NorthAmOil - North America Oil & Gas
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.
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.
Questions remain over the future of the oil sands, with some projects better positioned than others to proceed.
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 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.
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.
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 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.
LNG exporter Cheniere Energy has reported rising profits, but has also issued a warning about slowing demand for the fuel in Asia.