Oil and gas firm EOG Resources said today its first-quarter earnings were up 53 % to £319million ($495million), as oil and gas output from the company's wells in the Eagle Ford formation in Texas helped push up production.
natural gas prices
US oil firm Apache today announced a jump in its North Sea production.
I came here with a relatively clear diary and an ambition of visiting the show for a few hours every day and going to a variety of cocktail parties and dinners in the evenings. But it hasn't worked out that way - it never does! This year my schedule has filled up even more quickly than it has in the past, and virtually all of my time is spent in meetings at our Huston downtown headquarters and at breakfasts, lunches and dinners with clients and contacts. (note to self - must start the diet and go to the gym when home next week!).
For many the OTC week starts in earnest with the Simmons cocktail party. This is a 40 year tradition that the firm works hard at preserving by making sure that those attending are real influencers and decision makers.
A few years ago if someone had suggested that conventional offshore gas field development programmes and the LNG market would soon be under threat from shale gas they would have been thought at best eccentric and at worst suffering from some sort of delusionary illness.
Shell chief executive Peter Voser outlined a new agenda for profitability and growth for the oil giant yesterday after posting a surge in annual profits to £18billion.
BG GROUP has been the subject of speculation that Chinese state-controlled oil company Sinopec is interested in buying part of the firm's Brazilian oil assets, which are valued at around £25.6billion.
Energy service group Hunting said yesterday it had acquired privately owned Houston-based National Coupling Company (NCC), which develops and manufactures subsea hydraulic equipment, for about £38million in cash.