Here’s a roundup of the latest E&P headlines, including an ultra-deepwater discovery and new contract awards.
Global Partners LP announced a quarterly cash dividend on its 9.5% fixed-rate Series B preferred units
The U.S. argues that shutting down the pipeline could interrupt service and violate a 1977 treaty between the U.S. and Canada to keep oil flowing.
Barclays analysts, in restarting coverage of E&Ps, presented anti-hydrocarbon investors with “a reality check on energy transition.”
Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.
The Haynesville Shale’s high temperatures and tough rock have caused drillers to evolve, advancing technology that benefits the rest of the industry, experts said.
Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.
Mexico Pacific Ltd. is close to taking an initial final investment decision for the first two trains at its Saguaro Energía LNG facility in Sonora, Mexico, which will source feed gas from the Permian Basin.
Analysts had expected the Trans Mountain Pipeline expansion to commence operations in June but the company said the system will begin shipping crude on May 1.
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.