Corporate Governance

Source: Reuters

Shell plans to cut 20% of jobs in its M&A unit

Oil Price


The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in the M&A unit, …

Christie Raymond Appointed to Alliant Energy Board of Directors

Christie Raymond Appointed to Alliant Energy Board of Directors

The Alliant Energy Board of Directors has appointed Christie Raymond as a new director, effective…

March 8, 2024 - 5:00 pm Corporate Governance, Press Releases
Source: Reuters

Petrobras loses over $10 billion in market cap after dashing dividend hopes

Yahoo Finance


Petrobras has been a major cash cow for its shareholders in recent years, including the Brazilian government, with the prior management paying out far more than Western oil major peers.

Under new management picked by President Luiz Inacio …

Source: World Oil

YPF to exit aging Argentine oil fields to free $800 million for Vaca Muerta shale push

World Oil


(Bloomberg) – Argentina’s biggest oil and gas producer, state-run YPF SA, said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca …

Gear Energy Ltd. Announces CEO Retirement and Appointment of New CEO

Gear Energy Ltd. Announces CEO Retirement and Appointment of New CEO

Calgary, Alberta–(Newsfile Corp. – March 6, 2024) – Gear Energy Ltd. (“Gear” or the “Company”) (…

March 6, 2024 - 8:26 pm Corporate Governance, Press Releases
Pine Cliff Energy Ltd: President’s message to shareholders

Pine Cliff Energy Ltd: President’s message to shareholders

Oil and Gas 360


I hope everyone is doing well. Pine Cliff has been busy integrating our acquisition of Certus Oil and Gas, which closed on December 13th. We are pleased to report that the performance of these assets thus …

EQT announces strategic production curtailment

EQT announces strategic production curtailment

Oil and Gas 360


PITTSBURGHMarch 4, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February …

Source: Reuters

Civitas Resources to focus on Permian, DJ basin drilling, production growth in 2024

World Oil


(WO) – In its Full Year 2023 financial results, Civitas Resources revealed it increased production in the Permian and DJ basins in Q4 2023. It also unveiled plans to continue drilling momentum at the assets in 2024.

2024

Fineqia Appoints Private Equity Veteran Dr. Winson Ng to its Advisory Board

Fineqia Appoints Private Equity Veteran Dr. Winson Ng to its Advisory Board

London, United Kingdom–(Newsfile Corp. – February 29, 2024) – Fineqia International Inc.  …

February 29, 2024 - 8:54 am Corporate Governance, Press Releases
Source: Reuters

Activist investor pushes for bolder action as bp “quietly” pivots back toward oil and gas

World Oil


(Bloomberg) – bp Plc is showing signs of a pivot back toward oil and gas that should boost returns, but is doing it too quietly to benefit its share price, according to activist investor Bluebell Capital Partners.

Four

Tamarack Valley Energy Announces Year-End 2023 Financial & Reserve Results, Clearwater Resource Evaluation and Provides Operational and Guidance Update Including Executive Appointment

Tamarack Valley Energy Announces Year-End 2023 Financial & Reserve Results, Clearwater Resource Evaluation and Provides Operational and Guidance Update Including Executive Appointment

Tamarack Valley Energy Announces Year-End 2023 Financial & Reserve Results, Clearwater Resour…

February 28, 2024 - 7:00 am Corporate Governance, Oil Sands, Press Releases
ReconAfrica identifies key oil and gas exploration target for 2024 drilling campaign in Namibia

ReconAfrica identifies key oil and gas exploration target for 2024 drilling campaign in Namibia

World Oil


(WO) – Reconnaissance Energy Africa Ltd. announced an operations update. ReconAfrica continues to pursue activities as it prepares to start a multi-well drilling campaign in 2024.

To date, all surveying activity has been completed, with demining activities complete …

Chord Energy and Enerplus to combine in $11 billion transaction creating premier Williston-focused E&P Ccompany with top-tier shareholder returns

Chord Energy and Enerplus to combine in $11 billion transaction creating premier Williston-focused E&P Ccompany with top-tier shareholder returns

Oil and Gas 360


Enhanced Operating Scale to Drive Returns and Free Cash Flow; Combined Acreage Position
Totaling 1.3 Million Net Acres and Combined 4Q23 Production of 287,000 Boepd

Combined Company has Approximately 10 years of Low-Breakeven Inventory with Significant

Zephyr Energy clears key regulatory hurdle to progress well drilling project in Utah

Zephyr Energy clears key regulatory hurdle to progress well drilling project in Utah

World Oil


(WO) – Rocky Mountain-based oil and gas company Zephyr Energy plc has received state and federal Sundry Notice approvals for the amendment of the drilling permit related to the forthcoming “twinned” redrill of the State 36-2 well. These …

Source: Oil Price

U.S. firms slow hiring for ESG roles

Oil Price


The American bubble of hiring managers in environmental, social, and governance roles is starting to bust amid pressures for firms to cut costs and backlash from investors against ESG.

