Earnings

As the top supplier of Canadian natural gas, Calgary-based independent Tourmaline Oil Corp. plans to increase Montney Shale output when tanker sailings begin from the Shell plc-led export project, LNG Canada. Plans to boost supply for the liquefied natural gas (LNG) facility under construction in British Columbia (BC) were discussed by Tourmaline’s management team as…

As the invasion of Ukraine fuels record prices for U.S. liquefied natural gas (LNG), Sempra plans to hold steady on prioritizing long-term contracts and equity partnerships, which management said have become more important during the conflict. The Sempra Infrastructure Partners subsidiary of the San Diego-based energy company has a hefty list of proposed and sanctioned…

A day after reports surfaced that activist investor Kimmeridge Energy Management Co. LLC had taken a stake and was pushing for change, Chesapeake Energy Corp. CEO Nick Dell’Osso said Thursday he agreed the company is undervalued. Reuters initially reported that Kimmeridge took a 1.6% stake in the Oklahoma City-based independent, putting it among the largest…

The management team for Comstock Resources Inc., the largest exploration and production (E&P) firm focused on the gassy Haynesville Shale, on Tuesday signaled it would consider taking stakes in a liquefied natural gas (LNG) export facility. Citing the Haynesville’s proximity to Gulf Coast LNG export terminals, CEO Jay Allison told analysts during a call to…

Shell plc, the world’s largest natural gas buyer, continues to nab agreements to buy more supply in a world ever thirstier for the fuel, CEO Ben van Beurden said Thursday. Addressing investors during the first quarter conference call, van Beurden was joined by new CFO Sinead Gorman, who took over for long-time financial chief Jessica…

More demand for oil and gas equipment has put oilfield technology expert NOV Inc. in a sweet spot for 2022, with the bitter sting of rising costs and broad supply chain issues likely to continue for some time, according to the management team. CEO Clay Williams held the microphone to discuss 1Q2022 results and the…

TC Energy Corp. is preparing to expand its natural gas pipeline network to supply molecules to Sempra’s Energía Costa Azul (ECA) liquefaction project under construction on Mexico’s Pacific Coast. On a conference call to discuss first-quarter earnings, TC’s CEO Francois Poirier highlighted the U.S. Federal Energy Regulatory Commission’s approval last month of the proposed 500…

Cheniere Energy Inc. said Wednesday the amount of liquefied natural gas (LNG) it produced for delivery to Europe surged during the first quarter in a trend management expects to continue as the continent looks to diversify its supplies in a pivot from Russia.  Chief Commercial Officer Anatol Feygin said Cheniere-produced cargoes supplied more of the…

Buoyed by strong commodity prices, Canadian independents Imperial Oil Ltd. and Whitecap Resources Inc. reported robust earnings for the first quarter and are prioritizing returning capital to shareholders. Calgary-based Imperial, 70% owned by ExxonMobil, said its 1Q2022 financials marked the best quarterly results in more than 30 years. Imperial, which reports in Canadian dollars (C$1/US…