Updated Aug 22, 2024
8/22/24
Appalachian pure-play CNX Resources Corp. on Thursday said it recorded a nearly $500 million impairment on natural gas properties in Pennsylvania during the fourth quarter as commodity prices continued their downward spiral.
Royal Dutch Shell plc saw its fourth quarter results halved from a year ago in part on a huge U.S. onshore natural gas price-related writedown, and more rough patches likely are ahead, but the global natural gas trading arm is on track to rise above the mayhem, the CEO said Thursday.
Appalachian pure-play CNX Resources Corp. on Thursday said it recorded a nearly $500 million impairment on natural gas properties in Pennsylvania during the fourth quarter as commodity prices continued their downward spiral.
Royal Dutch Shell plc saw its fourth quarter results halved from a year ago in part on a huge U.S. onshore natural gas price-related writedown, and more rough patches likely are ahead, but the global natural gas trading arm is on track to rise above the mayhem, the CEO said Thursday.
Hess Corp. is doing more with less, with the Bakken Shale continuing to drive a significant portion of oil and natural gas production growth at the same time 2019 spending came in lower than expected.
Hess Corp. is doing more with less, with the Bakken Shale continuing to drive a significant portion of oil and natural gas production growth at the same time 2019 spending came in lower than expected.
Capital discipline remained a key theme as Kinder Morgan Inc. executives on Wednesday shed light on fourth quarter 2019 earnings and the outlook for 2020. The midstreamer recorded another quarter of increased natural gas volumes, but the weak price environment has taken a toll on recontracting efforts for some assets.
Capital discipline remained a key theme as Kinder Morgan Inc. executives on Wednesday shed light on fourth quarter 2019 earnings and the outlook for 2020. The midstreamer recorded another quarter of increased natural gas volumes, but the weak price environment has taken a toll on recontracting efforts for some assets.
Recent spot price weakness and fewer sanctions expected this year for export projects have not changed the overall long-term supply and demand picture for liquefied natural gas (LNG), Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday.
Recent spot price weakness and fewer sanctions expected this year for export projects have not changed the overall long-term supply and demand picture for liquefied natural gas (LNG), Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday.