Wednesday, August 5, 2026
Diamond Offshore's Ocean Endeavor

$1 Trillion Norway Sovereign Fund Considers Divesting Oil & Gas

Move will reduce massive exposure to oil prices Norway’s sovereign wealth fund is considering dropping oil and gas companies from its investments, according to a statement made yesterday. Norway’s deputy central bank chief Egil Matsen, who supervises the fund, told Reuters that it is considering divesting these assets over time. “Our advice is to simply remove the oil and gas

Helmerich & Payne (HP) Plans to Upgrade More Rigs

H&P’s U.S. land market share increased from 15% to 20% from September 30, 2016 to September 30, 2017 Net loss of $23 million or ($0.21) per diluted share from operating revenues of $532 million Helmerich & Payne, Inc. (ticker: HP) President and CEO John Lindsay said, “The fourth fiscal quarter headlines were dominated by oil price uncertainty which remained range-bound

Tellurian Inc. Closes Deal with Rockcliff Energy Operating

Tellurian Inc. (ticker: TELL) has closed a previously announced agreement with Rockcliff Energy Operating LLC to purchase natural gas producing assets and undeveloped acreage in northern Louisiana for $85.1 million. The assets include about 9,200 acres, 19 producing operated wells with production of 4 MMcf/d, and approximately 138 drilling locations. Tellurian estimates that the total acreage has about 1.3 TCf