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Shale Gas Driller SilverBow Plunges After Kimmeridge Drops Bid

Kimmeridge says it sees no pathway towards a transaction Kimmeridge will instead focus on nominees to SilverBow board Shale driller SilverBow Resources Inc. dropped more than 6% after Kimmeridge Energy Management Co. withdrew a merger offer and said it’ll focus on winning board seats. “Given SilverBow’s lack of engagement, Kimmeridge sees no pathway towards a transaction,” Kimmeridge said in …

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Environmentalists Protest as Biden Administration Approves Huge Oil Export Terminal Off Texas Coast

WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States. The Sea Port Oil Terminal being developed off Freeport, Texas, will be able to load two …

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Vantage Drilling International Ltd. Reports Fourth Quarter and Full-Year 2023 Results

DUBAI, United Arab Emirates, March 27, 2024 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $14.6 million, or $1.10 per diluted share, for the three months ended December 31, 2023, as compared to a net loss attributable to controlling interest of $16.4 …

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Nuclear Fusion Backers Meet in U.S. Capital as Competition with China Looms

(Reuters) – Leaders in the emerging Western nuclear fusion industry are convening in Washington, D.C. this week seeking ways to attract more money for research to avoid falling far behind China in the race to develop and build commercially viable reactors. A funding bill signed by President Joe Biden this month contained $790 million for …

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Global LNG Demand is Picking up Due to Low Prices – Shell CEO

March 18 (Reuters) – Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell  CEO Wael Sawan said on Monday at a conference in Houston. The LNG market will be well supplied in the second half of the decade, he added. The CEO of rival TotalEnergies on …

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Amplify Energy Update on Southern California Oil Sheen

HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) — Amplify Energy Corp. (“Amplify,” the “Company,” “us,” “we,” or “our”) (NYSE: AMPY) continues to monitor the status of the oil sheen reported on March 7, 2024, off the coast of Huntington Beach, California. Amplify has the following updates to report: Amplify remains confident that the sheen is not …

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Apple’s Electric-Vehicle Wind Down Offers Reprieve to Tesla, Detroit Rivals

Automakers now have one fewer competitor to worry about in a crowded and uncertain arena Bloomberg News The sudden demise of Apple Inc.’s electric-vehicle program is a bleak sign for the car market. It’s also a welcome boon for automakers themselves. Apple Pulls Plug on Electric Car Plans Apple Inc. is canceling a decade-long effort to build an …

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U.S. Natgas Rally Cools as Investors Await Storage Report

U.S. natural gas futures fell more than 3% on Thursday as investors awaited a weekly storage report and booked profits following a rally in the previous session spurred by Chesapeake Energy’s decision to cut its planned output for 2024. Front-month gas futures fell 5.4 cents, or 3.1% at $1.719 per million British thermal units at …

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Chesapeake reports fourth quarter and full-year 2023 financial and operating results and issues 2024 outlook

OKLAHOMA CITY, Feb. 20, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported fourth quarter and full-year 2023 results and issued 2024 guidance. Fourth Quarter 2023 Highlights: Net cash provided by operating activities of $470 million Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income(1) totaled $185 million, or $1.31 per …

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