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California Resources
Crude Oil News

California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results

February 28, 2024 Mariel Alumit

CRC Delivers Record Cash Flow and Free Cash Flow per Share Annual Results LONG BEACH, Calif., Feb. 27 /BusinessWire/ — California Resources Corporation (NYSE:CRC) today reported financial and operating results for the fourth quarter and […]

Ovintiv
Crude Oil News

Ovintiv Reports Fourth Quarter and Year-End 2023 Financial and Operating Results

February 28, 2024 Mariel Alumit

Strong 2023 Operational Execution; Enhanced Capital Efficiency Expected in 2024 Highlights: Full Year 2023 Generated net earnings of $2.1 billion, cash from operating activities of $4.2 billion, Non-GAAP Cash Flow of $3.9 billion and Non-GAAP Free Cash Flow of $1.2 […]

Civitas Resources, Inc.
Crude Oil News

Civitas Resources, Inc. Announces Share Repurchase From NGP

February 27, 2024 Mariel Alumit

DENVER, Feb. 27 /BusinessWire/ — Civitas Resources, Inc. (NYSE:CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of its common stock at a price of […]

Shell
International News

EXCLUSIVE-Shell ditched major works on giant LNG facility in favour of quick fix -sources

September 7, 2023 Mariel Alumit

LONDON, Sept 7 (Reuters) – Shell considered shutting its flagship Prelude liquefied natural gas facility off Australia for a year to fix issues that have plagued its operations, but instead opted for shorter maintenance period to allow […]

drilling
M & A

US contractor buys drilling player for $370 million — weeks after unveiling $5.4 billion merger

July 7, 2023 Mariel Alumit

Patterson-UTI buys drilling technology company just a month from announcing merger with NexTier Oilfield Solutions US oilfield services player Patterson-UTI Energy has struck a $370 million deal to acquire privately owned Ulterra Drilling Technologies from […]

Exploration and Production

ConocoPhillips zeroes in on becoming APLNG upstream operator

March 27, 2023 Mariel Alumit

US energy giant ConocoPhillips, through its Australian subsidiary, has revealed plans to become upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG’s transaction with Origin Energy. Archive. Courtesy of Australia Pacific LNG […]

Freeport
Exports

Freeport LNG Terminal Approved For Partial Restart

January 26, 2023 Mariel Alumit

US natural gas futures erased some losses but still hovered sub $3 per million British thermal units after federal regulators approved Freeport LNG’s request for a partial restart of operations at the liquefied natural gas […]

ExxonMobil
Crude Oil News

ExxonMobil, Chevron each see slightly lower 2022 Permian Basin output than expected

October 31, 2022 Mariel Alumit

ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]

Devon
Finance

This Large U.S. Driller Just Made A Big Move Into LNG

September 13, 2022 Mariel Alumit

Devon Energy announced its participation in Delfin Midstream last week. Delfin says that it is on schedule to make the FID on the first FLNG vessel by the end of this year. Devon’s move to […]

Strive Asset Management
Finance

Strive Asset Management sends open letter to Chevron to deliver a post-ESG mandate

September 7, 2022 Mariel Alumit

Strive Asset Management (Strive) sent a shareholder letter to Chevron, Inc. – marking the company’s first shareholder engagement letter on behalf of its clients. Strive calls on Chevron to liberate itself from constraints imposed by […]

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