The number of departures in ESG roles exceeded arrivals …

Healing Realty Trust Further Bolsters Board of Directors with Appointment of America’s Leading Mortgage Banker, Shant Banosian

Jupiter, Florida–(Newsfile Corp. – February 13, 2024) – Healing Realty Trust (“HRT” or the “Co…

February 13, 2024 - 8:30 am Corporate Governance, Press Releases
AEP Appoints Two New Directors

AEP Appoints Two New Directors

AEP Appoints Two New Directors PR Newswire Company enters into an agreement w…

February 12, 2024 - 4:30 pm Corporate Governance, Press Releases
Canter Appoints Ken Cunningham as Technical Advisor

Canter Appoints Ken Cunningham as Technical Advisor

Vancouver, British Columbia–(Newsfile Corp. – February 8, 2024) – Canter Resources Corp. (CSE: …

February 8, 2024 - 7:00 am Corporate Governance, Press Releases
California Resources Corporation to combine with Aera Energy

California Resources Corporation to combine with Aera Energy

Oil and Gas 360


Transaction highly accretive across key 2024E financial metrics

Complementary assets to significantly scale E&P business and expand leading carbon management platform

California Resources Corporation (NYSE: CRC) today announced the signing of a …

Healing Realty Trust Strengthens Board of Directors with Appointment of Commercial Real Estate Leader Jared Chupaila

Jupiter, Florida–(Newsfile Corp. – February 6, 2024) – Healing Realty Trust (“HRT” or the “Com…

February 6, 2024 - 8:30 am Corporate Governance, Press Releases
Ideal Group of Companies Inc. Appoints Robert Egeland as Vice Chairman and Begins Trading Under New Symbol, IDGR

Ideal Group of Companies Inc. Appoints Robert Egeland as Vice Chairman and Begins Trading Under New Symbol, IDGR

Anderson, South Carolina–(Newsfile Corp. – February 6, 2024) – Ideal Group of Companies, Inc. (O…

February 6, 2024 - 8:28 am Corporate Governance, Press Releases
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 …

Source: Reuters

Baker Hughes annual meeting: Simonelli sets agenda for “energizing change”

World Oil


(WO) – As the Baker Hughes Annual Meeting entered its first full day in Florence, Italy, on Monday, the firm’s Chairman, President and CEO, Lorenzo Simonelli (Fig. 1), set out an agenda for what he calls …

Wanderport Corporation Announces Appointment of Mr. Paul Heikkila as Chief Operating Officer

SANTA MONICA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) — Wanderport Corporation (OTC: WDRP), a hol…

January 30, 2024 - 10:00 am Corporate Governance, Press Releases
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 …

Bengal Announces Director Appointment

Bengal Announces Director Appointment

Calgary, Alberta–(Newsfile Corp. – January 18, 2024) – Bengal Energy Ltd. (TSX: BNG) (” Bengal…

January 18, 2024 - 5:00 pm Corporate Governance, Press Releases
Source: APA

APA Corp. appoints former bp executive as President, CFO

World Oil


(WO) – On Jan. 9, APA Corporation announced that Stephen J. Riney has been promoted to President and Chief Financial Officer. Riney has served as Executive Vice President and Chief Financial Officer since joining APA in 2015.

Prior …

General Presidents’ Maintenance Committee for Canada & National Maintenance Council for Canada Appoints Tony Pietrangelo as Chairman of the Board

General Presidents’ Maintenance Committee for Canada & National Maintenance Council for Canada Appoints Tony Pietrangelo as Chairman of the Board

KITCHENER, Ontario, Jan. 11, 2024 (GLOBE NEWSWIRE) — The General Presidents’ Maintenance …

January 11, 2024 - 7:30 am Corporate Governance, Press Releases
Vital Energy provides select preliminary fourth-quarter 2023 results

Vital Energy provides select preliminary fourth-quarter 2023 results

Oil and Gas 360


Total and oil production exceed outlook with capital investments in-line

Company provides fourth-quarter and full-year 2023 earnings and conference call details

TULSA, OK, Jan. 09, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” …

Ideal Group of Companies Appoints David Weintraub to the Board of Directors

Ideal Group of Companies Appoints David Weintraub to the Board of Directors

Anderson, South Carolina–(Newsfile Corp. – January 9, 2024) – Ideal Group of Companies, Inc. (OT…

January 9, 2024 - 8:00 am Corporate Governance, Press Releases