Earnings , Gathering & Processing , Pipelines

Diverse Growth Strategies Key For Summit, Crestwood

By focusing on organic growth, Summit Midstream Partners and Crestwood Equity Partners’ futures look bright.

September 4, 2019

Earnings , Drilling

Borr Drilling Eyes Strong Earnings Growth As Market Improves

Borr Drilling has contracted several rigs at day rates at or above $100,000 per day over the last month, double prices seen in 2017, while its competitors have made similar deals.

August 29, 2019

Earnings , Exploration & Production

Canada's Whitecap Resources Cuts Capex, Cites Global Uncertainty

Oil and gas producer Whitecap Resources Inc. on Aug. 26 cut its capital spending plan by 17% for the second half of 2019 citing global economic uncertainty.

August 26, 2019


Santos First-Half Profit Soars On Higher Output, Quadrant Buy

Australia's No. 2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.

August 21, 2019


Woodside Petroleum’s Profit Falls On Pluto LNG Production Delay

Australia's largest oil and gas company, Woodside Petroleum, on Aug. 15 posted a smaller half-year profit and cut its interim dividend, mainly due to extended maintenance period at its Pluto LNG facility, which led to production delays.

August 14, 2019

Earnings , Acquisitions & Divestitures

Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide

Saudi Aramco reported a 12% fall in half-year net profit on Aug. 12, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.

August 12, 2019

Earnings , Exploration & Production

Marathon Oil’s Profit Jumps 50% On Higher US Shale Production

U.S. production at the company jumped 11.4% to 332,000 barrels of oil equivalent per day (boe/d) in the second quarter, while total production rose 3.8% to 435,000 boe/d.

August 8, 2019

Earnings , Unconventional

Diamondback Energy: ‘Converting Rock Into Cash Flow’

The company reported falling well costs in the Permian Basin as production increased.

August 7, 2019

Earnings , Exploration & Production

Devon Energy Raises Oil Output Forecast

The company recorded a 5% rise in prices for oil sold at $56.68 per barrel in the quarter due to better hedging and at a time when U.S. light crude prices averaged about 11.8% lower than a year earlier.

August 7, 2019

Earnings , Exploration & Production , Shale Plays

Chesapeake Energy Posts Bigger-than-expected Quarterly Loss

Natural gas makes up for a majority of Chesapeake Energy's production. But the company has been shifting its focus to oil production as gas prices have been pressured.

August 6, 2019