Oil and Gas
Search documents
What to Expect From Coterra Energy’s Next Quarterly Earnings Report
Yahoo Finance· 2025-10-15 08:37
Core Insights - Coterra Energy Inc. is valued at a market cap of $17.7 billion and operates in key U.S. oil and gas regions, including the Permian Basin, Marcellus Shale, and Anadarko Basin [1] - The company is expected to report a fiscal Q3 earnings of $0.46 per share, reflecting a 53.3% increase from $0.30 per share in the same quarter last year [2] - For fiscal 2025, analysts project a profit of $2.30 per share, which is a 42.9% increase from $1.61 per share in fiscal 2024, with further growth expected to $2.74 per share in fiscal 2026 [3] Performance Analysis - Coterra Energy's stock has declined by 4.9% over the past 52 weeks, underperforming the S&P 500 Index, which increased by 13.4%, and the Energy Select Sector SPDR Fund, which dropped by 6.9% [4] - Analysts maintain a positive outlook on Coterra Energy, with a "Strong Buy" rating from 16 out of 24 analysts, and a mean price target of $32.83, indicating a potential upside of 41.4% from current levels [5]
X @Bloomberg
Bloomberg· 2025-10-15 07:53
TotalEnergies says its third-quarter profit and cash flow may rise slightly after oil and gas output increased https://t.co/IlsxlyM9gc ...
OPEC Secretary General says oil and gas industry needs more investment
Reuters· 2025-10-15 07:15
OPEC Secretary General Haitham Al Ghais reiterated on Wednesday that more investment is needed in oil and gas. ...
More Supertankers Divert After U.S. Sanctions Hit Chinese Oil Port
Yahoo Finance· 2025-10-15 07:15
Core Insights - The U.S. Treasury has imposed sanctions on the Rizhao Shihua Crude Oil Terminal in China, impacting the handling of Iranian crude oil [2][3] - Three very large crude carriers (VLCCs) have diverted from their original destination to other ports in China due to these sanctions [1][2] - The sanctions are part of a broader strategy to disrupt Iran's energy export capabilities, with China being a significant buyer of sanctioned Iranian crude [2][3] Group 1: Sanctions and Impact - The latest sanctions target over 100 individuals, tankers, and an independent refiner, specifically affecting the Rizhao Shihua Crude Oil Terminal [2] - Sinopec, which owns 50% of the terminal, is likely to face disruptions in its crude oil imports, as the terminal is crucial to its operations [3] - The terminal accounts for approximately 20% of Sinopec's imported crude, indicating a significant potential impact on the company's supply chain [3] Group 2: Oil Import Trends - China reported a 3.9% increase in total oil imports for September, averaging about 11.5 million barrels per day, although this reflects a 4.55% decline from August [4] - The effect of the sanctions on overall Chinese oil imports remains uncertain, as importers may adapt by transferring oil from larger vessels to smaller ones for delivery to other Sinopec refineries [4]
Total flags lower LNG sales, rising refining margins in third-quarter trading update
Reuters· 2025-10-15 06:17
French oil major TotalEnergies expects to report a decline in third-quarter results, it said on Wednesday, as asset sales and improving margins for refining crude failed to offset lower oil prices and... ...
