BP plc on Tuesday beat Wall Street’s earnings expectations in 1Q2010 by more than doubling adjusted profits from a year ago, but the positive news was overwhelmed by the company’s Gulf of Mexico oil spill, which threatens to cut into future operational performance for months to come.
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Meeker Processing Complex Second Phase in Operation
The Meeker II gas processing plant in Colorado’s Piceance Basin has begun operations, doubling the capacity at the Meeker complex to 1.5 Bcf/d with the capability to extract up to 70,000 b/d of natural gas liquids (NGL), Enterprise Products Partners LP said last Thursday. The partnership also began operations at its recently expanded Shilling and Thompsonville processing plants in South Texas and expects its relocated Chaparral facility in the Permian Basin to begin processing gas later in March.
Enterprise Turns on Second Phase at Meeker Processing Complex
The Meeker II gas processing plant in Colorado’s Piceance Basin has begun operations, doubling the capacity at the Meeker complex to 1.5 Bcf/d with the capability to extract up to 70,000 b/d of natural gas liquids (NGL), Enterprise Products Partners LP said Thursday. The partnership also began operations at its recently expanded Shilling and Thompsonville processing plants in South Texas and expects its relocated Chaparral facility in the Permian Basin to begin processing gas later in March.
Nexen Quarterly Income Up 120%; CEO Set to Retire
Driven by high oil prices, Nexen Inc. had a record-setting third quarter, with net income more than doubling from 3Q2007 and the highest quarterly cash flow from operations in its history, the company said last Wednesday.
Nexen Quarterly Income Up 120%; CEO Set to Retire
Driven by high oil prices, Nexen Inc. had a record-setting third quarter, with net income more than doubling from 3Q2007 and the highest quarterly cash flow from operations in its history, the company said Wednesday.
Williams Hikes E&P Spending, Sees ‘Abundant’ Opportunities
With quarterly exploration and production (E&P) profits more than doubling and midstream income rising 17.5% from a year ago, Williams has boosted its 2008 earnings guidance for the second time in less than two months.
Williams Hikes E&P Spending, Sees ‘Abundant’ Opportunities
With quarterly exploration and production (E&P) profits more than doubling and midstream income rising 17.5% from a year ago, Williams has boosted its 2008 earnings guidance for the second time in less than two months.
EIA: Federal Subsidies Do Little to Raise U.S. Energy Output
Despite a doubling of federal energy-related subsidies and other financial support between 1999 and 2007 and a significant increase in most energy prices over that period, the level of domestic energy production has remained virtually unchanged during the eight years, the Energy Information Administration (EIA) said in a new report issued last Wednesday.
EIA: Federal Subsidies Do Little to Raise U.S. Energy Output
Despite a doubling of federal energy-related subsidies and other financial support between 1999 and 2007, and a significant increase in most energy prices over that period, the level of domestic energy production has remained virtually unchanged since 1999, the Energy Information Administration (EIA) said in a new report issued Wednesday.
DTE Touts Unconventional Prowess; Some Assets for Sale
DTE Energy’s unconventional natural gas business grew significantly in 2006, more than doubling Barnett Shale proved reserves and increasing Antrim Shale proved reserves by 31%, the company said Monday.