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ExxonMobil makes new discovery off Guyana s coast 6/9/2021 ExxonMobil has made a new discovery at Longtail-3 in the Stabroek Block offshore Guyana, as the U.S. oil major develops one of the world s most important new oil and gas blocks in the last decade. Exxon operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corp and China s CNOOC Ltd. It began production at the block in 2019. The company, however, did not specify the size of the latest discovery s oil and gas reserves. The latest find continues the consortium s long string of discoveries in Latin America s newest crude producing nation and underscores the importance of Guyana to Exxon for increasing its future oil output. ....
By Reuters Staff 2 Min Read (Reuters) - U.S. liquefied natural gas developer Tellurian Inc said on Thursday it signed a 10-year agreement with Vitol, the world’s largest independent energy trader, for 3 million tonnes per annum (MTPA) of LNG. The agreement is valued at about $12 billion in revenue over the deal period, Tellurian said. Demand for LNG has surged in recent years as nations including China and India buy more of the super-cooled fuel to meet fast-growing energy needs while also weaning consumers off dirtier coal. Last week, Tellurian also signed a 10-year agreement with commodity trader Gunvor Group for 3 MTPA of LNG. The LNG would be delivered from Driftwood LNG, a 27.6 MTPA liquefaction facility it proposed near Lake Charles, Louisiana in the U.S. Gulf Coast. ....
Brookfield Infrastructure Partners on Wednesday raised its hostile bid to buy Inter Pipeline Ltd to C$8.48 billion ($7.02 billion), topping Pembina Pipeline… ....
Pot producer Canopy’s loss narrows on cost cuts, higher demand FILE PHOTO: A sign featuring Canopy Growth Corporation s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo June 1, 2021 (Reuters) -Canopy Growth Corp’s chief executive reassured investors that the world’s most valuable pot producer is on track to be profitable within a year, shrugging off a slightly weaker-than-expected fourth-quarter performance. The company, which sells a range of products from dried flowers to gummies, to chocolates and drinks mixed with weed, said its fourth-quarter revenue surged nearly 38% to C$148.4 million, but still fell short of analysts’ estimates of C$151.8 million, according to Refinitiv IBES ....
(Reuters) - Canopy Growth Corp reported a smaller adjusted loss for the fourth quarter on Tuesday as the pot producer benefited from cost-cutting meas. ....