Finance

Source: World Oil

APA to increase global oil and gas production in 2024 with $2 billion upstream investment

World Oil


(WO) – On Feb. 21, APA Corp. released its 2023 financial results and 2024 operational outlook. In the report, APA forecasted strong U.S. oil growth in 2024, approximately 8% year-over-year and more than 10% from fourth-quarter 2023 to …

Source: Oil Price

U.S. diesel exports to Europe slump as distillate markets tighten

Oil Price


U.S. diesel exports to Europe have tumbled so far in February amid lower refinery output and tighter supplies in America, which have decreased arbitrage opportunities and further tightened European diesel supplies.

Europe’s imports of U.S. diesel have nearly …

Source: Reuters

Top global energy traders face multi-billion cash quandary

Nasdaq


LONDON – As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their cash.

Most trading houses, which are privately owned …

February 26, 2024 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Shell earned $2.4 billion from LNG trading in Q4

Oil Price


Shell earned $2.4 billion from LNG trading in the fourth quarter amid strong demand for the fuel ahead of the winter, with LNG trades contributing to almost a third of its Q4 adjusted earnings, Reuters reported on Friday, …

February 23, 2024 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, LNG
Source: Reuters

JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning move

Fox Business


JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global …

Source: Reuters

Oxy beats expectations with robust Q4 results

Oil Price


Occidental Petroleum reported its strongest quarterly financial results in three years for the final three months of 2023, beating analyst expectations.

Net income attributable to shareholders came in at $1 billion for the period, which translated into $1.08 …

CNX Resources Corporation Announces Pricing of $400 Million of Senior Notes

CNX Resources Corporation Announces Pricing of $400 Million of Senior Notes

CNX Resources Corporation Announces Pricing of $400 Million of Senior Notes PR Newswire…

February 12, 2024 - 6:01 pm Finance, Press Releases
Source: Reuters

Barclays looks to avoid greenwashing while financing the energy transition

Oil Price


UK banking giant Barclays is looking to avoid claims of greenwashing with a new set of guidelines about what ‘transition finance’ is and how its new transition finance team should apply it.

The bank, which has just published …

Hillcrest Announces Closing of First Tranche of Non-Brokered Private Placement and Provides Additional Updates

Hillcrest Announces Closing of First Tranche of Non-Brokered Private Placement and Provides Additional Updates

Vancouver, British Columbia–(Newsfile Corp. – February 9, 2024) – Hillcrest Energy Technologies …

February 9, 2024 - 8:30 am Finance, Press Releases
BP boosts share buybacks as earnings exceed estimates

BP boosts share buybacks as earnings exceed estimates

Oil Price


BP (NYSE: BP) is accelerating share buybacks as it looks to return more cash to shareholders after posting Q4 and full-year 2023 earnings above expectations.

BP reported on Tuesday an underlying replacement cost profit – the …

Source: Reuters

PREVIEW-Orsted’s strategic shake-up has investors worried

Nasdaq


COPENHAGEN – Orsted ORSTED.CO is expected to trim investment plans and cut dividends on Wednesday as it presents a new strategy but investors are worried that the Danish renewable energy firm may want to raise new capital to stick …

Source: World Oil

QatarEnergy to increase production from Qatar’s largest oil field with $6 billion contract packages

World Oil


(WO) – QatarEnergy has announced the award of the four main Engineering, Procurement, Construction, and Installation (EPCI) contract packages related to the next development phase of the offshore Al-Shaheen field (Qatar’s largest oil field) to increase production by …

StoneX Becomes Abaxx Exchange’s First Clearing and Trading Member to Expand Market Offering

StoneX Becomes Abaxx Exchange’s First Clearing and Trading Member to Expand Market Offering

SINGAPORE, Jan. 30, 2024 (GLOBE NEWSWIRE) — StoneX Financial Pte Ltd (“StoneX”), a…

January 30, 2024 - 7:39 am Finance, Press Releases
Battalion Oil Corporation announces operations and financial update

Battalion Oil Corporation announces operations and financial update

Oil and Gas 360


Houston, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced certain financial and operating updates.

