Earnings

Sempra Infrastructure has locked in a contractor for the second phase of an expansion at Cameron LNG and is marketing the next phase of Port Arthur LNG as it targets a final investment decision (FID) for both projects next year. The liquefied natural gas and energy infrastructure arm of San Diego-based Sempra has been on…

Midstream giant Williams executives see strong levels of natural gas production enduring as global LNG demand is poised to further mount in coming years. The Tulsa-based company’s chief executive said producers, while trying to contain expenses amid a prolonged bout of low prices, want to maintain output momentum ahead of a years-long expansion of liquefied…

ConocoPhillips agreed Thursday to buy 2.2 million metric tons/year (mmty) of LNG from Mexico Pacific Ltd.’s (MPL) Saguaro Energia export terminal planned for the country’s west coast, pushing the project closer to a final investment decision (FID). MPL CEO Ivan Van der Walt said ConocoPhillips’s commitment pushed the company’s sales volumes for trains one and…

Energy Transfer LP plans to restart the permitting process with the Department of Energy (DOE) for its proposed Lake Charles LNG project as it seeks to capitalize on new momentum from offtakers and equity partners. During a second quarter earnings call, Co-CEO Tom Long told analysts the company has been in “discussions” with DOE following…

Cheniere Energy Inc. loaded fewer LNG cargoes in the second quarter amid a heavy stretch of maintenance and slightly weaker international demand. The company loaded 149 cargoes, or 536 TBtu, of the super-chilled fuel during the quarter, down from 156 cargoes, or 563 TBtu, in the year-ago period.  While international demand for liquefied natural gas…

Dallas-based EnLink Midstream LLC is primed to build its Lower 48 oil and natural gas gathering and transportation business, with an eye on expanding opportunities for carbon capture and storage (CCS), the CEO said Wednesday. During a wide-ranging call to share second quarter results, CEO Jesse Arenivas laid out the company’s long-term plans. Anchored by…

Enterprise Products Partners LP reported company-record natural gas pipeline volumes, accommodating steadily robust production. However, the second quarter top and bottom lines declined amid weakened prices. Still, the Houston-based midstream company continues to expand its infrastructure in the prolific Permian Basin to increase capacity and meet expectations of long-term demand for natural gas, liquids and…

The uncertain direction of natural gas and oil prices during the second quarter led to an “underlying sense of apprehension” by oilfield services (OFS) companies, but there are signs that business will get better before the end of the year and improve through 2024 as customers prepare for more U.S. LNG exports. Several of the…

Ovintiv Inc. had a solid quarter in terms of production and is raising its guidance on natural gas output for the year. The Denver-based company sees natural gas production hitting 1.575-1.625 Bcf/d for the year, up from 1.525-1.575 Bcf/d in previous guidance. The company has assets in the Permian, Uinta and Anadarko Basins, and Canada’s…