Enbridge Quarterly Profit Beats Estimates On Higher Crude Shipments
Enbridge has been working on replacement works on its massive Line 3 pipeline, running from Alberta to Wisconsin, to restore its capacity to 760,000 bbl/d.
February 15, 2019
Earnings
Eni Beats Expectations As Quarterly Profit Jumps 55%
Italian oil company Eni beat expectations with a 55% jump in fourth quarter profit as higher prices, mainly gas, offset a dip in production.
February 15, 2019
Keystone Operator TransCanada Profit Beats On Higher Pipeline Demand
TransCanada's earnings from its liquids pipelines came in at $399.49 million compared with a loss of $699 million a year earlier.
February 14, 2019
Pioneer Natural Resources Reports Fourth-Quarter Profit Down
U.S. shale producer Pioneer Natural Resources, which operates in the Permian Basin, reported adjusted profit in the fourth quarter down year-over-year.
February 13, 2019
Marathon Oil Beats Profit Estimates On Higher US Production
Marathon Oil beat analysts' estimates for fourth-quarter profit, on the back of higher oil production at its U.S. shale assets.
February 13, 2019
Tullow Oil Returns To Net Profit, Resumes Dividend
Tullow made a post-tax profit of $85 million on $1.9 billion in revenue last year, buoyed by higher oil prices and cost discipline.
February 13, 2019
Oil Sands Producer Cenovus Energy Posts Wider Quarterly Loss
Cenovus Energy's quarterly loss widened, but the oil sands producer said the impact of output cuts will be more than offset by an improvement in Canadian crude prices this year.
February 13, 2019
Occidental Petroleum Profit Beats On Permian Basin Strength
Production from Occidental Petroleum's Permian Basin unit rose 57% to 250,000 boe/d in the fourth quarter, boosted by its investments in the basin.
February 12, 2019
Kvaerner Surprises With First Dividend Since 2015, Shares Jump
The company said it expected to compete for contracts worth 30-50 billion Norwegian crowns (US$3.5-$5.7 billion) over the next five years, with larger deals likely in 2020 and 2021.
February 12, 2019
Algeria Energy Revenues Up 15% In 2018, Trade Deficit Down
Algeria's energy earnings rose 15.27% in 2018 from the previous year due to higher global oil prices, the government said on Feb. 9.
February 9, 2019