Key Highlights

  • Acid gas injection (“AGI”) well is projected to be
Source: Reuters

Hedge fund calls on bp to increase oil and gas investment, cut renewable spending

World Oil


(Bloomberg) – Hedge fund Bluebell Capital Partners called on bp Plc to bolster investments into oil and gas and cut spending on renewable energy, saying the company’s shift away from fossil fuels is misguided and weighing on the …

NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes

NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries N…

January 25, 2024 - 4:58 pm Finance, Press Releases

Wilton Resources Inc. Announces Private Placement Financing

Calgary, Alberta–(Newsfile Corp. – January 25, 2024) – Wilton Resources Inc. (TSXV: WIL) (the “…

January 25, 2024 - 3:00 pm Finance, Press Releases

Nuclear Fuels Announces Completion of Bought Deal Offering, Including Full Exercise of Over-Allotment Option

Vancouver, British Columbia–(Newsfile Corp. – January 24, 2024) – Nuclear Fuels Inc. (CSE: NF) (…

January 24, 2024 - 8:46 am Finance, Press Releases
First Phosphate Announces Closing of the Third and Final Tranche of Oversubscribed Private Placement Financing for Total Gross Proceeds of $8.2 Million

First Phosphate Announces Closing of the Third and Final Tranche of Oversubscribed Private Placement Financing for Total Gross Proceeds of $8.2 Million

Saguenay, Quebec–(Newsfile Corp. – January 22, 2024) – First Phosphate Corp. (CSE: PHOS) (OTC: F…

January 22, 2024 - 8:30 am Finance, Press Releases
Source: Reuters

Oilfield services giant SLB tops profit estimates amid overseas business strength

Investing


Investing.com — Oilfield services giant SLB (NYSE:SLB) has reported fourth-quarter profit that topped analyst estimates and bumped up its dividend.

Houston-based SLB posted a 21% jump in net income attributable to shareholders, excluding charges and credits, to …

Top oil and financial firms made $424 billion in windfall profits in two years

Top oil and financial firms made $424 billion in windfall profits in two years

Oil Price


The biggest oil companies and the top financial institutions generated combined windfall profits of as much as $424 billion in the two years to June 2023, a report by ActionAid and Oxfam showed this week.

ActionAid and Oxfam …

Cowboy Clean Fuels announces significant funding award to support commercialization of technology and build out of initial project in Wyoming

Cowboy Clean Fuels announces significant funding award to support commercialization of technology and build out of initial project in Wyoming

Oil and Gas 360


The Wyoming Energy Authority has awarded CCF approximately $7.8 mm through the

 Energy Matching Funds program

 Machan Investments, CCF’s lead investor, has committed an additional $7.8 mm in equity capital to match and enable the funding

Source: Reuters

US energy tax credit trading grows to as much as $9 billion, study finds

Nasdaq


NEW YORK – Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a …

Energy Transfer LP Announces Pricing of $3 Billion of Senior Notes and $800 Million of Fixed-to-Fixed Reset Rate Junior Subordinated Notes

Energy Transfer LP (NYSE: ET) today announced the pricing of its concurrent offerings of $1.25 bi…

January 10, 2024 - 8:00 pm Finance, Press Releases

Pembina Pipeline Corporation Announces $1.8 Billion Public Note Offering

Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today t…

January 10, 2024 - 5:55 pm Finance, Press Releases
Source: Reuters

Yellen says clean energy tax credits will help Americans save money, more work needed

Yahoo Finance


BOSTON – U.S. Treasury Secretary Janet Yellen said on Wednesday that more work was needed to lower living costs for Americans but the Biden administration’s clean energy tax credits will help save people money and shield them from …

Energy Transfer LP Announces Public Offering of Senior Notes and Fixed-to-Fixed Reset Rate Junior Subordinated Notes and Redemption of Select Preferred Units

Energy Transfer LP (NYSE: ET) today announced its intention, subject to market and other conditio…

January 10, 2024 - 8:50 am Finance, Press Releases
Grow Credit Partners with 2 Million Users Super App Beem to Tackle Inflation

Grow Credit Partners with 2 Million Users Super App Beem to Tackle Inflation

Beem leverages the Grow API to boost customers’ credit scores. Grow leverages Beem’s AI/ML powere…

January 9, 2024 - 6:00 am Finance, Press Releases
Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the “ETNs”)

Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the “ETNs”)

Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded N…

January 5, 2024 - 8:30 am Finance, Press Releases
Source: Oil Price

“Oil Five” sovereign wealth funds pass $4 trillion mark

Oil Price


The sovereign wealth funds of the Gulf Cooperation Council members topped $4 trillion last year, which was an all-time high.

Called the “Oil Five”, the group of top sovereign wealth funds includes three entities from the United Arab …