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Shell Reports 3Q:24 Results, Announces $3.5bn Buyback (PDF Downloads)

(Shell, 31.Oct.2024) — Shell Plc reported third-quarter 2024 (3Q:24) adjusted earnings of $6bn, despite the lower crude prices and weaker refining margins, reflect strong operational performance in Integrated Gas, Upstream and Marketing. Shell’s cash flow from operations (CFFO) of $14.7bn for the 3Q:24 includes a working capital inflow of $2.7bn; […]

Coterra Reports 3Q:24 Results, Declares Dividend (PDF Download)

(Coterra, 31.Oct.2024) — Coterra Energy Inc. reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share.  “Coterra continues to exceed its 2024 plan and has strong momentum with significant optionality heading into 2025. Our teams continue to deliver strong and improving capital efficiency through […]

ConocoPhillips to close Marathon deal in 4Q:24

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Oct.2024, Words: 310) — ConocoPhillips anticipates closing the planned acquisition of Marathon Oil in the fourth-quarter 2024 (4Q:24). The Houston-based company also expects to exceed an initial synergy guidance of $500mn. “We’re still on track to close this quarter. In the meantime, integration […]

ConocoPhillips Reports 3Q:24 Results, Updates on Marathon

(ConocoPhillips, 31.Oct.2024) — ConocoPhillips reported third-quarter 2024 earnings of $2.1bn, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8bn, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1bn, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6bn, or $2.16 per share. […]

Expand Energy Reveals 2025 Capex Plan, Comments on Chesapeake

(Expand Energy, 31.Oct.2024) — Expand Energy Corporation reported third-quarter 2024 financial and operating results. In addition, the company provided its preliminary 2025 capital and operating plan and announced details regarding its enhanced capital return framework. On 1 Oct. 2024, Expand Energy announced the completion of the previously disclosed merger between […]

SM Energy Reports 3Q:24 Results (PDF Download)

(SM Energy, 31.Oct.2024) — SM Energy Company reported operating and financial results for the third quarter 2024 (3Q:24) and provided certain full year and fourth quarter 2024 guidance. Excellent operational execution drove strong third quarter results including: ____________________

Baker Hughes Launches Advanced Oxygen Analyzer

(Baker Hughes, 31.Oct.2024) — Baker Hughes launched the XMO2pro, a new and advanced oxygen analyzer designed to ensure greater levels of stability, accuracy and reliability.  Oxygen gas analysis is key to safety, efficiency and control in industrial and energy processes – the presence of oxygen can cause corrosion and, when […]

COP Reports 3Q:24 Results, Boosts Quarterly Dividend (PDF Downloads)

(ConocoPhillips, 31.Oct.2024) — ConocoPhillips reported third-quarter 2024 earnings of $2.1bn, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8bn, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1bn, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6bn, or $2.16 per share. […]

Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project

(Reuters, 31.Oct.2024) — Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy of developer […]

Petrobras 3Q:24 Hydrocarbon Production in Two Charts

(Energy Analytics Institute, 31.Oct.2024) — Brazil’s state-owned Petrobras reported total hydrocarbon production of 2,689 Mboe/d in the third quarter 2024 (3Q:24), down 0.8% sequentially compared to the 2Q:24 and down 7.9% compared the 3Q:23.  RELATED STORY: Petrobras Reports 3Q:24 Output of 2.7 MMboe/d (PDF Download) Importantly, Petrobras was forced to […]

Mark the Date: 3rd Caracas Gas Forum 2024 Set for 7 Nov.

(Energy Analytics Institute, 30.Oct.2024) — Participate in the third edition of the Caracas Gas Forum 2024, which will focus on promoting decarbonization and security of regional supply. ____________________ By Editors at Energy Analytics Institute. More online at www.Energy-Analytics-Institute.org NOTE: Energy Analytics Institute (EAI) is an official media partner for the […]

Marathon Oil Cuts 500 Houston Jobs

(Bloomberg, 30.Oct.2024) — Marathon Oil Corp. warned of a “mass layoff” involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, according to state filings. The affected workers “may reasonably expect to experience a permanent loss of employment during the 12-month period” […]

Cheniere Reports 3Q:24 Results, Updates on Dividend (PDF Downloads)

(Cheniere, 30.Oct.2024) — Cheniere Energy, Inc. announced its financial results for the third quarter 2024 as well as details around producing and loading its 1,000th LNG cargo, its dividend, comprehensive capital allocation plan, voluntary, measurement-informed Scope 1 methane emissions intensity target for its liquefaction facilities. ____________________

JinkoSolar on Annual Capacities: Solar Cell and Solar Module

(Energy Analytics Institute, 30.Oct.2024) — JinkoSolar Holding Co., Ltd. expects its annual production capacity for mono wafer, solar cell and solar module to reach 120.0 GW, 95.0 GW and 130.0 GW, respectively, by year-end 2024, the company announced 30 Oct. 2024 in its 3Q:24 financial and operational statement. Additionally, as of 30 Oct., […]

Seaway7 Awarded Offshore Wind Contract in UK

(Energy Analytics Institute, 30.Oct.2024) — Subsea7 announced the award to Seaway7, part of the Subsea7 Group, of a substantial contract by Ørsted for the transport and installation of the inter-array cables of the Hornsea 3 offshore wind project located in the UK sector of the North Sea. Subsea7 defines a […]

