corporate governance Archives - Page 8 of 233

Vitesse Energy announces several impactful acquisitions, revised 2023 guidance and preliminary 2024 outlook, and additional hedging

October 9, 2023

Oil and Gas 360 CENTENNIAL, Colo.–(BUSINESS WIRE)– Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) today announced several impactful acquisitions, revised 2023 guidance and a preliminary outlook on 2024, and additional hedging. ACQUISITIONS Vitesse has acquired additional oil and gas interests in the Williston Basin of North Dakota that will result in approximately $50 million of acquisition and related

Shell CEO plans company-wide meeting to discuss shift back to fossil fuels

October 6, 2023

World Oil (Bloomberg) – Shell Plc Chief Executive Officer Wael Sawan will meet with employees later this month to discuss the decision to put a greater share of investment into fossil fuels. Sawan invited staff to join a virtual meeting titled “A Conversation With Wael” on Oct. 17 to “deepen our conversation on the opportunities and dilemmas we face as we

U.S. bp executive resigns weeks after “abrupt” resignation of CEO Bernard Looney

October 2, 2023

World Oil (Bloomberg) – bp Plc.’s U.S. President David Lawler is leaving the British oil giant, becoming the second top executive to quit this month after Chief Executive Officer Bernard Looney abruptly resigned. Lawler, who had been with bp for nine years, “has notified us of his intent to pursue new career opportunities outside of bp,” according to a memo to

TotalEnergies promises more distributions, buybacks as oil prices soar

September 27, 2023

Oil Price As oil prices soar and investors wait for signs that oil company stocks will start to catch up, French TotalEnergies has announced plans to boost production and shareholder distributions, lifting its stock price by almost a percentage point in morning trading. TotalEnergies said it planned to return some 44% of its operations cash flow to shareholders in 2023,

Oxy to keep oil production steady as crude prices surge near $100

September 27, 2023

World Oil (Bloomberg) – Occidental Petroleum Corp. plans to keep its production steady even as oil prices have surged in recent weeks above $90 a barrel. “We don’t increase oil significantly in a market where we don’t see the balance,” Occidental Chief Executive Officer Vicki Hollub said during an interview with Bloomberg Television. “Only in a market where we see balance

Diversified Energy announces increase in borrowing base

September 26, 2023

Oil and Gas 360 BIRMINGHAM, AL / ACCESSWIRE / September 26, 2023 / Diversified Energy Company PLC (LSE:DEC) (“Diversified” or “the Company”) is pleased to announce its completion of the semi-annual borrowing base redetermination for the Company’s revolving credit facility, structured as a Sustainability-Linked Loan. The borrowing base under the facility was increased to $425 million from $375 million with 100%

Devon Energy CEO to spend less to sustain oil, natural gas production in 2024

September 25, 2023

World Oil (Bloomberg) – Devon Energy Corp. expects to spend less next year to sustain oil and natural gas production as record oil field inflation begins to abate. Costs for drilling rigs and steel used to line the inside of oil wells have come down recently, Chief Executive Officer Rick Muncrief said during an interview with Bloomberg Television on Monday. Still,

Gulfport Energy expands common stock repurchase authorization by 63% to $650 million

September 21, 2023

Oil and Gas 360 OKLAHOMA CITY–(BUSINESS WIRE)– Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) announced today that its board of directors expanded its common stock repurchase authorization by 63 percent to $650 million. This increased authorization extends the program through December 31, 2024. Key Highlights Expanded common stock repurchase authorization by 63 percent to $650 million Repurchased approximately

Berry Corporation completes acquisition of Macpherson Energy Corporation, updates annual guidance

September 18, 2023

Oil and Gas 360 DALLAS, Sept. 18, 2023 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced today that it has successfully completed the acquisition of Macpherson Energy Corporation, a privately held Kern County, California operator, previously announced in June. The Company has also updated its guidance for the full-year 2023 in connection with the acquisition. “Macpherson’s

Sempra Appoints Richard Mark to Board of Directors

August 17, 2023

Sempra Appoints Richard Mark to Board of Directors PR Newswire SAN DIEGO …

Flotek solidifies executive leadership team to drive continued growth and profitability

August 17, 2023

Oil and Gas 360 HOUSTON, August 17, 2023 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced three internal executive appointments, marking the final step in solidifying the Company’s leadership team as it focuses on strengthening its platform for continued growth and profitability. The promotions of Nathan Snoke to Senior Vice President – Global Business Lines, Shane

Appointment of New Director

August 14, 2023

Toronto, Ontario–(Newsfile Corp. – August 14, 2023) – Sensor Technologies Corp. (CSE: SENS) (the…

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