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Shell Expects Weaker Trading and Lower Natural Gas Output in Q2

OilPrice

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 natural gas and LNG production for the April-June period.

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Natural Gas Helps Baker Hughes Outperform Expectations in Q2

OilPrice

Strong demand for natural gas-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.

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BP sees lower oil prices denting Q2 profit

Oil & Gas 360º

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 natural gas 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.”

Oil
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Revolutionizing ERCOT Power Grid Forecasting with Enverus New Model

Enverus

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 natural gas and nuclear. Are you ready to take your power trading skills to the next level?

E&P
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EU Commission Launches Matchmaking Platform for Energy, Materials Sourcing

Rigzone

The online platform allows EU buyers to offer demand for biomethane, natural gas, 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).

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Germany's SEFE Strikes 10-Year Deal for Gas From Azerbaijan

Rigzone

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 natural gas export facilities in the US. conference in London Tuesday.

Gas
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Equinor Q2 Profit Down YoY on Lower Liquids Prices

Rigzone

Norwegian equity natural gas 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