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Shell expects to have booked “significantly lower” trading and optimization results for the second quarter compared to the prior quarter, while it also slightly reduced the range of its naturalgas and LNG production for the April-June period.
Strong demand for naturalgas-related services helped Baker Hughes beat expectations for its financial performance in the second quarter of the year, as the company boasted a record order backlog for the period in its Industrial and Energy Technology segment.
BP’s gas and low carbon energy segment is seen posting realizations up to $300 million lower versus the prior quarter, including changes in non-Henry Hub naturalgas marker prices. The gas marketing and trading result is expected to be average, BP said, but noted that the “The oil trading result is expected to be strong.”
The Challenges of Forecasting for ERCOT ERCOT’s power grid operates in a deregulated market with a diverse energy mix, including significant contributions from wind, solar, and traditional sources like naturalgas and nuclear. Are you ready to take your power trading skills to the next level?
The online platform allows EU buyers to offer demand for biomethane, naturalgas, hydrogen and raw materials. The two other mechanisms under the platform - the Gas Mechanism and the Raw Materials Mechanism - will launch “in the coming months”, the Directorate’s statement said. billion cubic feet).
The region increasingly depends on global flows after losing most of its Russian pipeline gas in 2022. With Norwegian production operating pretty much at full capacity, Europe still needs to secure supplies as it awaits the startup of additional liquefied naturalgas export facilities in the US. conference in London Tuesday.
Norwegian equity naturalgas production and equity liquids production averaged 704,000 boed and 655,000 boed respectively. Equinor booked $955 million in impairments from its offshore wind assets in the U.S. Net income before adjustment for nonrecurring items was $1.32 billion, down 30 percent year-on-year. Equinor logged 2.1
Past Energy Transition and Emerging Technology sessions have featured innovations in geothermal, lithium, solar, helium, renewable naturalgas, carbon capture, and even robotics. Please book rooms under the EnerCom Denver block. We encourage attendees to book their reservations as soon as possible, as rooms sell out.
billion in the same period of last year and net income slid to $124 million from $216 million even though the company booked a $104 million gain on derivatives. Word of Doyle’s exit and the planned DJ divestitures came after a second quarter in which Civitas averaged 149,000 b/d of oil production and 317,000 boe/d of total production.
investors seeking investment opportunities in early-stage European appraisal and development projects, and access more broadly to the European naturalgas market. “With our Kiskunhalas Project advancing in Hungary, we see a strong alignment with U.S.
Subsea Services inbound was particularly robust, representing one of the highest quarterly levels ever achieved” “The uniqueness and diversity of our order book give us continued confidence that we will reach our three-year goal of $30 billion of Subsea inbound by the end of this year”, Pferdehirt added.
As an Energy Developer, Solestiss accelerates access to baseload power while mitigating budget risks by leveraging nuclear and energy infrastructure expertise and naturalgas solutions to drive project success. Please book rooms under the EnerCom Denver block. Venue: Westin Denver Downtown.
Phase one development of Northern Lights is completed, fully booked and ready to receive CO2 from industrial customers, and operations are scheduled to begin in the second half, according to the release.
Brent Crude $69.28 -0.35% NaturalGas $3.57 +0.65% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Germany's Top Performing Smallcap Surges Again by Bloomberg | Isolde MacDonogh | Friday, July 18, 2025 | 2:00 PM EST A breakneck rally in the shares of a German pipeline builder accelerated this week.
“The Commonwealth LNG project is proceeding with significant momentum from recently announced long-term binding LNG offtake agreements with top-tier global purchasers, including Glencore, JERA and PETRONAS, and line of sight toward finalizing its commercial book in the near term”, Commonwealth added.
0% Brent Crude $66.59 +0.24% NaturalGas $2.99 -2.51% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Glencore Shakes Up Trading Team by Bloomberg | Jack Farchy | Saturday, August 09, 2025 | 8:00 AM EST The head of Glencore Plc's huge coal-trading operation is leaving.
“OPEC+[’s] weekend move to increase output by 547,000 barrels was well telegraphed and discounted, so the early decline spoke more to liquidity conditions and a thinned order book dynamic and a maintenance of positioning from Asia-based traders,” he continued.
Some shipowners are reluctant to accept bookings in the region, citing safety concerns. Navigation signals in the Strait of Hormuz and the Persian Gulf are facing increasing interference at a level and intensity that is having a significant impact on positional reporting, the UK Navy said.
