SilverBow Resources sends letter to shareholders highlighting path forward for value creation
04/22/2024
Believes Kimmeridge Efforts to Gain Control Through Proxy Fight Is Another Path to Forcing a Value Destructive Combination With KTG
Energy News
GeoPark announces final results of its tender offer
Bogota, Colombia – April 22, 2024 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced
the final results of its tender offer …
Petrobras, bp to expand exploration, production ventures with new E&P contract
(WO) – Petrobras and bp signed a Memorandum of Understanding (MoU) to promote discussions and collaboration between the two companies. The non-binding agreement focuses on business opportunities in exploration, and production (E&P), sustainable fuels, carbon credits, refining. The …
Register for the 29th annual EnerCom Denver – The Energy Investment Conference, August 18-21, 2024
Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com
EnerCom Denver– The Energy Investment Conference celebrates 29 years of bringing …
As shale oil gains slow, deepwater port struggles for customers
HOUSTON – As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.
In April, Enterprise Products Partners’ …
Wildfire near Canadian oil sands in Alberta prompt evacuation alert
(Bloomberg) –A 74-acre (30—hectare) wildfire in the Canadian oil sands prompted an evacuation alert for a community near Fort McMurray, the biggest city in the region.
Residents of Saprae Creek, located about 25 kilometers (16 miles) by car …
Brent falls to $86 as traders unfazed by Mideast conflict
LONDON – Global oil benchmark Brent slipped on Monday to around $86 a barrel as traders turned their focus to inflation, with tensions in the Middle East having so far left actual supplies unperturbed.
Brent futures were down …
Santos eyes first oil production from Alaska’s Pikka Project in 2026
(WO) – In its quarterly report, Australia’s Santos Ltd. announced it expects first oil production from it’s Pikka Project in 2026.
The Pikka project, in Alaska’s North Slope, has made “excellent progress over the winter months in Alaska,” …
US restricts drilling and mining in Alaska wilderness, angering state leaders
The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources, but pleasing …
Oil slips after Iran plays down reported Israeli attack
Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli attacks on its soil, in a sign that an escalation of hostilities in the Middle East might be avoided.…
BP’s gas and renewables boss steps down, as CEO shrinks leadership
LONDON – BP said on Thursday its head of natural gas and low carbon energy Anja-Isabel Dotzenrath will step down after just over two years, while CEO Murray Auchincloss announced plans to simplify its management structure.
Dotzenrath, who …
ReconAfrica to begin drilling potential play-opening exploration well onshore Namibia
Publisher’s Note: ReconAfrica is confirmed as a presenter at EnerCom Denver- The Energy Investment Conference on August 18-21, 2021. Register to attend.
(WO) – In an operations update, Canadian oil and gas company Reconnaissance Energy Africa Ltd. (“ReconAfrica”) …
Brazil’s plans to drill for oil in the Amazon hit stiff Indigenous resistance
OIAPOQUE, Brazil (Reuters) – State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil’s northern coast to oil drilling.
Environmental …
LNG pipeline export projects to drive U.S. natural gas trade growth, EIA reports
(WO) – In the Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasted that U.S. liquefied natural gas (LNG) exports will keep leading the U.S. natural gas sector as three LNG export projects soon begin operations …
Join the IN! crowd at EnerCom Denver’s annual charity golf tournament, sponsored by Global Sponsor Netherland, Sewell & Associates (NSAI)
EnerCom Denver – The Energy Investment Conference will be held August 18–21, 2024, at the Westin Denver Downtown. We invite you to be part of an unforgettable day of fun as the conference kicks off with …
Zephyr Energy plc (“Zephyr” or the “Company”) – State 36-2R well drilling operations update
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now …
What the fresh march higher in oil means for world markets
LONDON – Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia.
Investors are paying …
Offshore oil and gas industry to foot $6.9 billion decommissioning costs under new BOEM regulation
(WO) — On Monday, April 15th, the Department of the Interior announced a final rule from the Bureau of Ocean Energy Management (BOEM) that requires the oil and gas industry to raise nearly $7 billion for …
PEDEVCO provides update on new Permian Basin wells
HOUSTON, TX / ACCESSWIRE / April 17, 2024 / PEDEVCO Corp. (NYSE American:PED) (“PEDEVCO” or the “Company”), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today …
Oil falls over $1 as demand worries outweigh MidEast supply risks
Oil prices slipped more than $1 on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand.
Brent futures for June were …
Chevron launches $500 million fund to invest in renewable energy technologies
Publisher’s Note: Chevron Corp, (NYSE: CVX) is confirmed for EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend.
(Bloomberg) – Chevron Corp.’s venture arm launched a fund — its third — with a …
Kimmeridge Energy Management withdraws merger offer for shale driller SilverBow Resources
Publisher’s Note: SilverBow Resources, (NYSE: SBOW) is scheduled to present at EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend.
(Bloomberg) – Shale oil driller SilverBow Resources Inc. dropped more than 6% after …
Mexico’s Presidential hopeful bets on natural gas and solar
The frontrunner in Mexico’s next presidential elections, Claudia Sheinbaum, will invest billions in new natural gas generation capacity and solar power, Bloomberg has reported, citing a plan presented to local business leaders.
The plan also …
Continental Resources founder Harold Hamm appointed to IPAA Board of Directors
(WO) – Last week, the Independent Petroleum Association of America (IPAA) – advocating for thousands of oil and natural gas producers that develop 90% of wells nationwide- held its spring Board of Directors meeting in Washington, D.C. and …
Biden unlikely to cut Iran’s oil lifeline after Israel attack
WASHINGTON – Iran’s unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions action on Iran’s oil exports from the Biden administration due to worries about boosting oil prices and angering top buyer China, said …
U.S oil operators are drilling shale wells faster than fracking them following “record” 2023 production, EIA reports
(Bloomberg) – Shale operators are drilling wells faster than they’re fracking them.
Oil companies added to the number of drilled-but-uncompleted wells, known as the fracklog, last month for the first time in more than a year, according to …
U.S. CO2 emissions down 17% since 2005, despite 2022 increase
U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April.
The EPA’s neutral policy …
EQT announces non-operated asset transaction with Equinor
PITTSBURGH, April 15, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT”) announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its …
