unclarified,” said E.ON, Europe’s biggest operator of energy networks.
TC Energy plans to sell off assets and minority interests to generate over C$5 billion through 2023, according to the company's CEO.
Production in the U.S. Permian Basin of 523,000 boe/d came at the lower end of Occidental Petroleum’s guidance.