More debt-reducing divestitures are coming but chief executive officer Vicki Hollub said it won’t be to bidders who “think this is a fire sale.”
Led by “superb” work in Delaware basin, the company’s second-quarter production beat projections.
The 4-million tpy LNG plant under development in Texas is the latest project approved by the US Federal Energy Regulatory Commission to see its certificate scrapped.
Management has again trimmed its capex forecast for the year but also slightly lifted production targets.
Leaders expect cash operating costs to continue to improve.
Esso Societe Anonyme Francaise entered a formal deal to sell its Fos-sur-Mer integrated refinery southern France’s Provence-Alpes-Côte d’Azur.
But the Colombian company still has route to purchase a stake via a joint venture.
CPChem has let a contract to Technip Energies NV to provide proprietary equipment for a project at an existing ethylene production unit in Sweeny, Tex.
Ecopetrol subsidiary Refinería de Cartagena has started scheduled maintenance works on three processing units at its refinery on Colombia’s northern coast.
The company and Ecopetrol in 2019 launched a joint venture that gave each the right take part in some of the other’s acquisitions.
