Corporate Governance

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
Source: World Oil

Pioneer Natural Resources Scott Sheffield officially retires, new CEO begins role

World Oil


(WO) – Pioneer Natural Resources Company announced that Richard (“Rich”) P. Dealy has commenced his new role as Chief Executive Officer (CEO), and Scott D. Sheffield has transitioned to the non-executive role of Special Advisor to the CEO, …

Chord Energy appoints Susan Cunningham Chair of the Board of Directors and announces Darrin Henke as New Chief Operating Officer

Chord Energy appoints Susan Cunningham Chair of the Board of Directors and announces Darrin Henke as New Chief Operating Officer

Oil and Gas 360


Cunningham to Succeed Lynn A. Peterson, Who Will Retire from the Board at Year-End, Reducing Board Size to Nine Members.

Henke to Succeed Chip Rimer, Who Will Retire on January 12, 2024

HOUSTONDec. 27,

Nabors Industries completes its most impactful energy transition investment to date

Nabors Industries completes its most impactful energy transition investment to date

Oil and Gas 360


  • Welcomes Vast to its Portfolio of Clean, Renewable, Scalable, Dispatchable Energy Technology Investments

HAMILTON, BermudaDec. 19, 2023 /PRNewswire/ — Nabors Industries Ltd. (NYSE: NBR, “Nabors”) issued the following statement today from Chairman, President and

Kodiak Gas Services, Inc. to acquire CSI Compressco LP in an $854 million all-equity transaction

Kodiak Gas Services, Inc. to acquire CSI Compressco LP in an $854 million all-equity transaction

Oil and Gas 360


  • All-equity acquisition to create the industry’s largest contract compression fleet of 4.3 million revenue-generating horsepower
  • Deepens Kodiak’s position in key operating areas, including over 2.8 million horsepower in the Permian Basin
  • Expected annual run-rate cost synergies
Source: Diversified Energy

Diversified Energy responds to market reaction

Oil and Gas 360


BIRMINGHAM, AL / ACCESSWIRE / December 19, 2023 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) today is providing a response to the movement in its share price. On December 18, 2023, The Company received a request for …

Source: Unit

Unit Corporation announces completion of Texas Panhandle asset sale

Oil and Gas 360


Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the “Divested Assets”) to a …

Source: Reuters

BP’s former CEO forfeits £32 million pay on misleading board

Yahoo Finance


(Bloomberg) — BP Plc’s former Chief Executive Officer Bernard Looney will forfeit as much as £32.4 million ($40.6 million) in pay after resigning in September because he lied about his personal relationships with other employees.

“Mr Looney knowingly …

Baytex announces 2024 budget and five-year outlook with continued focus on free cash flow generation and shareholder returns

Baytex announces 2024 budget and five-year outlook with continued focus on free cash flow generation and shareholder returns

Oil and Gas 360


Calgary, Alberta–(Newsfile Corp. – December 6, 2023) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) announces that its Board of Directors has approved a budget for 2024 exploration and development expenditures …

InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces Million-Dollar Development Financing, New Management Appointment

Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) , a publicly traded energy company based in…

December 5, 2023 - 8:30 am Corporate Governance, Press Releases
Hillcrest Announces Appointment of Daryn Gordon as CFO and Provides Additional Shareholder Updates

Hillcrest Announces Appointment of Daryn Gordon as CFO and Provides Additional Shareholder Updates

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – Hillcrest Energy Technologies …

December 5, 2023 - 8:30 am Corporate Governance, Press Releases
Prospera Energy Inc. Secures $3.5 Million in Development Financing and Announces Strategic Appointments to Strengthen Leadership Team

Prospera Energy Inc. Secures $3.5 Million in Development Financing and Announces Strategic Appointments to Strengthen Leadership Team

CALGARY, Alberta, Dec. 05, 2023 (GLOBE NEWSWIRE) — Prospera Energy Inc. (“Prospera&#x201D…

December 5, 2023 - 1:59 am Corporate Governance, Press Releases

Forum Energy Technologies Announces Appointment of Ms. Leslie Beyer to its Board of Directors

Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Ms. Leslie Beyer t…

December 4, 2023 - 8:29 am Corporate Governance, Press Releases
SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook

SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook

Oil and Gas 360


11/30/2023 – Completed transformational acquisition of Chesapeake’s remaining South Texas assets

Preliminary 2024 outlook of 551-611 MMcfe/d; liquids to comprise ~40% of production mix

Anticipated 2024 capex of $550-$580 million supports 3-rig drilling program

The Company

Source: World Oil

Former U.S. Deputy National Security Advisor joins ExxonMobil’s board of directors

World Oil


(WO) – Exxon Mobil Corporation announced that Dina Powell McCormick will join its board of directors, effective Jan. 1. Ms. Powell McCormick is currently Vice Chairman, President and Global Head of Client Services at BDT & MSD Partners, …

MEG Energy Appoints New Board Chair

MEG Energy Appoints New Board Chair Canada NewsWire CALGARY, AB , N…

November 8, 2023 - 5:05 pm Corporate Governance, Oil Sands, Press Releases
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

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

Calgary, Alberta–(Newsfile Corp. – November 6, 2023) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal…

November 6, 2023 - 9:59 pm Corporate Governance, Oil Sands, Press Releases
Pine Cliff Energy Ltd. announces strategic acquisition, new term debt facility and monthly dividend

Pine Cliff Energy Ltd. announces strategic acquisition, new term debt facility and monthly dividend

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 …

Source: World Oil

bp interim CEO denies U.S. shale acquisition claims, defends focus on energy transition

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 …

Source: Reuters

bp’s quarterly results bring “quiet” Canadian interim CEO into spotlight after Looney’s suprise resignation

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 …

NOG provides preliminary financial and operational updates for the third quarter of 2023

NOG provides preliminary financial and operational updates for the third quarter of 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.

 

NOG provides preliminary financial and operational updates for the third quarter of 2023- oil and gas 360

HIGHLIGHTS

Source: Reuters

Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO

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

Source: Reuters

International drilling rebound helps SLB beat earnings estimates

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”.…