- Follow Us
Search
Earnings
Earnings , Mergers
Beach Energy Results Disappoint; M&A Sought in Australia, New Zealand
As its shares tumble 13%, CEO says Beach is holding its capital in pursuit of acquisitions.
August 15, 2022
Earnings , Energy Transition
Orsted Raises 2022 Outlook as Poor Quarter Hits Shares
European power crunch will likely lead to hike in EBITDA.
August 11, 2022
Earnings , Energy Transition
Ecopetrol Committed to Long-term $2.5 Billion Hydrogen Strategy
The decarbonization plan of Ecopetrol, Colombia’s largest oil and gas producer, includes a commitment to produce 1 million tonnes per annum of green, blue and white hydrogen by 2040.
August 9, 2022
Earnings , Shale Plays , Joint Ventures
Occidental Petroleum Extends Permian Basin JV through 2025
Occidental President and CEO Vicki Hollub said, among record earnings results, Oxy would extend its Permian JV with Ecopetrol in the Midland and Delaware basins to encompass 20,000 net acres.
August 7, 2022
Earnings , Exploration & Production , Shale Plays
EOG Resources Sticks to 4% Annual Output Growth
“Oilfield service capacity remains extremely tight and is further constrained by the limited availability of materials and experienced labor,” EOG Resources COO Billy Helms told investors.
August 5, 2022
Public Capital , Earnings , Exploration & Production
APA Aims to Reward Shareholders Over 50% of Free Cash Flow by Year-end
APA Corp. eyes returning at least $1.8 billion of its capital to shareholders through dividends and share buybacks by year-end while also lowering its production guidance for 2022 by 2%.
August 5, 2022
Public Capital , Earnings , Exploration & Production
ConocoPhillips Forecasts Low, Single-digit Oil Production Growth
“We have a lot of capacity in the gas space, both LNG and natural gas,” CEO Ryan Lance added, “and we wanted to augment that with additional LNG liquefaction capacity.”
August 5, 2022
Public Capital , Earnings , Acquisitions & Divestitures
Suncor Energy Quarterly Profit Surges, Plans to Divest Assets
Suncor, Canada’s third-largest oil producer, said it has signed a deal to divest its Norway assets for about $410 million, and has also begun a sale process for its entire U.K. business after receiving interest.
August 5, 2022
Public Capital , Earnings , Shale Plays
ConocoPhillips Sweetens Shareholder Returns by $5 Billion as Profit Jumps
Houston-based ConocoPhillips said the average price received for a barrel of oil and gas rose 77% from a year earlier to $88.57. The company has not hedged any of its oil and gas sales to make the most of higher market prices, it said.
August 4, 2022
Earnings , Shale Plays , Pipelines
Plains All American Raises Outlook on Higher Oil Volumes
Average daily crude oil volumes in the second quarter rose 30% on its Permian Basin pipelines, Plains All American said, with oilfield activity trending about 10% above its initial expectations.
August 4, 2022