Cheniere Sets Methane Emissions Intensity Target for its Liquefaction Assets

(Cheniere, 30.Oct.2024) — Cheniere Energy, Inc. has set a voluntary, measurement-informed Scope 1 annual methane intensity target for its liquefaction facilities. The Scope 1 methane target builds upon the Company’s robust climate strategy and leverages data from its multi-scale emissions measurement and mitigation programs. The methane target is consistent with […]

Pemex Reveals 3Q:24 Results, 1.8 MMb/d Output Goal (PDF Downloads)

(Pemex, 29.Oct.2024) — During the third-quarter 2024 (3Q:24) PetrĂłleos Mexicanos (Pemex) maintained its commitment to provide timely support for operations, employing resources responsibly and efficiently. The Exploration and Production strategy prioritized activities in shallow waters and onshore areas, primarily focusing on promoting the accelerated development of new fields and reducing […]

Canada’s Renewable Diesel Projects hit by US Import Surge

(Reuters, 29.Oct.2024) — Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia’s low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States. Weakness in British Columbia’s LCFS credit market reflects […]

EQT Divests Remaining Non-Operated Assets to Equinor

(Energy Analytics Institute, 29.Oct.2024) — EQT Corporation has entered into an agreement with Equinor USA Onshore Properties Inc. and Equinor Natural Gas LLC to sell its remaining interest in its non-operated natural gas assets in Northeast Pennsylvania. Production from the assets is expected to be around 350 MMcf/d net in […]

Chevron CEO Mike Wirth Visits Anchor Platform (Video)

(Chevron, 29.Oct.2024) — Chevron Corporation Chairman and CEO, together with CNBC, flew out to the U.S. Gulf of Mexico to visit the Anchor Platform to film a segment on Squawk on the Street and a full episode of Mad Money were broadcast live on October 24.  ____________________

FACTSHEET: Chevron’s Anchor Platform

(Energy Analytics Institute, 29.Oct.2024) — Chevron Corporation revealed some key takeaways about its Anchor platform in the US Gulf of Mexico. Those takeaways include the following, Chevron said 29 Oct. 2024 in an official statement: — The resource potential at the platform is estimated to be up to 440 MMboe, — […]

Equinor to Pay $1.25bn for EQT Interest in Northern Marcellus

(Energy Analytics Institute, 29.Oct.2024) — Equinor inked an agreement with EQT Corporation to acquire additional non-operated interest in the Northern Marcellus formation in the US. Equinor will pay $1.25bn to EQT in the transaction. Per the agreement, Equinor is acquiring 100% of EQT’s remaining working interest in Northern Marcellus gas […]

New Gold Announces Commercial Production at New Afton

(New Gold., 29.Oct.2024) — New Gold Inc. announced the completion of significant production milestones at the New Afton copper-gold mine in British Columbia and the Rainy River gold mine in Ontario. C-Zone, New Afton’s fourth block cave, achieved commercial production ahead of schedule with the materials handling system coming online […]

CNOOC Africa Inks EDPC with Midland Oil Company in Iraq

(Energy Analytics Institute, 29.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Africa Holding Ltd., entered into an Exploration, Development & Production Contract (EDPC) with Midland Oil Company (Md.O.C) for Block 7 in Iraq. Block 7 is mainly located in Province Diwaniyah, with an area of 6,300 km2, CNOOC said 29 […]

Expand to Running 12 Rigs, to Drop 2 in 1Q:25 (PDF Downloads)

(Energy Analytics Institute, 29.Oct.2024) — Expand Energy Corporation is currently running 12 rigs (8 in Haynesville, 2 in Northeast Appalachia, and 2 in Southwest Appalachia) as well as 6 completion crews (3 in Haynesville, 2 in Northeast Appalachia, and 1 in Southwest Appalachia). And, under current market conditions, Expand expects […]

EPA Selects PCCA as Clean Ports Program Grant Recipient

(PCCA, 29.Oct.2024) — The Port of Corpus Christi Authority (PCCA) has been selected to receive $105mn through the United States Environmental Protection Agency’s (EPA) Clean Ports Program to deploy zero-emissions equipment as a major step in reducing criteria air pollutants – those regulated by EPA because of health and environmental […]

Egypt President Abdel Fattah el-Sisi Meets Eni CEO Claudio Descalzi

(Eni, 28.Oct.2024) — The President of the Arab Republic of Egypt, Abdel Fattah el-Sisi met today with Eni Chief Executive Officer Claudio Descalzi to follow up on Eni’s ongoing activities in the country and discuss areas of common interest and collaboration. Also in attendance were Egyptian Oil Minister Karim Badawi […]

Sempra Earns Perfect Score on CPA-Zicklin Index

(Sempra, 28.Oct.2024) — Sempra has been recognized as a Trendsetter for the ninth consecutive year for its civic transparency by the Center for Political Accountability’s annual CPA-Zicklin Index of Corporate Political Disclosure and Accountability. Sempra received a perfect score of 100% and was named a “Model Code” company for demonstrating […]