Revenue for the Richmond, Virginia-based regulated power and naturalgas provider rose from $3.49 million homes and businesses in Virginia, North Carolina and South Carolina, and regulated naturalgas service to 500,000 customers in South Carolina, according to the company. billion for Q2 2024 to $3.81
which owns and operates modern very large gas carriers, reported a net income of $10.1 Our bookings for the current quarter are at strong rates, supporting our positive outlook, which is rooted in our confidence in the resilience and the fundamentals of the LPG trade”, John C. million for the first quarter of fiscal year 2026.
Meanwhile Covestro continues to book losses. Last week it reported a second-quarter net loss of EUR 59 million, EBITDA of EUR 270 million, negative free operating cash flow of EUR 228 million and group sales of EUR 3.4 billion.
The refiners have now almost completed their monthly cycle of booking Russia’s Urals cargoes for September loading and aren’t buying more pending clarification from the government, according to separate people familiar with the matter, who asked not to be identified because they’re not authorized to speak to the media.
TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied naturalgas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit
The company booked adjusted earnings of US$1.58 Last year, Enbridge struck a deal to buy three naturalgas utilities in the United States from Dominion Energy for a total consideration of $14 billion. The expansion of Enbridges gas business also paid off in the first quarter of the year. billion (C$2.2
Exxons earnings in the upstream segment could be up to $900 million higher in the first quarter compared to the fourth quarter of 2024, due to higher oil and gas prices and timing effects, the supermajor said in an SEC filing. Analysts in The Wall Street Journal consensus forecast expect Exxon to book earnings per share of $1.72
This may be the best time ever to be a manufacturer of naturalgas turbines. seems poised for a sharp increase in power demand in the coming years and order books are filling up, but its not all smooth sailing and significant headwinds remain.
TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied naturalgas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit
Now, while BP has made no special mention of naturalgas as a focus for its strategy, the overall shift in targets to refocus on the core business speaks volumes, and these volumes are not in favor of switching from hydrocarbons to electricity. Now, Shell is focusing on gas.
SAKHALIN-2 OIL AND GAS AND LNG PROJECT Kremlin-controlled energy giant Gazprom (MCX: GAZP ) in 2024 acquired a 27.5% stake, formerly owned by Shell, in Russian liquefied naturalgas (LNG) producer Sakhalin Energy for around $1 billion, according to a government order. The book value of those assets was 1.7
New reprocessed seismic over the Carnduff area facilitated selection of the location, and we have more than 60 incremental net booked locations in this region. Saturn intends to continue using seismic to select further locations, which we believe will contribute increased value to our booked inventory. GJ to $3.35/GJ.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant naturalgas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
Larrys deep understanding of Williams operations and naturalgas focused strategy make him the ideal candidate for our next COO, said Williams President and CEOAlan Armstrong. An ASSP member since 1989, she has authored several books. Larsen replacesMicheal Dunn, who was to retire. Steven Williams Enbridge Inc.
China is significantly increasing its LNG import capacity and aims to add piped gas connections for 150mn people by 2030 to meet increasing demand. India is also moving ahead with building naturalgas infrastructure and connecting 30mn people over the next five years.
30 earnings release, Shell revealed plans to book a noncash post-tax impairment of $1.5 Liquefied naturalgas (LNG) volumes are forecasted to range between 6.8 For upstream productioncovering crude oil and naturalgas extractionShell expects output of 1.79 billion in the third quarter. billion to $3.0 million to 1.89
a $200 million profit in 3Q) after booking $1.5 Focused capital on high-return hydrocarbon ventures such as Kaskida in the Gulf of America (aiming for 80,000 barrels of oil per day by 2029) and Tangguh UCC in Indonesia (the countrys first at-scale enhanced gas recovery with CCUS). Cash Flow from Operations 4Q 2024 : $7.43
Editor's Reflections: A Swedish Nightmare Its name is —Recep Tayyip Erdoğan— Any political decision that involves the gift of a NaturalGas Hub has significant weight. Image: Germán & Co Maybe this Swedish nightmare should have the same name as Gabriel García Marquez's book: "Chronicles of a death foretold.”
2024 is almost in the books! The pipeline will provide much-needed transportation capacity out of the Permian Basin to serve growing naturalgas demand. As we wind down the remaining days until the New Year, lets take a look back at some of the highlights of 2024. JANUARY Sunoco LP Acquired NuStar Energy L.P.
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