The midstreamer beat market expectations in its second-quarter 2025 earnings as LNG demand along the Gulf Coast increases.
Macro volatility and price uncertainty topped most discussions in first-quarter earnings calls as companies including Diamondback Energy, Occidental Petroleum and Coterra Energy reduce spending and rig counts.
Enbridge CEO Greg Ebel said the company remains committed to growing its natural gas network.
Occidental Petroleum’s cash flow improvements are expected as spending falls for projects, such as 1PointFive’s Stratos direct air capture, which will augment its ongoing oil and gas efficiency improvements.
The midstreamer beat market expectations in its second-quarter 2025 earnings as LNG demand along the Gulf Coast increases.
The profit of a consortium by oil producers Exxon Mobil, Hess and CNOOC in Guyana increased 64% last year to $10.4 billion, Exxon said on June 3, amid facility updates that allowed a sustained expansion of output.
Macro volatility and price uncertainty topped most discussions in first-quarter earnings calls as companies including Diamondback Energy, Occidental Petroleum and Coterra Energy reduce spending and rig counts.
Enbridge CEO Greg Ebel said the company remains committed to growing its natural gas network.
Occidental Petroleum’s cash flow improvements are expected as spending falls for projects, such as 1PointFive’s Stratos direct air capture, which will augment its ongoing oil and gas efficiency improvements.
Plains All American purchased midstream assets in Wyoming, the Permian Basin and alleviated NGL bottlenecks in Canada.
California Resources Corp.’s carbon management subsidiary Carbon TerraVault Holdings is targeting additional carbon capture and storage projects.
Ron Gusek, the CEO who succeeded the current U.S. secretary of energy Chris Wright, has thrived in uncertain times before and is confident about Liberty Energy’s position.
Gulfport Energy’s comment comes while neighbors Ascent Resources and Encino Energy are reportedly in play.
Williams Cos. has fully contracted its Socrates project, a two-site, gas-fired power generating development in Ohio, and plans more for the future.