Enbridge Takes Q4 Loss, Expects High Pipeline Utilization in 2023
A gas transmission impairment forced a Q4 earnings loss, but the company expects high utilization of its Mainline pipeline system in 2023.
February 10, 2023
Russian ‘Ghost Tankers’ Stalk Global Oil Markets
As many as 600 ghost tankers ferry Russian crude oil and oil products to markets at high risk and reduced prices.
February 9, 2023
Strong Earnings, Promising Outlooks for Enterprise, Magellan, Hess Midstream
In a strong earnings season, Enterprise surpassed $9 billion in EBITDA, Magellan beat earnings per share guidance and Hess Midstream weathered a tough winter to please investors.
February 7, 2023
BP: Ukraine War Likely to Speed Decline in Fossil Fuel Use
The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.
February 1, 2023
Oilfield Service Outlook: Earnings Will be Driven by Everything, Everywhere, All at Once
International growth, along with offshore and strength in North America, propelled fourth quarter and 2022 earnings for oilfield service companies SLB, Baker Hughes and Halliburton.
January 27, 2023
Halliburton Notches 21% Earnings Jump, Plans to Hike Cash Flow Returns to Shareholders
Halliburton’s Q4 earnings surge, as company says it aims to return 50% of its free cash flow to shareholders.
January 25, 2023
Baker Hughes Q4 Earnings Soar, But Miss Analyst Expectations
Baker Hughes earnings per share jump 46% over Q3, but analysts were disappointed they weren’t as high as they expected.
January 24, 2023
SLB Beats Expectations with Strong Q4 Earnings
SLB relies on upswings from its digital unit, along with its offshore and Middle East operations, to spur a 13% jump in quarterly earnings, although some analysts were underwhelmed by the company's free cash flow.
January 20, 2023
Bernstein Forecast: US Capex to Rise 15% — But Remains Near 20-year Low
Global capex will increase to $575 billion, which is well shy of what is needed to meet long-term oil and gas demand, analysts say.
January 17, 2023
API Pushes Back on Biden’s Energy Priorities
API’s annual report offers a plan to bolster investment in oil and gas projects and streamline the permitting process even as the White House prioritizes renewable energy sources.
January 12, 2023