NorthAmOil - North America Oil & Gas
Chevron unveils plan to return $80bn to shareholders
Super-major Chevron unveiled a plan this week to return up to $80bn to shareholders through dividends and share buybacks over the next five years.
Shale’s heavy hitters seen weathering the storm
Leading shale-focused independents EOG Resources and Pioneer Natural Resources beat analyst expectations for fourth-quarter profits, and are well-positioned to outperform their peers as the industry downturn continues.
Hopes and fears for Canada’s oil sands
Questions remain over the future of the oil sands, with some projects better positioned than others to proceed.
Ovintiv announces first results since renaming
Ovintiv, formerly known as Encana, has issued its first set of quarterly results since the company completed its renaming and its re-domicile from Canada to the US.
Pioneer’s CEO urges investors to shun high-flaring firms
Pioneer Natural Resources’ CEO, Scott Sheffield, has called on energy investors to punish shale producers with high rates of natural gas flaring by selling shares or pulling funding from them.
Energy Transfer signs NGL agreements, makes midstream progress
Midstream operator Energy Transfer has signed a set of agreements with an unnamed company covering the gathering, processing, transportation and fractionation of natural gas liquids in Texas.
Venture Global makes progress with supply deal, compressor contract
Two separate announcements over the past week show US-based Venture Global making progress with elements of its plans for both the Plaquemines LNG and Calcasieu Pass LNG projects in Louisiana.
Chesapeake hit by quarterly loss
Chesapeake Energy reported its results for the fourth quarter of 2019 this week, with its quarterly and annual losses illustrating how the low commodity price is hammering some shale producers.
Cheniere’s profits balanced by demand concerns
LNG exporter Cheniere Energy has reported rising profits, but has also issued a warning about slowing demand for the fuel in Asia.
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