Corporate Governance

Chevron to reduce oil and gas production carbon intensity, deliver high returns to investors

Chevron to reduce oil and gas production carbon intensity, deliver high returns to investors

World Oil


(WO) — Chevron Corporation reported on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world at its annual investor meeting.

 

Chevron to reduce oil and gas production carbon intensity, deliver high returns to investors- oil and gas 360

“Chevron intends to be a leader in both traditional and …

California Resources Corporation initiates strategic realignment of business operations and corporate structure to maximize cash flow per share

California Resources Corporation initiates strategic realignment of business operations and corporate structure to maximize cash flow per share

Oil and Gas 360


Francisco J. Leon to Succeed Mark A. McFarland as President and Chief Executive Officer

McFarland to Continue as a Non-Executive Director and Chair the Board of Carbon TerraVault, CRC’s Carbon Management Business, to Oversee its Continued

Transform Materials Appoints Key Senior Management to Advance Global Commercial Vision

Transform Materials Appoints Key Senior Management to Advance Global Commercial Vision

Transform Materials Appoints Key Senior Management to Advance Global Commercial Vision …

February 27, 2023 - 6:00 am Corporate Governance, Press Releases
Source: Reuters

Coterra Energy reports fourth-quarter and full-year 2022 results, provides 2023 outlook and updates shareholder return strategy

Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today…

Source: Reuters

Chesapeake Energy Corporation announces sale of second Eagle Ford package for $1.4 billion

Oil and Gas 360


OKLAHOMA CITYFeb. 21, 2023 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has executed an agreement to sell a portion of its remaining Eagle Ford asset to INEOS Energy for …

Canacol Energy Ltd. announces closing of new revolving credit facility

Canacol Energy Ltd. announces closing of new revolving credit facility

CALGARY, Alberta, Feb. 22, 2023 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” …

Source: Reuters

Suncor names former ExxonMobil executive as new CEO

World Oil


(WO) – Suncor’s board of directors has unanimously selected Rich Kruger to be the company’s next President and Chief Executive Officer, effective April 3, 2023. Mr. Kruger will also join the Suncor Board of Directors.

The announcement follows …

Sun Residential REIT Appoints New CEO

Sun Residential REIT Appoints New CEO

Toronto, Ontario–(Newsfile Corp. – February 17, 2023) – Sun Residential Real Estate Investment T…

February 17, 2023 - 7:20 am Corporate Governance, Press Releases
PDC Energy declares increased quarterly cash dividend on common shares and announces $750 million increase to share buyback authorization

PDC Energy declares increased quarterly cash dividend on common shares and announces $750 million increase to share buyback authorization

Oil and Gas 360


DENVER, Feb. 16, 2023 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared an increase to its quarterly cash dividend from $0.35 to $0.40 per share …

Source: Reuters

Canada’s Cenovus Energy posts quarterly profit, names new CEO

Yahoo Finance


Cenovus Energy Inc posted a net profit for the fourth quarter on Thursday, compared with a loss last year, and said Chief Operating Officer Jon McKenzie would become its president and chief executive officer.

 

McKenzie, who was …

NuStar Energy L.P. Announces Addition of New Director

The board of directors of NuStar Energy L.P. (NYSE: NS) announced today the election of Suzan…

February 15, 2023 - 4:15 pm Corporate Governance, Press Releases
Source: Permian Strategic Partnership

Permian Strategic Partnership: oil and gas has a “positive impact” on communities across Permian Basin

World Oil


(WO) – Permian Strategic Partnership (PSP) President and CEO Tracee Bentley made a compelling case for the positive impact of oil and natural gas production on local communities during her testimony before the U.S. House Subcommittee on Energy …

Source: Reuters

Enbridge books Q4 loss due to goodwill impairment charge

Oil Price


Canada’s pipeline operator Enbridge (NYSE: ENB) reported on Friday a loss for the fourth quarter of 2022, compared to a profit for the same period of 2021, due to a non-cash goodwill impairment of US$1.86 billion …

Provenance Gold Announces the Appointment of Jeffrey Alam as Senior Strategic Business Advisor

Provenance Gold Announces the Appointment of Jeffrey Alam as Senior Strategic Business Advisor

Vancouver, British Columbia–(Newsfile Corp. – February 6, 2023) – Provenance Gold Corp. (CSE: PA…

February 6, 2023 - 6:30 am Corporate Governance, Press Releases
Source: Reuters

Shell plc announces Executive Committee and Directorate changes

BOE Report


London, 30 January 2023 – Shell plc is to reduce the size of its Executive Committee (EC) from nine to seven members in a decisive move designed to simplify the organisation further and improve performance as we deliver …

