EOG Resources on Thursday topped Wall Street's third-quarter profit and revenue estimates on record oil production, and raised its spending outlook for the full year.Spurred by higher crude prices and advances in hydraulic fracturing, U.S. producers have hit records nearly every month this year…
Canadian drilling activity will fall 5 percent in 2019, as deep price discounts discourage production, an industry group forecast on Thursday.Canadian oil producers are collecting prices that are much lower than the U.S. benchmark due to severe pipeline bottlenecks…
Angola's liquefied natural gas (LNG) export plant has offered to sell a cargo for delivery into Asia in December, two industry sources said on Friday.Bids are due by Nov. 6, and are to remain valid until Nov. 7, one of them said.(Reporting by Jessica Jaganathan, Editing by Sherry Jacob-Phillips)
U.S. utility Duke Energy Corp reported a better-than-expected quarterly profit on Friday, helped by higher demand in its electric utilities and infrastructure business.Operating revenue from that unit, which accounts for the bulk of Duke's overall business…
Enbridge Inc, Canada's largest pipeline operator, topped analysts' estimates for quarterly profit on Friday, as the company transported more oil on its Mainline system that runs from western Canada to the United States.The company said it moved 2…
Germany is on track to produce enough green power to cover nearly 38 percent of its electricity consumption this year, up from about 36 percent in 2017, energy industry group BDEW and research institute ZSW said on Friday.Their forecast was…
The United States said on Friday it will temporarily spare eight jurisdictions from U.S. Iran-related sanctions, allowing them to keep importing Iranian oil after U.S. economic penalties come back into effect on Monday.U.S. Secretary of State Mike Pompeo…
First power from the floating wind farm project offshore Kincardineshire, Scotland began flowing in September, clearing the way for the full 50 MW build-out of the project by 2020, Kincardine Offshore Windfarm Ltd. (KOWL) confirmed.Principle…
The U.S. Department of Energy said on Friday it has approved exports of liquefied natural gas exports to non-free trade agreement countries from the Corpus Christi Liquefaction Project in Texas for two years.The approval for 2.1 billion cubic…
Chancellor Angela Merkel said on Friday that Germany would speed up its plans to build a liquefied natural gas (LNG) terminal as Europe's largest economy seeks to diversify its energy supply.Merkel also said that Ukraine would remain an important…
Cuadrilla extracted its first shale gas from its site in northwest England, it said on Friday, after it began fracking operations there just over two weeks ago.Cuadrilla said the gas flows were small but coming at such an early stage of the project were evidence of the potential of the site…
U.S. oil and natural gas producer Chevron Corp said on Friday its quarterly profit doubled as record oil and gas production helped overcome a series of one-time items.With the price of crude in the third quarter up 44 percent from the same period a year ago…
Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts' estimate on higher prices received for its oil and natural gas but its production volumes fell on a year-over-year basis.The company's third-quarter net income rose 57 percent to $6…
Danish wind power giant Orsted sees surge in earnings from offshore wind, driving interim profits up 14 percent and earnings up 32 percent for the first nine months of 2018.The world’s largest wind farm operator, formerly known as Dong Energy…
ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel.The new 50,000 barrel-per-day unit expands…
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