second quarter earnings

San Diego-based Sempra’s whirlwind of LNG and equity agreements during the second quarter helped advance key infrastructure projects, but management indicated some of its biggest announcements are still to come. CEO Jeff Martin said “significant growth drivers” were influential for the Sempra Infrastructure subsidiary formed last year to expand liquefied natural gas exports, net-zero fuels…

Houston-based ConocoPhillips is looking to leverage its experience as a leading natural gas marketer to become a more active player in the global LNG market, CEO Ryan Lance said Thursday. Lance hosted a conference call to discuss the mega-independent’s second-quarter results. ConocoPhillips is among the largest oil and gas producers in North America, with a…

The chief executive of Williams, a natural gas processing and transportation specialist, said mounting calls for LNG and robust summer cooling demand are driving exceptional activity levels on the Transcontinental Gas Pipe Line Co. (Transco) system, bolstering the company’s outlook. The past two months rank among the hottest Junes and Julys on record in the…

BP plc’s Lower 48 natural gas production jumped in the second quarter, with Haynesville Shale investments offering a “very, very quick payback,” CEO Bernard Looney said Tuesday. Looney and his executive team discussed the strong quarterly results and the outlook through the end of the year during a conference call.  With Russia shorting gas supply…

For Patterson-UTI Corp., rig rates are rising and pressure pumping activity is jumping, but the high demand may eclipse supply for a while, CEO Andy Hendricks said. Hendricks led a conference call in late July to discuss the second quarter results. The activity is at pre-pandemic levels, he told analysts, and customers are ready to…

TC Energy Corp. expects to see its natural gas infrastructure capacity in North America, and especially in Mexico, expand in the next several years as short-term demand and the global thirst for LNG accelerate. The Calgary-based pipeline firm currently transports about 25% of feed gas exported in the United States as liquefied natural gas and…

Florida-based NextEra Energy Inc., already one of the largest solar and wind utilities, said it is planning to convert 16 GW of its 20 GW-plus natural gas electrical generation fleet to run on green hydrogen as it continues to move toward zero carbon emissions. The utility’s principal subsidiary, Florida Power and Light Co. (FPL), recently…

A potential economic slump would be insufficient to correct the acute supply/demand imbalance currently facing the oil and natural gas markets, according to Halliburton Co. CEO Jeff Miller. Miller discussed the market outlook during the oilfield services (OFS) giant’s second-quarter earnings call Tuesday morning. The CEO noted that actions taken by central banks during the…

U.S. independent Murphy Oil Corp. plans to drill in the Austin Chalk formation in South Texas later this year, with an eye to derisking about 100 more locations in the play. The company plans to drill four wells on its Eagle Ford Shale acreage in the fourth quarter, one of which is to target the…