Carolyn Davis

Shell plc, the world’s leading LNG trader, reported mixed results in the second quarter, buffeted by lower natural gas realizations and volumes from a year ago.

Houston-based NexTier Oilfield Solutions Inc. has maintained “relatively consistent activity” even as the U.S. rig count declined, with the oilfield services outlook more positive into 2024 as global demand rises, CEO Robert Drummond said Wednesday.

EQT Corp., the nation’s largest natural gas producer, has snagged an agreement to supply the proposed Lake Charles LNG project in Louisiana with 1 million metric tons/year (mmty), or 135 MMcf/d, advancing a strategy to supply overseas markets with Appalachia production.

Houston-based Buckeye Partners LP on Monday said it would buy Elysian Carbon Management in a sign that mirrors ExxonMobil’s recent decision to snap up Denbury Inc. to expand carbon capture services.

Range Resources Corp., whose fortunes are tied to the Marcellus Shale, faced headwinds during the second quarter on weaker natural gas prices, but longer-term fundamentals are stronger as global demand grows, CEO Dennis Degner said Tuesday.

Chevron Corp.’s legacy Permian Basin operations recorded an 11% jump in oil and gas output in the second quarter from a year ago, a new quarterly record, the supermajor said.

To advance North American natural gas pipeline expansions, TC Energy Corp. on Monday agreed to monetize a 40% stake in the Columbia systems via a joint venture (JV) with Global Infrastructure Partners (GIP). 

Peak natural gas and oil demand could be met in the 2030s without a substantial increase to current investment levels of $500 billion a year, according to Wood Mackenzie.

Lower natural gas prices have reduced drilling activity in the Lower 48, but expect that to change by next year as LNG export projects advance and more supply heads south of the border, Liberty Energy Inc. CEO Chris Wright said Thursday.

Worldwide demand for natural gas and oil remains solid, demonstrating the “critical” role that fossil fuels continue to play in the economy, according to Halliburton Co. CEO Jeff Miller.