Earnings
Earnings
Kinder Morgan Expects Earnings To Decline In 2020
Pipeline operator Kinder Morgan Inc. on Dec. 5 said it expects core earnings to decline next year as it increases its dividend and uses proceeds from asset sales to pay down debt.
Earnings
Petrobras Shares Slip As Production Target Disappoints
Shares of Brazilian oil firm Petroleo Brasileiro SA slipped on Thursday after its oil and gas production outlook for next year disappointed analysts, despite ambitious long-term output forecasts in its new five-year strategic plan.
Earnings , Crude Oil
Pemex Sees Crude Production Dip 3% In October
Mexican national oil company Pemex produced nearly 3% less crude in October compared with the previous month, as the heavily indebted firm struggles to reverse a prolonged production slump.
Public Capital , Earnings , Exploration & Production
Tullow Oil Shares Sink With Production Outlook In Guyana
Tullow Oil's stock, which surged on the news from oil discoveries offshore Guyana, shed as much as 22% of its value on Nov. 13.
Public Capital , Earnings , Unconventional
US Frack Sand Suppliers Become Latest Casualties In Shale Slump
Companies that fracture wells are cutting workers and idling equipment.
Public Capital , Earnings , Deepwater
Miner BHP Taps Oil, Gas For Growth After Shale Exit
Last year, BHP ended a massive loss-making seven-year foray into shale by selling most of its U.S. onshore shale oil and gas assets to BP for $10.5 billion.
Earnings , Pipelines
Higher Crude Transportation Fuels Enbridge’s Profit Beat
The company said it expects several of its growth projects to be operational in 2019, including the $700-million Gray Oak pipeline.
Earnings , Unconventional
EOG Resources Adds Two Zones In Permian’s Delaware Basin
The company also reported Nov. 6 that oil production grew 12% to 464,100 barrels per day during third-quarter 2019.
Earnings , Unconventional , Shale Plays , Acquisitions & Divestitures
Marathon Oil Adds Eagle Ford Scale With $185 Million Bolt-On
Marathon Oil also unveiled a new Delaware Basin oil play with over 60,000 contiguous net acres in Ward and Winkler counties, Texas.
Earnings , Technology
Offshore Services Firm Subsea 7 Eyes 2020 Rebound, Shares Jump
Offshore services provider Subsea 7 cut its 2019 revenue outlook on Nov. 7 but predicted a rebound next year as demand for oilfield services and from renewable energy providers is set to increase, boosting its shares almost 6%.