Oil & Gas 360 – Page 151

EnerCom announces Chris Wright, Chairman and Chief Executive Officer of Liberty Energy, as Keynote Speaker at the 29th Annual EnerCom Denver – The Energy Investment Conference- oil and gas 360

Register for the 29th annual EnerCom Denver – The Energy Investment Conference on August 18-21, 2024

May 31, 2024

Oil and Gas 360 Register now for the 29th annual EnerCom Denver – The Energy Investment Conference featuring a diverse group of public and private energy companies at www.enercomdenver.com A growing list of companies has confirmed their participation, and additional companies are being added to the lineup daily Presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies Chris Wright,

The pipeline project preparing for Canada’s largest ever corporate bond deal

May 31, 2024

Oil Price In a landmark move for the Canadian financial markets, Coastal GasLink LP, partially owned by KKR & Co., is set to initiate the largest corporate bond deal in Canada’s history. The pipeline project, located in Western Canada, is preparing to issue up to C$4 billion ($2.9 billion) in bonds to refinance its existing construction debt. This unprecedented offering

Hess shareholders approve merger with Chevron

May 31, 2024

Yahoo Finance HOUSTON (Reuters) – Hess Corp on Tuesday approved the company’s $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of Hess’ 308 million shares outstanding to pass. The company did not immediately provide the vote tally.

U.S. drivers overwhelmingly prefer gasoline cars to EVs

May 31, 2024

Oil Price Americans continue to be fans of gasoline-powered vehicles and prefer them to electric vehicles (EVs) and hybrids, a new study by KPMG has shown. Assuming all costs and features are the same, just 21% of consumers prefer an EV, the inaugural KPMG American Perspectives Survey found. The survey assessed the views of 1,100 adults nationwide to understand their outlook

OPEC+ expected to extend oil production cuts

May 31, 2024

Oil Price The OPEC+ group is likely to roll over their current production cuts into the second half of 2024 when producers meet online this weekend, according to analysts and market expectations. The alliance is likely to extend the current 2.2 million barrels per day (bpd) production cuts, four anonymous OPEC+ delegates told CNBC ahead of the crucial meeting. The group would

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had no change over last week, is at 600

May 31, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had no change over last week, resulting in a total count of 600 rigs. Canada had an increase of 8 over last week, resulting in a total Canadian count of 128 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford, and the

Oil giants Exxon, Chevron lean on big-ticket deals to build bigger reserves

May 31, 2024

Yahoo Finance Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come. The consolidation wave sweeping through the U.S. energy sector that spurred deals worth $250 billion in 2023 shows no signs of slowing as companies rush to deploy their cash hoard from higher

Diversified Energy joins the Russell 2000® Index

May 30, 2024

Oil and Gas 360 Publisher’s Note: Diversified Energy Company will be presenting at EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend. A Broader Audience of Investors is Expected to Expand our Shareholder Base and Enhance Trading Liquidity BIRMINGHAM, AL / ACCESSWIRE / May 29, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) (“Diversified” or the

HighPeak Energy, Inc. and Priority Power announce commissioning of WildHorse Solar Farm

May 30, 2024

Oil and Gas 360 FORT WORTH, Texas and MIDLAND, Texas, May 30, 2024 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or “HPK”) (NASDAQ: HPK), a leading independent oil and natural gas company, has recently completed and commissioned a new solar facility, the WildHorse Solar Farm, in its Flat Top operating area. The WildHorse Solar Farm was developed and is owned

Surge Energy Inc. announces non-core asset sales; commencement of Phase 2 return of capital framework; normal course issuer bid; base dividend increase; sparky crude oil discovery; and updated 2024 guidance

May 30, 2024

Oil and Gas 360 CALGARY, AB, May 29, 2024 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce a number of recent positive operational and financial developments, including: the sale of certain non-core assets, achievement of Management’s Phase 2 net debt1 target, an anticipated increase to Surge’s base dividend, the intention to institute a normal course issuer

Republicans warn Biden against using Strategic Petroleum Reserve as “political tool” amid rising summer gas prices

May 30, 2024

World Oil (Bloomberg) – Top Republicans are warning the Biden administration against tapping into the nation’s strategic oil reserve to bring down gasoline prices with five months to go before the presidential election. The message, sent in a letter Wednesday to Energy Secretary Jennifer Granholm, comes as Biden administration officials have hinted they may be willing to release oil from

Saudi Aramco set to announce secondary share sale

May 30, 2024

Oil Price Saudi Arabia is expected to launch as soon as Sunday a secondary share sale in its oil giant Aramco, Reuters reported on Thursday, quoting sources familiar with the plans. The landmark new share offering needs final approval from Saudi Crown Prince Mohammed bin Salman, according to Reuters’ sources. Last week, reports started emerging that Saudi Aramco planned to sell more shares as

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