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CNX to Acquire Appalachian Assets for $505MM
The acquisition 'strategically expands CNX's existing stacked Marcellus and Utica undeveloped leasehold in the CPA region and provides an existing infrastructure footprint that can be leveraged for future development'.
4:37 AM EST | December 11, 2024
DOE Provides Loan Guarantee for Two Eos Battery Production Lines
The DOE closed a $303.5 million loan guarantee for Eos to build two stationary battery production lines in Turtle Creek, Pennsylvania.
9:30 AM EST | December 10, 2024
Canadian Natural Completes Purchase of Chevron Oil Sands, Duvernay Assets
The $6.5 billion transaction consisted of producing and undeveloped oil sand, liquid and natural gas properties in Alberta province.
9:30 AM EST | December 10, 2024
BP, JERA to Consolidate Offshore Wind Assets under New JV
BP and JERA agreed to combine their global offshore wind portfolios, committing up to $5.8 billion in capital by 2030.
4:13 AM EST | December 10, 2024
Top Insurers' Climate Losses Nearly Match Premiums from Fossil Fuels
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future.
1:30 AM EST | December 10, 2024
APA Launches Exchange, Redemption Offers for $4.78 Billion Apache Bonds
APA initiated an offer to cancel Apache notes with a combined principal amount of $4.78 billion in exchange for new unsecured bonds to be issued by APA.
9:30 AM EST | December 09, 2024
Equinor Completes Nigeria Exit
Equinor completed the sale of all its Nigerian assets, including a 20.21 percent stake in the Agbami oil field, to an African company for up to $1.2 billion.
1:48 AM EST | December 09, 2024
TotalEnergies to Acquire RE Firm VSB for $1.65 Billion
The takeover will expand TotalEnergies' wind, solar and battery storage footprint in Europe.
7:54 AM EST | December 05, 2024
Russia's Oil Revenues in November Took a Hit Amid Crude Slump
The Kremlin's oil revenues in November fell from a year earlier for a second consecutive month.
4:00 PM EST | December 04, 2024
Aramco Completes Horse Powertrain Stake Acquisition
As part of the agreement, Aramco and affiliate Valvoline Global Operations will collaborate with Horse Powertrain on innovations in ICE technology, fuels, and lubricants.
1:37 AM EST | December 04, 2024
North Sea Oil Market Sees Biggest Trading Frenzy in 16 Years
Eight cargoes, or about 5.6 million barrels of crude, changed hands Monday in a pricing window run by Platts.
9:50 AM EST | December 03, 2024
NOG Increases Cash Dividend by Five Percent
NOG expects increasing the next quarterly dividend to $0.45 per share and maintaining that level throughout 2025.
9:30 AM EST | December 03, 2024
Lime Completes Stake Acquisition in Yme Field from OKEA
With the acquisition, Lime increases its share in the Yme Field to 25 percent.
8:00 AM EST | December 03, 2024
Petrus Posts Higher Production in Oct, Launches Reinvestment Offer
The dividend reinvestment plan allows eligible shareholders to reinvest all or part of their cash dividends into additional common shares.
1:30 AM EST | December 02, 2024
Eco Atlantic Loss Widens
Eco Atlantic reported a net loss of $1.63 million and $2.76 million for the three and six months ended September 30 respectively.
6:00 AM EST | December 01, 2024
Pemex Freezes New Contractor Deals as It Works Out $20B Owed to Suppliers
The temporary halt by Pemex's exploration and production arm applies to new agreements with contractors that haven't been previously formalized.
1:30 AM EST | November 29, 2024
Iran Oil Kingpin's Hedge Fund Preparing to Shut London Office
The hedge fund was recently suspended by Dubai's financial free zone and is the subject of a probe by the U.S. Treasury Department, Bloomberg News reported.