Source: Reuters

Citi: European oil majors could become acquisition targets

Oil Price


Merger and acquisition activity in the United States oil and gas industry last year slumped to the lowest in 17 years as buyers became pickier. But besides being picky, they were also willing to spend, Enverus reported earlier …

IsoEnergy Appoints Darryl Clark as Vice President, Exploration

IsoEnergy Appoints Darryl Clark as Vice President, Exploration

IsoEnergy Appoints Darryl Clark as Vice President, Exploration Canada NewsWire …

January 27, 2023 - 6:00 am Corporate Governance, Oil Sands, Press Releases

WesCan Energy Announces Appointment of New Director

Calgary, Alberta–(Newsfile Corp. – January 23, 2023) – WesCan Energy Corp. (TSXV: WCE) (” WesCan…

January 23, 2023 - 7:10 pm Corporate Governance, Press Releases
InPlay Oil Corp. Announces 2023 Capital Budget Highlighting Record Operational Guidance and Appointment of New Board Member

InPlay Oil Corp. Announces 2023 Capital Budget Highlighting Record Operational Guidance and Appointment of New Board Member

InPlay Oil Corp. Announces 2023 Capital Budget Highlighting Record Operational Guidance and Appoi…

January 18, 2023 - 8:00 am Corporate Governance, Press Releases
Source: Reuters

Heavily indebted Pemex looks for ways to make $10 billion payments

Oil Price


Mexico’s indebted state oil company, Pemex, is searching for ways to make $10 billion in bond payments this year, an amount that neither the company nor Mexico’s government has planned for, Bloomberg News reported Monday.

Last month, Pemex …

Source: World Oil

Helmerich & Payne become Permian Strategic Partnership’s 20th member

World Oil


(WO) – The Permian Strategic Partnership (PSP) announced that Helmerich & Payne (H&P), a leading drilling and solutions provider, will join the organization in 2023 as its twentieth member. With this addition, H&P joins an impressive roster of …

Vital Energy completes rebranding

Vital Energy completes rebranding

Oil and Gas 360


Fourth-Quarter 2022 Production Expected to Exceed Guidance

TULSA, OK, Jan. 08, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital” or the “Company”) today announced the completion of the Company’s rebranding and on Monday, January …

Vermilion Energy Inc. announces 2023 budget and guidance, 25% dividend increase and resumption of share buybacks

Vermilion Energy Inc. announces 2023 budget and guidance, 25% dividend increase and resumption of share buybacks

BOE Report


CALGARY, AB – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce its 2023 budget and guidance, a 25% dividend increase, and the resumption of
Source: CNBC

Shell to take $2 billion fourth-quarter tax hit after new EU, UK levies

CNBC


Oil and gas major Shell said Friday it expects to take a $2 billion hit for the fourth quarter as a result of new taxes in the European Union and U.K.

 

 

“The Q4′22 earnings impact of recently …

Gevo Announces Appointment of Carol Battershell to Board of Directors

Gevo Announces Appointment of Carol Battershell to Board of Directors

ENGLEWOOD, Colo., Jan. 05, 2023 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to annou…

January 5, 2023 - 4:05 pm Corporate Governance, Press Releases
Source: Oil Price

U.S. oil majors focus on cost discipline in spending plans

Oil Price


As Exxon and Chevron focus more on shareholder returns and less on speculative spending, they are both reining in investments in large international oil projects and focusing more on investing in the Americas.

Chevron says it’ll use 70% …

Plains All American Announces Officer Appointments

Plains All American Announces Officer Appointments

HOUSTON, Jan. 04, 2023 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA ) …

January 4, 2023 - 4:15 pm Corporate Governance, Press Releases
EQT eliminates nearly 9,000 natural gas-powered pneumatic devices

EQT eliminates nearly 9,000 natural gas-powered pneumatic devices

Oil and Gas 360


PITTSBURGHJan. 4, 2023 /PRNewswire/ — EQT Corporation (NYSE: EQT), the largest producer of natural gas in the United States, today announced the completion of a $28 million company-wide initiative to eliminate 100% of its …

Patterson-UTI Energy provides update on expected fourth quarter financial results

Patterson-UTI Energy provides update on expected fourth quarter financial results

Oil and Gas 360


HOUSTON, TX / ACCESSWIRE / January 4, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) announced today that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for …

NGL Energy Partners LP Announces Increase in Adjusted EBITDA Guidance, Indebtedness at December 31, 2022 and Appointment of New Chief Financial Officer

NGL Energy Partners LP (NYSE: NGL) (“the “Partnership” or “NGL&#x201D…

January 3, 2023 - 4:58 pm Corporate Governance, Press Releases