Wednesday, January 29, 2025

U.S. Rig Count Up by Two

Activity concentrates in major basins Drilling activity increased slightly this week, as producers continue to react to the recent ascent of oil prices, according to Baker Hughes Weekly Rig Count. A total of two rigs came online this week, meaning there are now 931 rigs active in the U.S. One land-based and one inland waters rig came online in the

Tellurian Prices Public Offering of Common Stock

Tellurian Inc. (ticker: TELL) has priced an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $10.00 per share, for total gross proceeds (before underwriters’ compensation and estimated expenses) of $100.0 million. The size of the offering was increased from the previously announced size of 8,000,000 shares. The company has granted the

GE to Cut 12,000 Jobs in Power Business Revamp

GE cuts follow Siemens’ 2% cut of global workforce in power and gas business slash: blames rapid growth of renewables for drop in demand for traditional power plants From Economic Times General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants. The U.S.

Corporate Governance Update: Directors and Officers Announced this Week

PBF Energy Inc. (ticker: PBF): George E. Ogden has been elected as an independent director, effective January 1, 2018 Eagle Energy Inc. (ticker: EGL): F. Wayne McWhorter will be appointed as a director of Eagle effective January 1, 2018 Enerplus Corporation (ticker: ERF): Jeff Sheets appointed to the board of directors, effective December 7, 2017. David Barr will retire from