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Shanti S Nair

Continental halted June oil sales while awaiting higher prices: CEO

11 May 2020

U.S. shale producers Continental Resources Inc and Callon Petroleum Co on Monday joined their peers in cutting production as the coronavirus crisis slashed oil prices and demand for fuel.

EOG Resources to shut existing wells, deepens 2020 budget cuts

07 May 2020

EOG Resources said on Thursday it was shutting existing wells and delaying the start up of about 150 net new ones until the second half of 2020, as it further cuts its spending to battle one of the worst oil price shocks in decades.

UPDATE 2-EOG Resources to shut existing wells, deepens 2020 budget cuts

07 May 2020

May 7 EOG Resources said on Thursday it was shutting existing wells and delaying the start up of about 150 net new ones until the second half of 2020, as it further cuts its spending to battle one of the worst oil price shocks in decades.

UPDATE 2-ADM Q1 profit beats estimates, as CEO cites 'many unknowns' of pandemic

29 Apr 2020

CHICAGO/BENGALURU, April 29 Global grains trader Archer Daniels Midland Co reported a drop in first-quarter revenues on Wednesday but topped Wall Street profit estimates, helped by growth in its nutritional businesses and as its agricultural services group got a boost from robust Brazilian farmer selling.

Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit

23 Apr 2020

U.S. pipeline operator Kinder Morgan Inc on Wednesday reported a smaller-than-expected quarterly profit and cut its adjusted core earnings forecast for the year, following a coronavirus-induced decline in fuel demand and a crash in crude prices.

UPDATE 1-Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit

22 Apr 2020

April 22 U.S. pipeline operator Kinder Morgan Inc on Wednesday reported a smaller-than-expected quarterly profit and cut its adjusted core earnings forecast for the year, following a coronavirus-induced decline in fuel demand and a crash in crude prices.

Half of announced North American oil cuts come from just three companies

17 Apr 2020

Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies - Chevron Corp , ConocoPhillips and Occidental Petroleum Corp - account for more than half of the cuts.

GRAPHIC-Half of announced North American oil cuts come from just three companies

17 Apr 2020

April 17 Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies - Chevron, ConocoPhillips and Occidental Petroleum - account for more than half of the cuts.

Oil firms Apache, Total make second major oil discovery offshore Suriname

02 Apr 2020

Oil producer Apache Corp and its joint venture partner Total SA said on Thursday that they made their second significant oil discovery of the year in a closely watched area off the coast of South America's Suriname.

UPDATE 2-Oil firms Apache, Total make second major oil discovery offshore Suriname

02 Apr 2020

April 2 Oil producer Apache Corp and its joint venture partner Total SA said on Thursday that they made their second significant oil discovery of the year in a closely watched area off the coast of South America's Suriname.

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