4:00 PM EST | November 28, 2024
ConocoPhillips Offers $5.2 Billion Bonds to Refinance Debt
ConocoPhillips has placed a five-tranche note offering with a combined principal amount of $5.2 billion to refinance existing debt including $4 billion in debt securities assumed when it acquired Marathan.
8:50 AM EST | November 27, 2024
Tanker Operator TEN Posts Higher Q3 Earnings Helped by China Oil Imports
'During the summer months of 2024, lower oil prices steered an upsurge in Chinese oil imports that facilitated stockpiling and acted as a catalyst for the recovery of tanker spot rates'.
7:07 AM EST | November 27, 2024
TotalEnergies Pauses Investing in Adani as US Probes Execs over Bribery
TotalEnergies said it will not make any new investment in Adani until bribery charges in the U.S. against some executives of the Indian diversified conglomerate are settled.
7:03 AM EST | November 26, 2024
CoolCo Posts Lower Profit
The pure-play LNG shipping company spun off from Golar LNG reported $8.1 million in net income for the third quarter.
2:02 AM EST | November 26, 2024
Finance Ministry to Tap Banks to Help Pemex Pay Debt with Suppliers
Mexico's finance ministry is preparing to enlist a consortium of banks to provide financing that Pemex would use to pay off debt with service providers, according to a recording of remarks made by its CEO.
1:17 AM EST | November 26, 2024
Marathon Oil Now Part of ConocoPhillips
'We have a strong history of seamlessly integrating assets and we expect to deliver synergies of over $1 billion on a run rate basis in the next 12 months'.
7:20 AM EST | November 25, 2024
Qatar Raises Stake in Namibian Orange Basin
TotalEnergies is making divestments to partner QatarEnergy after purchasing additional stakes from a third partner in the leases earlier this year.
2:04 AM EST | November 25, 2024
ExxonMobil Exits Suriname's Block 52
ExxonMobil transferred its 50 percent stake to partner Petronas.
1:30 AM EST | November 25, 2024
LandBridge Acquires 46,000 Surface Acres in Southern Delaware Basin
LandBridge agreed to acquire about 46,000 largely contiguous surface acres in the Southern Delaware Basin from VTX Energy Partners for $245 million.
9:30 AM EST | November 22, 2024
Petrobras Plans Up to $55 Billion in Dividends through 2029
Brazil's state-controlled oil producer plans to pay as much as $55 billion in dividends through 2029 as part of its five-year business plan.
1:30 AM EST | November 22, 2024
Santos Aims for 14 MMtpa Carbon Storage Portfolio by 2040
Santos targets to establish a carbon storage business with a capacity to permanently store 14 MMtpa of third-party carbon dioxide equivalent emissions by 2040.
2:39 AM EST | November 21, 2024
Aramco to Take on More Debt, Says CFO
The company's debt sales will be 'regular but not too frequent'.
1:30 AM EST | November 21, 2024
EOG Resources Offers $1 Billion 30-Year Bonds
The issuance is part of a plan to refinance approaching maturities.
6:48 AM EST | November 20, 2024
Lenders Grant Petrofac Another Grace Period
Creditors of bonds issued by Petrofac extended for the seventh time a forbearance agreement, withholding legal claims over the energy engineering company's failure to pay $29 million in interest.
4:47 AM EST | November 20, 2024
Ovintiv to Acquire Alberta Montney Assets for $2.4B
Ovintiv also entered into a definitive agreement to sell substantially all of its Uinta Basin assets located in Utah, to FourPoint Resources, LLC, for total cash proceeds of approximately $2.0 billion.
8:00 AM EST | November 19, 2024
Petrobras Proposes $111 Billion Five-Year Spending Package
Petrobras plans to boost spending on new oil drilling and other projects by almost nine percent to $111 billion in the next five-year plan.
1:15 AM EST | November 19, 2024
Chevron Australia Says Paid $2.26 Billion in Annual Income Tax
Chevron Australia said the remittance to the Australian government fell despite record gas production because lower prices dragged down revenue.
