U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.
By the end of 2019, Noble Energy's U.S. land business will underpin production growth of 5% to 10% per year, said CEO David Stover in a statement on Feb. 19.
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.
Italian oil company Eni beat expectations with a 55% jump in fourth quarter profit as higher prices, mainly gas, offset a dip in production.
TransCanada's earnings from its liquids pipelines came in at $399.49 million compared with a loss of $699 million a year earlier.
U.S. shale producer Pioneer Natural Resources, which operates in the Permian Basin, reported adjusted profit in the fourth quarter down year-over-year.
Marathon Oil beat analysts' estimates for fourth-quarter profit, on the back of higher oil production at its U.S. shale assets.
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.
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.
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.
