Civeo Announces a 5-Year Contract Award in Australia with Expected Revenues of Approximately A$337 million
January 31, 2023
Civeo Corporation (NYSE: CVEO) today announced that it was awarded a five-year contract with a le…
Big oil reports record profits, but there’s a catch
January 31, 2023
Oil Price Big Oil had a record year in 2022, earning billions from the imbalance between oil and gas demand and supply, and from the massive uncertainty that geopolitical events and decisions in Europe precipitated. The record profits drove higher dividends and lofty share buyback plans. They are also drawing highly unwanted attention from governments. And this attention might
Hydraulic Marine Cranes Market will value USD 15.0 billion by 2030 : GreyViews
January 31, 2023
Pune India, Jan. 31, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned…
RBC: Oil prices will only go higher from here
January 31, 2023
Oil Price Crude oil prices have found a floor and the only way they can go from here would be higher. That’s according to RBC commodity analysts Helima Croft and Michael Tran, as quoted by Bloomberg. “We remain constructive on the fundamental framework, and in fact, we would not be the least bit surprised if the lows of the year
Magnolia Oil & Gas increases quarterly dividend 15 percent
January 31, 2023
Oil and Gas 360 January 31, 2023- HOUSTON–(BUSINESS WIRE)–Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit payable on March 1, 2023 to shareholders of record as of February 10, 2023.
Exxon smashes Western oil majors’ earnings record with $56 billion profit for 2022
January 31, 2023
Nasdaq HOUSTON – Exxon Mobil Corp XOM.N posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.
Technip Energies, ExxonMobil to develop world’s largest low-carbon hydrogen facility
January 31, 2023
World Oil (WO) — Technip Energies won a contract award from ExxonMobil for front-end engineering and design (FEED) for the world’s largest low-carbon hydrogen production facility. The low-carbon hydrogen, ammonia and carbon capture facility in Baytown, Texas, will produce 1 billion ft. of low-carbon hydrogen per day. It will also capture over 98% of related CO2 emissions, which is around
Oil slips on rate hike worries, Russian crude flows despite China performance
January 31, 2023
BOE Report Oil prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows cancelled out demand recovery expectations from China. U.S. West Texas Intermediate (WTI) crude futures slipped 24 cents, or 0.31%, to $77.52 a barrel. March Brent crude futures fell 32 cents, or 0.38 to $84.08 per barrel. “Oil markets
Imperial announces fourth quarter 2022 financial and operating results
January 31, 2023
Quarterly net income of $1,727 million and cash flow from operating activities of $2,797 million …
