Exxon and Qatar Petroleum plan 15 MTPA facility By Richard Rostad, analyst, Oil & Gas 360 The list of upcoming U.S. LNG export projects just expanded, as ExxonMobil and Qatar Petroleum announced FID on a new terminal. The companies have approved the Golden Pass LNG export project, located in Sabine Pass. The facility will have 15.6 MTPA of capacity, putting
From Pittsburgh Business Times Activist shareholders Toby Rice and Derek Rice, locked in a public battle for control of EQT Corp. laid out in greater detail their plans for the Pittsburgh-based driller. The Rices claimed EQT’s management and board failed in vision, design and execution. The Rice brothers, shareholders of EQT (NYSE: EQT) after Rice Energy’s acquisition in 2017, said they went public
Sempra Energy’s IEnova Unit To Report Fourth-Quarter 2018 Earnings Feb. 20
Suncor Energy declares increased dividend and announces additional stock buyback program
Atmos Energy Corporation Reports Earnings for Fiscal 2019 First Quarter; Reaffirms Fiscal 2019 Guidance
Atmos Energy Declares Regular Quarterly Dividend
From Reuters New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business. Central to this new strategy are efforts to find an ally earlier in the process of discovering new fields, and on a larger scale, in order to save money as budgets
From Bloomberg U.S. oil refiners won’t be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the Latin American nation. U.S. Treasury Department officials have informed some companies that previously contracted cargoes won’t be exempt from a new rule blocking payments to Venezuela’s PDVSA, according to two people familiar with the matter. The
From Bloomberg Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years. While U.S. sanctions on Venezuela threaten to accelerate an already steep slide in production, neighboring Guyana’s output is poised to reach 750,000 barrels a day by 2025, according to an estimate from Exxon Mobil Corp. The oil major has partnered with Hess Corp. and
Southwestern Energy Announces 2019 Guidance
From The Wall Street Journal BP PLC tripled its annual earnings and swung to a fourth-quarter profit on increased output and higher crude prices, in line with other major oil companies that registered boosts on their balance sheets last year. The U.K. energy company said Tuesday that it recorded a $2.7 billion replacement-cost profit—a measure akin to the net income
From The Wall Street Journal Saudi Arabia and its Persian Gulf allies are backing a formal partnership with a 10-nation group led by Russia to try to manage the global oil market, according to OPEC officials, in an alliance that would transform the cartel. The move, which some OPEC officials say would help put a floor on oil prices, comes
