Shell launches US$25 billion buyback plan
Royal Dutch Shell launched a long-anticipated US$25 billion share buyback programme on 26 July as its debt eased while second quarter profits came in far below forecasts.
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Royal Dutch Shell launched a long-anticipated US$25 billion share buyback programme on 26 July as its debt eased while second quarter profits came in far below forecasts.
Equinor said on 26 July that Q2 adjusted operating income rose from a year ago but missed forecasts due to higher maintenance costs at its Norwegian fields.
The US Energy Department on 25 July cleared the way for faster approval of small scale exports of natural gas including LNG to Latin American countries.
Saipem said it is considering acquisitions in engineering and construction as it shifts its business away from drilling activity, which has dragged on earnings.
Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn.
On a hot sunny day in July, Europe’s largest port is busy loading LNG onto a tanker, creating snow flurries during a heat wave.
The world’s largest oil companies are pumping more natural gas than ever before.
Woodside Petroleum Ltd has decided to pull out of Sempra Energy’s Port Arthur LNG export project in Texas.
Kinder Morgan Inc delayed the startup of its nearly US$2 billion Elba LNG export terminal in Georgia by one quarter to Q4 of 2018.
British Columbia LNG plants will have knock-on benefits for oil producers, restoring output to levels almost equal to the peak of 2014.
Gastech Insights was keen to hear more about the market developments and opportunities from one of the consortium members, Tecnicas Reunidas.
American LNG cargoes vie with pipeline supply from Gazprom.