Exploration & Production

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Biden’s LNG Freeze Delaying Projects and Risking U.S. Market Share

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Tri-Pinned, US News / By

At least two exporters have pushed back investment decisions Asian buyers are becoming reluctant to sign on to US plants The Biden administration’s pause on new licenses for liquefied natural gas exporters is already stalling progress for projects that were aiming to come online later this decade. Several LNG buyers have delayed signing new long-term …

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VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operating Results

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

HOUSTON, March 13, 2024 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“VAALCO” or the “Company”) today reported operational and financial results for the fourth quarter and full year of 2023. The Company also provided 2024 operational and financial guidance for the first quarter and full year of 2024. 2023 Full Year Highlights:  …

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Profire Energy Reports Financial Results for Fourth Quarter and Full Fiscal Year 2023

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

LINDON, Utah, March 13, 2024 (GLOBE NEWSWIRE) — Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the “Company”) that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its fourth quarter and full fiscal year ending December 31, 2023. A conference call will be held on …

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Shell Publishes Energy Transition Strategy 2024

Energy Topics & Technology, Exploration & Production, Latest, US News / By

Shell Publishes Energy Transition Strategy 2024 Shell will continue its drive to halve emissions from its operations (Scope 1 and 2) by 2030, compared with 2016 on a net basis. By the end of 2023, Shell had achieved more than 60% of this target. Shell also reduced the net carbon intensity of the energy products …

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Strathcona Resources Ltd. reports year end 2023 reserves

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

CALGARY, AB, March 11, 2024 /CNW/ – Strathcona Resources Ltd. (“Strathcona”) (TSX: SCR) today reported its year end 2023 reserves. Strathcona has posted a shareholder letter on its website which provides additional detail on its 2023 reserves. The tables below summarize Strathcona’s year end 2023 reserves which were prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) and Sproule Associates Limited (“Sproule”). …

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U.S. Raises Crude Production Growth Forecast for 2024

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, US News / By

The U.S. Energy Information Administration (EIA) on Tuesday raised its forecast for U.S. domestic oil growth in 2024 by 90,000 barrels, but lowered its forecast for global oil production growth due to production cuts from OPEC+. U.S. crude oil production will rise by 260,000 barrels per day (bpd) to 13.19 million bpd this year, the …

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U.S. Leads Global Oil Production for Sixth Straight Year – EIA

Energy Topics & Technology, Exploration & Production, Latest, US News / By

U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday. In December, U.S. crude oil production hit a new monthly record high of over 13.3 million bpd, the …

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EQT, Equitrans Midstream to Merge to Create $35 Billion Firm

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

(Reuters) – EQT Corp  has decided to buy back its former unit Equitrans Midstream in an all-stock deal to create an integrated natural gas provider valued at more than $35 billion, the companies said on Monday. Shares of Equitrans jumped more than 8% in premarket trading, while EQT was down about 1%. Under the terms of …

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Enservco Provides Business Update

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

  Expect Solid 2023 Results and Strong Start to 2024 Announces Recent Dismissal of Class Action Litigation Enhancing Investor Communications with Hiring of Energy-Focused IR Firm – Al Petrie Advisors LONGMONT, Colo., March 11, 2024 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV) (“Enservco” or the “Company”), a diversified national provider of specialized well-site services …

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Aramco Hikes Dividend 30% to $98 Billion Despite Drop in Profit

CDN and International News, Energy Topics & Technology, Exploration & Production, Latest / By

Summary Profit drops by nearly a quarter Base dividend up 4% year on year Capex seen at $48-58 bln in 2024 Share sale is govt decision – CFO DUBAI, March 10 (Reuters) – Saudi Arabia’s state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices …

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