Hess Corp. Raises 2023 Production Guidance as Profits Fall
Hess Corporation raised its 2023 production forecast by 4.7% due to strong operational performance as well as the expected early fourth quarter startup of Payara, its third development offshore Guyana.
Robust International Results Lift Oilfield Service Companies
Oilfield service companies SLB, Baker Hughes and Halliburton report solid second quarter results from international operations.
Column: Energy Transition and e-Mobility in Mexico
Mexico’s most obvious energy transition effort relates to its push to embrace electric mobility, or e-mobility, but the country faces many of the same challenges as markets in North America and Europe.
Transocean Rig Wins Long-term Contract Offshore Mexico
Driller Transocean Ltd. revealed an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico.
Australia Retains Top LNG Exporter Spot, Says IGU Report
Australia, the U.S. and Qatar retained their bragging rights as the top three countries worldwide dominating LNG exports and global liquefaction capacity, the IGU revealed in its newest study.
Targa Resources Declares $0.50 Per Share Quarterly Dividend
The $0.50 per common share dividend will be payable to all eligible stockholders on August 15.
What's Affecting Oil Prices This Week? (July 17, 2023)
Oil prices are being affected by production shutdowns in Libya, inflation falling in the U.S. and the sentiment of oil traders.
NextDecade Corp.’s FID to Fuel Second Wave of US Exporting Power
NextDecade Corp.’s $18.4 billion FID for Phase 1 of its Rio Grande LNG project is a key component of the U.S.’ next wave of LNG exports, an analyst with ICIS told Hart Energy.
Enterprise Declares Quarterly Cash Distribution
Enterprise Products Partners declared a $0.50 per unit quarterly cash distribution for second quarter 2023, a 2% increase from the first quarter.
Pemex’s Flaring Problem Not Going Away
Mexico’s state-owned Pemex continues to confront a natural gas flaring problem owing to strong government components that, coupled with presidential elections on the horizon in 2024, are not likely to change the company’s flaring habits.