Halliburton beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts' average estimate of $2.17 billion. Halliburton said the results were supported by increased stimulation activity in U.S. land and Canada, and higher completion tool sales and increased wireline activity in the Gulf of [Read more]
Kazakhstan’s largest oilfield to return from maintenance on October 24, minister says
Kazakhstan's Chevron-led Tengiz oilfield, the country's largest, has been undergoing maintenance which is due to be completed on October 24, Energy Minister Erlan Akkenzhenov told Reuters on Tuesday. Tengizchevroil (TCO), Kazakhstan's largest producer, reached record monthly output of 3.715 million metric tons, or around 953,000 barrels per day, in August at the field. An industry source said the field had reduced oil production in the first 19 days of October by around 27% from [Read more]
China gets tenth cargo from Russia’s Arctic LNG 2 despite sanctions
China has received a tenth cargo of liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, LSEG and Kpler data show, despite U.S. and EU sanctions imposed on the project. The Arctic Mulan tanker, which is also under Western sanctions, berthed at the Beihai LNG Terminal in the southwestern region of Guangxi on October 17, Kpler data showed. Its registered owner is Zinnia International and its commercial manager is Skyhart Management Services, both with registered addresses in [Read more]
Japan to act in national interest on Russian energy, says industry minister
Japan's Trade Minister Yoji Muto said on Tuesday that the country will act appropriately based on its national interest, while maintaining close coordination with the international community, when asked about Russian energy imports. Last week, U.S. Treasury Secretary Scott Bessent said he told Japanese Finance Minister Katsunobu Kato that the Trump administration expects Japan to stop importing Russian energy. U.S. President Donald Trump is expected to visit Asia later this month. Tokyo [Read more]
Venture Global ready to introduce natural gas into final part of Plaquemines LNG plant, filing shows
Venture Global has asked federal regulators for permission to introduce natural gas by Thursday into the final block of its Plaquemines LNG plant, according to a regulatory filing on Monday. If the Federal Energy Regulatory Commission grants the permission, Venture Global will soon be producing LNG from its entire Plaquemines plant, more than a year ahead of when it is expected to provide its first set of long term customers with their contracted amounts of gas. Completion of the [Read more]
Key Alaska LNG pipeline study will be completed this year, US Interior Secretary Burgum says
The backers of a proposed 800-mile (1,287 km) gas pipeline in Alaska championed by U.S. President Donald Trump expect to complete a key engineering and cost study by the end of this year, Interior Secretary Doug Burgum said on Monday. The ambitious proposal to transport gas from Alaska's far north to the Gulf of Alaska has been talked about for decades but has received new impetus under Trump, who has sought to boost U.S. development of fossil fuels. The pipeline is a joint venture between [Read more]
Power outage triggers shutdown at Suncor’s Montreal Refinery
Suncor on Monday reported that a power outage prompted a shutdown at its 137,000 barrels-per-day Montreal refinery. "There will be an increase in the flame flare when our activities are restarted," the company said in a notice. (Reporting by Ashitha Shivaprasad in Bengaluru) [Read more]
US business lobby urges Trump to end new curbs on exports to China
A lobbying group whose board includes U.S. firms like Oracle, Amazon.com and Exxon Mobil is urging the Trump administration to immediately suspend a rule it says halted billions of dollars' worth of U.S. exports and will prompt China and other countries to drop U.S. firms from their supply chains. In a letter addressed to President Donald Trump and seen by Reuters, the National Foreign Trade Council takes aim at the so-called Affiliates Rule, which bars American companies from shipping goods and [Read more]
US natural gas exports to Mexico hit record highs, EIA says
U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day (bcfd) in May 2025, the most of any month on record as Mexico's demand for natural gas increases, the U.S. Energy Information Administration said on Monday. On an annual basis, U.S. natural gas pipeline exports to Mexico averaged 6.4 bcfd in 2024, a 25% increase compared with 2019 and the highest on record in data going back as early as 1975, the EIA report stated. "Total consumption of natural gas in [Read more]
US natural gas prices surge 8% as colder weather boosts demand
U.S. natural gas futures jumped about 8% to a one-week high on Monday on forecasts for much colder weather and higher heating demand over the next two weeks than previously expected and on a decline in output so far this month and near-record flows of gas to liquefied natural gas (LNG) export plants. Front-month gas futures for November delivery on the New York Mercantile Exchange rose 24 cents, or 8.0%, to $3.248 per million British thermal units (mmBtu), putting the contract on track for [Read more]
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