BP plc’s quarterly earnings jumped 42% compared with a year ago, as higher commodity prices and a strong liquefied natural gas (LNG) business lifted exploration and production income — despite a 5% overall decline in production. Meanwhile, Amerada Hess Corp. also was helped by higher commodity prices, despite a 50% drop in upstream earnings after selling some of its producing assets.
Aided
Articles from Aided
Marketer Volumes Soar; El Paso Aided by Coastal Merger
Gas volumes among the top 20 North American marketers continued to show significant growth in the first quarter of the year with nearly a 40 Bcf/d rise in volumes compared to 1Q2000 and a 14.9 Bcf/d increase compared to 4Q2000 (see Table). The big volume gainers for the quarter (1Q2001 versus 1Q2000) were El Paso, Enron, BP, Mirant, Sempra and Reliant, while the only volume decreases in the top 20 were posted by Coral, Aquila and Williams.
June 4, 2001
Marketer Volumes Soar; El Paso Aided by Coastal Merger
Gas volumes among the top 20 North American marketers continued to show significant growth in the first quarter of the year with nearly a 40 Bcf/d rise in volumes compared to 1Q2000 and a 14.9 Bcf/d increase compared to 4Q2000 (see Table). The big volume gainers for the quarter (1Q2001 versus 1Q2000) were El Paso, Enron, BP, Mirant, Sempra and Reliant, while the only volume decreases in the top 20 were posted by Coral, Aquila and Williams.
May 30, 2001
Coral, Aided by Shell, Dives into LNG Market
Coral Energy jumped head first into a new arena last Friday withits 2.8 Bcf purchase of liquefied natural gas (LNG) from MalaysiaLNG Sdn. Bhd. The shipment will be delivered to CMS’ Lake Charles,LA, LNG import facility later this month. Terms of the transactionwere not released.
July 12, 1999
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