Earnings , Pipelines

Enbridge Sees Higher 2020 Core Earnings, Distributable Cash Flow

Company plans to apply for contracting approval for Mainline system by year-end.

December 10, 2019


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.

December 5, 2019


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.

November 28, 2019

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.

November 25, 2019

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.

November 13, 2019

Public Capital , Earnings , Unconventional

US Frack Sand Suppliers Become Latest Casualties In Shale Slump

Companies that fracture wells are cutting workers and idling equipment.

November 11, 2019

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.

November 11, 2019

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.

November 8, 2019

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.

November 7, 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.

November 7, 2019