MEG Energy Appoints New Board Chair
November 8, 2023
MEG Energy Appoints New Board Chair Canada NewsWire CALGARY, AB , N…
Cardinal Energy Ltd. Announces Third Quarter 2023 Operating and Financial Results, Appointment of a New Director, Establishment of Thermal Operating Unit and Our 2024 Budget
November 6, 2023
Calgary, Alberta–(Newsfile Corp. – November 6, 2023) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal…
Pine Cliff Energy Ltd. announces strategic acquisition, new term debt facility and monthly dividend
November 1, 2023
Oil and Gas 360 Calgary, Alberta–(Newsfile Corp. – October 31, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) is pleased to announce that it has entered into a definitive agreement (the “Agreement“) to offer to acquire all of the issued and outstanding common shares (the “Common Shares“) of Certus Oil & Gas Inc (“Certus“), a privately
bp interim CEO denies U.S. shale acquisition claims, defends focus on energy transition
October 31, 2023
World Oil (Bloomberg) – bp Plc’s temporary boss gave a robust defense of the company’s strategy, batting away suggestions that he needs to follow the big oil deals done by U.S. competitors Exxon Mobil Corp. and Chevron Corp. “We’re focused really on transition” to net zero emissions, Interim Chief Executive Officer Murray Auchincloss said on Tuesday. bp’s growth engines will be clean
bp’s quarterly results bring “quiet” Canadian interim CEO into spotlight after Looney’s suprise resignation
October 30, 2023
World Oil (Bloomberg) – Less than two months since Bernard Looney’s shock resignation, BP Plc is going into its first set of quarterly results without a permanent chief executive officer. In his place will stand Murray Auchincloss, the 53-year old Canadian interim CEO who was parachuted into the top job from the position of chief financial officer after Looney admitted he had
NOG provides preliminary financial and operational updates for the third quarter of 2023
October 25, 2023
Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third quarter of 2023. HIGHLIGHTS Strong organic and Ground Game activity driving additional development Q3 Ground Game transactions expected to add 5.7 net in-process and
Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO
October 25, 2023
US News LONDON – Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, it said on Wednesday. The staff cuts and organizational changes come after Sawan, who took the helm in January, vowed to revamp Shell’s strategy to focus
International drilling rebound helps SLB beat earnings estimates
October 20, 2023
Oil Price Oilfield services giant SLB (NYSE: SLB) reported on Friday higher-than-expected earnings for the third quarter as global drilling demand further strengthened amid what the world’s biggest oilfield services provider described as an ongoing “multiyear growth cycle”. SLB posted a net income of $1.12 billion for the third quarter, up by 9% sequentially and up by 24% year-on-year. Earnings per
Disciplined oil & gas companies successful in winning back investors
October 19, 2023
Oil Price Investors are returning to oil and gas, drawn in by strict capital discipline and improving bottom lines. Fundraising on debt and equity markets is on the rise for the oil industry, at least in the United States. Still, the global chronic underinvestment in new supply is compromising future energy security. A recent analysis by the Financial Times showed that small oil
Prairie Operating Co. announces effective date of reverse stock split, corporate name change and stock symbol change
October 16, 2023
Oil and Gas 360 HOUSTON, TX, Oct. 16, 2023 (GLOBE NEWSWIRE) — Prairie Operating Co. (OTCQB: CRKR; the “Company” or “Prairie”) today announced that on October 12, 2023, the Company filed with the Delaware Secretary of State a Certificate of Amendment to the Certificate of Incorporation of the Company, effective as of earlier today, to effect a reverse stock split
Shell shares hit record high with stronger focus on oil, gas business
October 16, 2023
World Oil (Bloomberg) – Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors. Shares of the company rose as high as 2,763 pence in London on Monday, marking a threefold increase from the pandemic-era low of 878.3 pence three years ago. The price
Civitas issues statement in conjunction with debt offering
October 10, 2023
Oil and Gas 360 DENVER–(BUSINESS WIRE)– Civitas Resources’ (NYSE: CIVI) (“Civitas” or the “Company”) CEO Chris Doyle today issued the following statement in conjunction with the Company’s recently announced debt offering: “Today’s debt offering is expected to successfully finance our accretive Vencer acquisition. There is inherent flexibility in our capital structure, and we see tremendous value in our equity at today’s
