Petroteq Responds to Unsolicited Takeover Bid by Viston United Swiss AG
October 27, 2021
Petroteq remains committed to maximizing value for all stakeholders and is considering poten…
Suncor Energy reports third quarter 2021 results
October 27, 2021
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollar…
Suncor accelerates increased returns to shareholders
October 27, 2021
Increases dividend by 100% Increases NCIB program to purchase up to 107 million…
Marathon Oil Corporation Declares Third Quarter 2021 Dividend
October 27, 2021
Marathon Oil Corporation Declares Third Quarter 2021 Dividend PR Newswire …
North American Construction Group Ltd. Announces Results for the Third Quarter Ended September 30, 2021
October 27, 2021
ACHESON, Alberta, Oct. 27, 2021 (GLOBE NEWSWIRE) — North American Construction Group Ltd. …
Phillips 66 to buy remaining stake in partnership for $3.4 billion
October 27, 2021
Reuters Phillips 66 said on Wednesday it will buy the remaining units of Phillips 66 Partners it does not already own for $3.4 billion, as the refiner aims to simplify its governance and corporate structure. Phillips 66 Partners was formed by the refiner to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids
Oil prices slump on rising U.S. crude inventories
October 27, 2021
World Oil SINGAPORE (Bloomberg) –Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so far this week. The American Petroleum Institute reported crude stockpiles rose 2.32 million barrels last week, while gasoline and distillate supplies also edged up. Crude was
Hess beats profit estimates on surging crude and gas prices
October 27, 2021
Reuters U.S. oil producer Hess Corp on Wednesday reported a better-than-expected quarterly profit, as soaring prices for crude and gas cushioned the hit from lower production. Shale producers in the United States are poised to deliver their strongest earnings since the onset of the COVID-19 pandemic as prices for oil and gas have sky rocketed. U.S. crude averaged roughly $71
Saudis express ‘huge concern’ over falling global oil supply capacity
October 27, 2021
World Oil RIYADH (Bloomberg) –Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s capital. “The spare capacity is shrinking.” His comments come with crude prices having soared 70% this year to around
Investors on board as U.S. oil majors dismiss wind and solar projects
October 27, 2021
BOE Report Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said
Trick or Treat? 2 TSX Stocks Could Be Dividend Traps
October 27, 2021
It’s almost Halloween, and the TSX is still on an upward trend, despite the threats …
Vine Energy Inc. drills longest onshore horizontal well in state of Louisiana
October 27, 2021
Business Wire PLANO, Texas–(BUSINESS WIRE)–Vine Energy Inc. (NYSE: VEI) announced today the conclusion of the drilling phase of the longest onshore horizontal well in the State of Louisiana. The CHKMIN 20-29-32HC-01 ALT was recently drilled in Sabine Parish to the Mid-Bossier formation with an estimated lateral of 15,240 feet and total measured depth of 27,520 feet. The well was
