Eni, one of the leading multinational oil and gas companies, has made a groundbreaking gas discovery onshore Nigeria, marking a significant milestone in the country’s energy sector. The discovery, which has been hailed as a major achievement, involves the identification of a massive gas reserve estimated to contain 1 trillion cubic feet (tcf) of natural … Read more
Russian producer Gazprom was the global leader in oil/gas production growth over the past five years, according to a note released Thursday by independent research company Rystad Energy. It was followed by Chinese state-owned PetroChina and the U.S.’s largest dry gas producer, EQT Corp., Kallanish Energy learns. Gazprom had growth of more than … Read more
Brazilian regulator National Agency of Petroleum, Natural Gas and Biofuels (Anp) said last week it expects revenue of $425 billion from the 16th Exploratory Blocks Bidding Round. The authority also expects $112 billion in investments, Kallanish Energy reports. The bidding round is scheduled for Oct. 10, offering 36 blocks in five offshore sedimentary … Read more
Energy Transfer LP has reported second quarter 2019 net income of $878 million, or 33 cents per share, Kallanish Energy reports, up $523 million, or 147.3%, compared to Q2 2018. The increase is due primarily to higher operating income and the impact of the simplification transaction involving Energy Transfer and Energy Transfer Operating in October 2018, … Read more
Montage Resources is the latest E&P company reducing full-year 2019 capital spending (Capex), Kallanish Energy reports. The company said it has reduced second half 2019 activity levels from two rigs to one rig, resulting in lowered capital spending of $30 million in the Appalachian Basin. The reason for the reduction is low commodity … Read more
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