Wilton Resources Inc. Announces Grant of Stock Options
January 20, 2023
Calgary, Alberta–(Newsfile Corp. – January 20, 2023) – Wilton Resources Inc. (TSXV: WIL)…
Energy expert urges US independence, says security must be ‘back on the agenda’
January 20, 2023
Fox Business As the energy conversation at the World Economic Forum centers around climate change, S&P Global Vice Chairman Daniel Yergin argued U.S. energy independence “cannot be assumed away” on “Mornings with Maria” Friday. Yergin spoke with host Maria Bartiromo in Davos, Switzerland, where a global green energy transition has been a hotly debated topic among world and business leaders. But
Windfall taxes will stifle oil industry investments
January 20, 2023
Oil Price Windfall taxes have suddenly become quite popular. With oil and gas companies reaping record profits from the rally in energy commodity prices, governments have been unable to resist the temptation to skim a bit more of these profits. It’s hard to blame them – the energy crisis has pushed most governments in Europe to come up with billions
Oilfield services firm SLB beats fourth-quarter profit forecast
January 20, 2023
Investing SLB, the world’s largest oilfield services firm, beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment as oil and gas prices remained elevated amid tight supplies. SLB, formerly called Schlumberger (NYSE:SLB), has benefited from increased oil drilling and production in North America and elsewhere. Revenue from North America rose 27%
U.S. gasoline prices climb despite inventory builds
January 20, 2023
Oil Price Crude oil prices are set to finish off the week in the green on hopes that China’s zero-Covid policy shedding will mean a boost in economic growth and oil demand—and it’s carrying gasoline prices right along with it. Brent crude oil was trading up 0.51% on the day at 8:36 am ET at $86.58 per barrel—up from
U.S. rig count had a decrease of 4 this week, at 771
January 20, 2023
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 4 over last week, resulting in a total count of 771 rigs. Canada had an increase of 14 over last week, resulting in a total Canadian count of 241 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Haynesville, and
Oil heads for second week of gains on China demand outlook
January 20, 2023
Investing LONDON – Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost to fuel demand in the world’s second-biggest economy. The lifting of COVID-19 restrictions in China is set to increase global demand to a record high this year, the International
Davos 2023: Big oil comes in from the cold on energy transition
January 20, 2023
Nasdaq DAVOS, Switzerland – A different type of energy transition has taken place at this year’s World Economic Forum (WEF) meeting. Unlike 2021’s COP26 climate conference in Glasgow, where oil and gas executives were personae non gratae, fossil fuel chiefs and renewable energy bosses sat cheek by jowl in Davos. Activists like Greta Thunberg don’t like it. But some in the
Alpine Summit Energy Partners Announces Repayment of Fifth Development Partnership and Closing of Seventh Development Partnership
January 20, 2023
Nashville, Tennessee and Vancouver, British Columbia–(Newsfile Corp. – January 20, 2023) – Alpin…
OPEC Fund mobilizes US$1 billion for development finance with landmark debut SDG bond
January 20, 2023
OPEC Fund mobilizes US$1 billion for development finance with landmark debut SDG bond C…