9:31 AM EST | November 18, 2024
UK Pledges Millions to Support Global Clean Energy Transition
'The funding will help climate vulnerable countries, including African nations and small island states, to develop new low-carbon technologies, with innovations in energy storage, zero emission generators and clean transport'.
7:00 AM EST | November 18, 2024
EIB Backs Polish Energy Transition with $220 Million Loan to Orlen
The loan is the first financial injection following EIB's approval of $854.6 million in financing to boost the network of Orlen's Energa in 2024 and 2025.
6:00 AM EST | November 17, 2024
Harbour Narrowly Raises Output Projection after Wintershall Dea Acquisition
The guidance is about half of Harbour's projected pro forma production of 500,000 boed following its purchase of the upstream operations of Germany's Wintershall Dea AG, except those in Russia.
10:53 AM EST | November 15, 2024
Occidental Beats Estimates, Helped by Higher US Sales Volumes
Occidental reported a third-quarter adjusted profit of $977 million, supported by higher domestic oil and gas sales volumes amid a fall in realized prices in the United States and abroad.
10:02 AM EST | November 15, 2024
ADNOC Gas Plans $15B Capex for Next Five Years, Driven by UAE Gas Demand
'In the UAE, the annual growth in gas demand to 2030 is expected to be 6 percent, versus an expected 2 percent at the time of the IPO'.
7:48 AM EST | November 15, 2024
Air Products Posts Higher Profit on Stronger Demand, Pricing
Air Products reported $3.56 in adjusted EPS from continuing operations for its fiscal fourth quarter, up 13 percent compared to the same period a year ago as volumes and prices rose.
10:13 AM EST | November 14, 2024
Suncor Posts Higher Earnings, Record Utilization
Suncor achieved a record overall utilization of 105 percent and a throughput of 487,600 bpd in the third quarter.
3:19 AM EST | November 14, 2024
EIP Ups Stake in Plenitude to 10 Percent
EIP will invest a further $221.8 million in Plenitude, increasing its share capital in Eni's renewables arm to 10 percent.
1:30 AM EST | November 13, 2024
Duke Energy Misses Expectations as Storms Hit Earnings
The power and gas utility expects restoration costs brought on by hurricanes Helene, Debby and Milton to continue into the fourth quarter.
8:19 AM EST | November 12, 2024
Woodside Closes Sale of Stake in Scarborough JV to JERA
JERA is Japan's largest power generation company.
7:00 AM EST | November 12, 2024
Devon Raises 2024 Projected Production
Devon bumped up its output guidance for 2024 to between 811,000 and 830,000 boed, supported by newly acquired assets in the Williston Basin.
5:37 AM EST | November 12, 2024
QatarEnergy to Acquire 23 Percent Stake in Block Offshore Egypt
Chevron agreed to sell a 23 percent interest in North El-Dabaa, on the Egyptian side of the Mediterranean Sea, to QatarEnergy.
4:15 AM EST | November 12, 2024
EOG Posts $1.6 Billion Profit for Third Quarter
'We are on track to return more than 85 percent of our expected full-year free cash flow to shareholders and have the potential for additional cash return over the balance of the year'.
1:53 AM EST | November 12, 2024
Marathon Oil Raises Full-Year Production Guidance, Q3 Income Slips
Marathon Oil now expects to produce 192,000 net bopd and 393,000 boepd.
12:30 PM EST | November 11, 2024
Equinor to Increase Stake in Halten East Unit
Halten East is an ongoing offshore development located in the Kristin-Åsgård area in the Norwegian Sea.
7:00 AM EST | November 11, 2024
Halliburton Acknowledges Cost of Hacking Incident
'We experienced a $0.02 per share impact to our adjusted earnings from lost or delayed revenue due to the August cybersecurity event and storms in the Gulf of Mexico'.
2:37 AM EST | November 11, 2024
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