Exxon Mobil Corp . expects first-quarter earnings to be reduced by as much as $800 million due to the deep freeze that plunged Texas into darkness last month. Even so, the oil giant probably returned to profit after […]
Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with the plans of the company’s incoming chief executive, a person close to the executives said. Topics of […]
The UK government has pledged that high-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future as the landmark North Sea Transition Deal […]
Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2020 including Ring’s year-end 2020 reserves and affirmed 2021 guidance. Highlights […]
The first initial public offering for a shale driller in almost half a decade will test investors’ desire for an industry that’s still dusting off from last year’s historic energy-market bust. Vine Energy Inc., which […]
The new Colorado Regulations outlined in Senate Bill 181 have been presented to the Biden administration as an example for U.S. deployment in the energy sector. Many regulations have good intentions and try to positively […]
Petroleos Mexicanos discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field at the southern part of the […]
Telegraph reported. Britain is considering options that include ending permits in 2040, and an immediate temporary pause in licensing, the newspaper reported. It’s also possible that there will be no changes. The U.K. has a […]
Eagle Ford Shale pure-play Penn Virginia Corp. plans to maintain its current two-rig program through 2021 to grow production after it temporarily suspended drilling last year because of the Covid-19 pandemic. During a conference call […]
FINANCIAL HIGHLIGHTS Adjusted net income was $3.3 million for the quarter and $2.7 million for the year. The Company had a net loss of $7.9 million ($0.62 per basic and fully diluted share) for the […]
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