USD Partners Announces Quarterly Distribution and its Fourth Quarter 2022 and Full Year 2022 Earnings Release Date
January 26, 2023
USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that the Board of …
M&A in U.S. oil and gas: Dealmaking slides as buyers get picky
January 26, 2023
Oil Price The number of mergers and acquisitions (M&A) in the U.S. upstream segment fell last year to the lowest level since 2005, with buyers increasingly picky and targeting top-tier locations in larger deals, Enverus Intelligence Research (EIR) said in a new report this week. The value of the deals also dropped in 2022—13% year over year—to $58 billion, transacted across a
Exclusive: U.S. Energy Department to allocate $118 mln to biofuels projects
January 26, 2023
Nasdaq NEW YORK – The U.S. Department of Energy (DOE) on Thursday will announce over $100 million in funding to expand U.S. biofuels production, as the Biden administration works to cut greenhouse gas emissions from transportation and meet climate goals, the department told Reuters. The department plans to award $118 million to 17 projects designed to accelerate the production of
Hess earnings outshine with New Guyana discovery
January 26, 2023
Oil Price Fourth-quarter earnings on Wednesday saw Hess Corporation (NYSE:HES) soundly beat Wall Street estimates, with another discovery offshore Guyana playing a significant role in the company’s newly revealed $3.7-billion spending plan for 2023. In its Q4 2022 financial and operational highlights, Hess reported net income of $624 million ($2.03 per common share), up from $265 million net income for
API, Well Done Foundation partner to reduce emissions by plugging orphaned oil and gas wells
January 26, 2023
World Oil (WO) – The American Petroleum Institute (API) and the Well Done Foundation signed a Memorandum of Understanding (MOU) to collaborate across a range of activities related to reducing emissions and the proper plugging of orphaned or abandoned natural gas and oil wells. The MOU aims to establish cooperation and a constructive partnership between both organizations by advancing the
Oil prices firm on China demand optimism
January 26, 2023
BOE Report Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news U.S. crude inventories have risen less than expected. U.S. West Texas Intermediate (WTI) crude futures were up $1.65, or 2.05%, at $82.06. Brent crude futures rose $1.70, or 1.97%, to $87.94 a barrel. “China’s reopening
Weekly Gas Storage: Inventories decrease by 91 Bcf
January 26, 2023
Natural Gas Inventories as of January 20, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 91 Bcf as of January 20, 2023. Working gas in storage was 2,729 Bcf as of Friday, January 20, 2023, according to EIA estimates. This represents a net decrease of 91 Bcf from the previous week. Stocks were
3 TSX Stocks That Are Too Cheap to Ignore
January 26, 2023
Since the end of 2021, growth stocks have underperformed the broader indices by a wide margin. A …
