NorthAmOil - North America Oil & Gas
Hess beats earnings expectations but issues caution over rising costs
US independent producer Hess reported a profit for the first quarter of the year that beat Wall Street estimates amid strong oil prices.
Enterprise reports 16% rise in crude pipeline volumes in first quarter
US pipeline operator Enterprise Products Partners has reported a 16% rise in crude pipeline volumes in the first quarter of 2022.
Imperial Oil posts highest net income in 30 years
Canada’s Imperial Oil posted net income of CAD1.2bn ($914mn) in the first quarter of 2022 on the back of strong oil and gas prices, representing its highest total in 30 years.
BP details Gulf production increase plans
BP revealed this week it intends to double crude output from its Thunder Horse project in the US Gulf of Mexico and also said that it would inaugurate its latest production platform, Argos, before the end of the year.
Gunvor secures long-term deal with Energy Transfer for US LNG
Swiss-based commodity trader Gunvor is to buy 2mn tonnes per year of LNG from Energy Transfer's proposed Lake Charles LNG export terminal.
NextDecade strikes offtake deal with Engie at last
US LNG developer NextDecade reached an agreement this week to supply LNG to French utility Engie. The deal signals a change in course for Engie, which had previously backed out of talks over a supply deal with NextDecade.
EU softens stance on long-term LNG supply deals
The EU is softening its stance on long-term LNG supply deals as it urgently seeks alternatives to Russian gas, having previously been more resistant to ongoing commitments to buy fossil fuels.
NorthAmOil: ExxonMobil, Chevron post first-quarter profits
US super-majors ExxonMobil and Chevron have posted multi-billion-dollar profits for the first quarter of 2022, during which West Texas Intermediate (WTI) crude prices averaged $95 per barrel and briefly rose above $120 per barrel.
Follow us online