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Earnings
Earnings , Construction , Pipelines
TC Energy Sees Higher Costs for Coastal Gaslink Pipeline in 2023
Long-delayed natural gas pipeline’s costs to exceed current $7 billion estimate, company says.
November 29, 2022
Business , Earnings
BP Foresees Lower 4Q Production but Higher Commodity Prices
BP expects its production to slip slightly in the fourth quarter of 2022 but foresees a pricing environment that supports higher oil and gas realizations owing to Russian supply issues.
November 11, 2022
Earnings , Exploration & Production
Ecopetrol Eyes Suspension of Fracking Pilots with Exxon Mobil, Higher Output Next Year
Colombia’s oil giant Ecopetrol is taking steps to decelerate plans related to two fracking pilots with Exxon Mobil owing to opposition from President Gustavo Petro but continues to eye low single-digit production growth next year amid positive results at home and in the Permian Basin.
November 10, 2022
Earnings , Gathering & Processing
Citgo Petroleum Reports $477 Million Third Quarter Profit
In the third quarter of 2022, Citgo Petroleum's three refineries processed a combined total of 780,000 bbl/d and exported 196,000 bbl/d of refined products.
November 10, 2022
Earnings , Unconventional , Shale Plays
YPF Eyes Ambitious Capex Plan Driven by Vaca Muerta Operations
YPF, which set up a $4 billion capex plan for 2022, is still working on next year’s budget, CFO Alejandro Lew told investors on a call to discuss third-quarter results
November 10, 2022
Earnings , Energy Transition , Shale Plays
Occidental’s Permian Basin DAC Project Takes a Hit from Inflation
Despite hurdles, Occidental Petroleum on Nov. 9 expanded future plans for direct air capture (DAC). Government incentives and the passage of the Inflation Reduction Act into law allow it to plan 100 DAC facilities by 2035, from 70 before, CEO Vicki Hollub said.
November 9, 2022
Earnings , International , Pipelines
Germany’s E.ON Almost Fully Cuts Value of Nord Stream 1 Stake
“Among the reasons for this are greater uncertainty amid the current situation and, since September 26, damage to both of Nord Stream 1’s pipelines whose cause is as yet unclarified,” said E.ON, Europe’s biggest operator of energy networks.
November 9, 2022
Earnings , Midstream
TotalEnergies Eyes Strong Refining Margins
France’s TotalEnergies SE said a ban on imports of Russian petroleum products will keep refining margins strong, while gas prices should remain robust amid Europe’s need to import LNG to replace Russian gas.
November 9, 2022
Earnings , Transactions , Pipelines
Pipeline Operator TC Energy Posts Higher Profits, Looks to Sell Assets
TC Energy plans to sell off assets and minority interests to generate over C$5 billion through 2023, according to the company's CEO.
November 9, 2022
Earnings , Exploration & Production , Shale Plays
Occidental Petroleum Q3 Profit Surges from a Year Ago on High Oil Prices
Production in the U.S. Permian Basin of 523,000 boe/d came at the lower end of Occidental Petroleum’s guidance.
November 8, 2022