Iraq pledges to end $4 billion gas imports from Iran by 2028 as it races to diversify beyond oil
CNBC· 2025-10-15 01:53
Core Points - Iraq's Prime Minister aims to end the country's $4 billion reliance on Iranian gas by 2028 to diversify the economy [1] - Iraq's power grid is strained due to decades of mismanagement, underinvestment, and corruption, with Iranian gas fueling nearly a third of electricity generation [1] - The government has signed deals with TotalEnergies and other firms to invest in capturing flared gas, potentially worth $4 billion to $5 billion annually [1] - Iraq is pursuing a multi-pronged diplomatic approach to attract investments from various countries, including the U.S., China, and Gulf nations [1] - The upcoming elections on November 11 are seen as a benchmark for Iraq's democratic process amid rising youth unemployment [1][2] Economic Diversification - The government is focused on reducing gas flaring, with a commitment to achieve zero flaring by early 2028 [1] - Recent financial and banking reforms aim to strengthen the presence of investment companies in Iraq [1] - The inauguration of a new Pharmaceutical Manufacturing City is expected to attract major American and British firms [1] Youth Employment and Digital Transformation - The government is encouraging the private sector to create job opportunities, particularly for the youth [2] - Initiatives include establishing a National Center for Digital Transformation and a Center for Cybersecurity [2] - A national strategy for artificial intelligence is being prepared to absorb a larger share of young workers [2]
Shell Greenlights HI Offshore Gas Project to Boost Nigeria LNG Supply
Yahoo Finance· 2025-10-15 00:32
Core Viewpoint - Shell's Nigerian subsidiary, SNEPCo, has approved investment in the HI offshore gas development, enhancing Nigeria's LNG exports and supporting Shell's global integrated gas strategy [1] Group 1: Project Overview - The HI field, discovered in 1985, is located about 50 kilometers off Nigeria's coast and is expected to produce up to 350 million standard cubic feet of gas per day, equivalent to around 60,000 barrels of oil equivalent per day, by the end of the decade [2] - The estimated recoverable resource for the HI project stands at approximately 285 million barrels of oil equivalent (mmboe) [2] Group 2: Economic Impact - Production from the HI field will be processed onshore at Bonny Island, contributing to Nigeria LNG (NLNG), where Shell holds a 25.6% interest, and supporting local economic growth through construction and operational employment [3] Group 3: Strategic Commitment - Shell's Upstream President emphasized the company's commitment to Nigeria's energy sector, particularly in Deepwater and Integrated Gas, stating that the HI project will help grow Shell's Integrated Gas portfolio and support Nigeria's ambitions in the global LNG market [4] - The HI development is operated under a joint venture between Sunlink Energies (60%) and SNEPCo (40%), featuring a wellhead platform with four wells and a multiphase gas pipeline to Bonny Island [4] Group 4: Future Outlook - The investment follows Shell's final investment decision (FID) on the Bonga North deepwater project, indicating sustained interest in Nigeria despite challenging fiscal and regulatory conditions [5] - Shell aims to deliver upstream and integrated gas projects achieving a combined 1 million barrels of oil equivalent per day of peak production by 2030 [5] - Liquefied natural gas is central to Shell's energy transition strategy, with a goal to grow global LNG output by 4–5% annually through the end of the decade [6]
Cardinal Energy Ltd. Announces Monthly Dividend for October
Newsfile· 2025-10-14 21:01
Calgary, Alberta--(Newsfile Corp. - October 14, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our October dividend of $0.06 per common share will be paid on November 17, 2025 to shareholders of record on October 31, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.About Cardinal Energy Ltd. Cardinal is a Canadian oil and natural gas company wit ...
Iraq Ships 2.5 Million Barrels of KRG Oil Following Export Restart
Yahoo Finance· 2025-10-14 19:27
Iraq has exported around 2.5 million barrels of crude oil from the Kurdistan Region since flows resumed on September 27, following a two-and-a-half-year suspension, according to Hamdi Shingali, deputy director of the State Oil Marketing Organization (SOMO). Shipments, averaging 190,000 barrels per day, are being transported through the Fishkhabur–Ceyhan pipeline to Türkiye, marking a major milestone in Iraq’s efforts to restore its northern exports. Shingali told Shafaq News that operations have “returned ...
Crude Prices Pressured by US-China Trade Tensions and Robust Global Oil Supplies
Yahoo Finance· 2025-10-14 19:18
Core Insights - Crude oil and gasoline prices have retreated, with crude reaching a 5.25-month low due to escalating US-China trade tensions and an IEA forecast of a record global oil glut of 4.0 million bpd for 2026 [2][3] Group 1: Market Dynamics - The US-China trade conflict has intensified, leading to a risk-off sentiment in asset markets, which negatively impacts crude prices [2][3] - Cooling tensions in the Middle East have reduced the risk premium in crude prices, further contributing to the decline as the likelihood of supply disruptions decreases [3] Group 2: Production and Supply Factors - OPEC+ has agreed to a modest increase of 137,000 bpd in crude production starting in November, which is below market expectations, while also planning to reverse a previous production cut of 2.2 million bpd [4] - Russia's crude production has been affected by Ukrainian attacks on refineries, limiting its export capabilities and supporting oil prices [5]