mark

Lukoil Operations Face Fallout From Trump Sanctions, Gunvor Drops Bid

CDN and International News, Conventional Energy, Latest, Oil / By

By Vladimir Soldatkin and Anna Hirtenstein Gunvor withdrew its bid for Lukoil’s foreign assets on Thursday Moldova requests exemption from US sanctions Finland’s Teboil, owned by Lukoil, is running out of fuel MOSCOW/LONDON, Nov 7 (Reuters) – Lukoil’s international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business …

Lukoil Operations Face Fallout From Trump Sanctions, Gunvor Drops Bid Read More »

Enbridge Reports Q3 Profit and Revenue Down From Year Ago

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Pipelines, US News / By

  Enbridge  missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending its shares down nearly 2% in premarket trading. The Calgary-based pipeline operator had bought three Dominion Energy utilities last year — East Ohio Gas, Questar Gas and Public Service Co of North Carolina — in …

Enbridge Reports Q3 Profit and Revenue Down From Year Ago Read More »

HSBC Says Oil, Gas Deals to Drop ‘Materially’ in Energy Mix

Conventional Energy, Latest, Oil, US News / By

By Alastair Marsh Offshore oil and gas platforms. Photographer: Tim Rue/Bloomberg HSBC Holdings Plc is expecting oil and gas deals to make up a smaller part of its energy portfolio, as renewables look to be the preferred way to feed data centers powering artificial intelligence. Finance for fossil fuels will likely rise in absolute terms, …

HSBC Says Oil, Gas Deals to Drop ‘Materially’ in Energy Mix Read More »

ConocoPhillips Raises Willow Cost to $9 Billion Citing Inflation

Energy Topics & Technology, Exploration & Production, Latest, US News / By

By David Wethe ConocoPhillips raised its total spending plans for the Willow oil and natural gas project in Alaska to as much as $9 billion, citing inflation and other rising costs. The Houston oil giant, which initially estimated that its spending on the North Slope project was in the range of $7 billion to $7.5 …

ConocoPhillips Raises Willow Cost to $9 Billion Citing Inflation Read More »

ConocoPhillips Lifts Dividend, Raises Output Forecast After Profit Beat

Latest, US News / By

By Arunima Kumar Nov 6 (Reuters) – ConocoPhillips (COP.N) raised its quarterly dividend and full-year production forecast on Thursday, after posting third-quarter earnings above estimates thanks to higher output and lower costs that offset weaker oil prices. The company’s push to streamline operations and cut costs, including more than $1 billion in expected savings from …

ConocoPhillips Lifts Dividend, Raises Output Forecast After Profit Beat Read More »

ConocoPhillips announces third-quarter 2025 results; increases quarterly ordinary dividend by 8% and announces preliminary 2026 guidance

Latest, Press Releases / By

Reported third-quarter 2025 earnings per share of $1.38 and adjusted earnings per share of $1.61. Generated cash provided by operating activities of $5.9 billion and cash from operations (CFO) of $5.4 billion. Raised ordinary dividend by 8% to $0.84 per share. Raised full-year 2025 production guidance to 2.375 MMBOED and further reduced operating cost guidance …

ConocoPhillips announces third-quarter 2025 results; increases quarterly ordinary dividend by 8% and announces preliminary 2026 guidance Read More »

Oil Edges Up as Glut Fears Ease Despite Weak Demand

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices regained a little ground on Thursday, buoyed by easing concerns over a potential supply glut as sanctions on Russian companies begin to bite. Having closed the previous session at two-week lows, Brent crude futures gained 35 cents, or 0.6%, to $63.87 a barrel by 1120 GMT while U.S. West Texas Intermediate …

Oil Edges Up as Glut Fears Ease Despite Weak Demand Read More »

Energy Transfer Will Not Greenlight Lake Charles LNG Project Before 80% Sold to Equity Partners

Conventional Energy, Latest, LNG, US News / By

U.S. pipeline operator Energy Transfer will not give its Lake Charles liquefied natural gas export facility in Louisiana a financial go ahead until 80% of the project has been sold to equity partners, company executives said on Wednesday on a post-earnings call. Energy Transfer has been developing the 16.5 million metric tonnes per annum LNG …

Energy Transfer Will Not Greenlight Lake Charles LNG Project Before 80% Sold to Equity Partners Read More »

Oil Producers Need to Step Up Drilling to Sustain Output, EIA Says

Conventional Energy, Latest, Oil, US News / By

HOUSTON, Nov 5 (Reuters) – Oil and gas producers will need to step up drilling to sustain or increase output due to rapid declines in production from existing wells, the U.S. Energy Information Administration said on Tuesday. WHY IT MATTERS The U.S. is the world’s largest producer, with oil production touching a record 13.8 million …

Oil Producers Need to Step Up Drilling to Sustain Output, EIA Says Read More »

US Crude Production Hits Record High for Second Week in a Row, EIA Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. field production of crude oil rose to a record high for a second week in a row last week, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday. EIA said output reached 13.651 million barrels per day (bpd) during the week ended October 31, topping the …

US Crude Production Hits Record High for Second Week in a Row, EIA Says Read More »

Subscribe
Subscribe