Woodside Energy Group Announces Second Quarter Report for Period Ended 30 June 2022
July 20, 2022
Performance Delivered production of 33.8 MMboe, up 60% from Q1 2022. Deli…
Baker Hughes’ Q2 loss widens as Russia-related charges, inflation bite
July 20, 2022
Nasdaq Oilfield services provider Baker Hughes BKR.N on Wednesday reported a bigger second-quarter loss, hit by a $365 million charge from its Russian operations and supply chain inflation, while adjusted profits also missed analysts’ forecasts. The company’s shares sank 10.5% on the report to $25.25 in early trading. Its stock is up 17% since the beginning of the year. Oil prices
U.S. hopes to discuss Mexico’s energy moves breaking trade deal
July 20, 2022
World Oil (Bloomberg) — The U.S. said Mexico’s nationalist energy policies violate North America’s free-trade deal and has requested dispute-settlement talks under the agreement. Mexico’s moves to prioritize energy from its state utility over private renewables companies, as well as denials and revocations of U.S. firms’ abilities to operate in the country’s energy sector, are among the issues the U.S.
U.S. crude stockpiles dip, gasoline builds as demand slackens – EIA
July 20, 2022
Nasdaq U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said on Wednesday. Crude inventories USOILC=ECI fell by 446,000 barrels in the week to July 15 to 426.6 million barrels, compared with expectations in a Reuters poll for a 1.4 million-barrel rise. Demand figures rebounded from the previous
U.S. pipeline companies eye nat gas infrastructure for growth
July 20, 2022
US News NEW YORK – U.S. midstream companies have set their sights on natural gas pipelines and export terminals as a key growth opportunity as investor pressures and political headwinds make new crude oil pipeline projects unpalatable. U.S. pipeline operators are expected to have benefited from high oil and gas prices and rising domestic production in the second quarter, though
Biden expected to announce executive action on climate Wednesday
July 20, 2022
World Oil (Bloomberg) — President Joe Biden will announce executive action to address climate change Wednesday, as he continues to weigh a broader emergency declaration that would allow him to marshal sweeping powers against “global warming.” The potential emergency order that Biden is mulling would unlock broad executive powers to propel clean-energy construction, restrict oil drilling and curb fossil fuel
U.S. crude oil inventories increase by 0.4 million barrels
July 20, 2022
Weekly Crude Oil Storage as of July 15, 2022 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.4 million barrels from the previous week. At 426.6 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year, according to the EIA crude oil and petroleum
