Oil and Gas 360 Houston, Texas, Dec. 15, 2023 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL) (“Battalion” or the “Company”) announced today that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Fury Resources, Inc. (“Buyer” or “Parent”), pursuant to which Parent will acquire all of the outstanding shares of Common Stock of
Nasdaq California’s utilities regulator on Thursday granted a five-year extension to operate Pacific Gas and Electric’s PCG.N Diablo Canyon power plant, the state’s only nuclear facility, to avoid electricity shortages during extreme weather events. The California Public Utilities Commission (CPUC) approved extended operations at the 2,240-megawatts Diablo Canyon plant’s two reactor units until 2029 and 2030, from 2024 and 2025, respectively. PG&E
Yahoo Finance Exxon Mobil’s income tax payments to the U.S. government have dropped to 3% over the past five years – several times below the company’s 20-year average – on massive deductions passed under former President Donald Trump. Corporate tax experts say Exxon could enjoy low taxes for several more years, at a time when the government needs more money
Oil Price Global coal demand is set to rise by 1.4% this year and surpass a record-high level of 8.5 billion tons for the first time, the International Energy Agency (IEA) said on Friday. While coal demand in the United States and the EU is set for a 20% record decline this year, coal use in emerging economies “remains very strong, increasing by
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 623 rigs. Canada had a decrease of 9 over last week, resulting in a total Canadian count of 185 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced
Nasdaq LONDON – Oil prices eased on Friday, following sharp gains in the previous session, after New York Federal Reserve President John Williams pushed back on surging market expectations for interest rate cuts. Brent LCOc1 futures fell 46 cents, or 0.6%, to $76.15 a barrel at 1504 GMT, but were on track for the first weekly gain in two months. U.S. West
Investing Mexican state energy company Pemex’s mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. In addition to financial debt of more than $105 billion, the company disclosed that at the end of September it owed local and foreign companies
2023-12-15 09:10:00 ET December 15, 2023 (Investorideas.com Newswire) Investorideas.com …
