Suncor Energy Reports Voting Results from Annual General Meeting
May 9, 2023
Calgary, Alberta–(Newsfile Corp. – May 9, 2023) – Suncor (TSX: SU) (NYSE: SU) held its Annual Ge…
Exclusive: Start-Up Venture Capital Success Panel at EnerCom Dallas-The Energy Investment & ESG Conference®
May 9, 2023
Publisher’s Note: View EnerCom Dallas-The Energy Investment & ESG Conference® replays free for a limited time. Valisa Berber-Thayer, partner at Haynes Boone focused on assisting companies of all sizes with capital structure, mergers and acquisitions, moderated an informative panel with Murtuza Marfani, Vice President of Finance and Corporate Development at Syzygy Plasmonics and Stuart Page, Senior Consultant with the Department
Lower oil prices send Saudi oil giant Aramco’s first quarter profit down 19%
May 9, 2023
CNBC DUBAI, United Arab Emirates — State oil giant Saudi Aramco on Tuesday reported a 19% drop in its first-quarter earnings, recording net income of $31.9 billion down from $39.5 billion the previous year amid falling oil prices. Analysts expected to see a dip in net profit in its most recent quarter compared with the previous year, as inflation and
Occidental Petroleum begins buying back Buffett stock
May 9, 2023
World Oil In something of a reversal in trends, Occidental Petroleum has started buying back preferred stock it transferred to Warren Buffett’s Berkshire Hathaway in exchange for its financial backing for the Anadarko takeover. The news comes just as Buffett said earlier this week he was not seeking to take control of the oil and gas major. “We don’t know where the
Suncor Energy’s new CEO aims to cut costs, simplify operations after accidents
May 9, 2023
Nasdaq WINNIPEG, Manitoba – The new CEO at Suncor Energy Inc SU.TO, Canada’s second-biggest oil producer that has been dogged by safety and operational problems, said on Tuesday that he would look to cut costs, improve efficiency and simplify operations. “We need to get on with it,” CEO Rich Kruger, a former CEO of Exxon Mobil Corp XOM.N unit Imperial Oil IMO.TO, said on his first call with
OPEC minister downplays need for further production cuts to balance market
May 9, 2023
World Oil (Bloomberg) – A key OPEC+ minister played down the need for further cuts to balance supply and demand, weeks after the organization shocked the oil market by announcing a round of large production reductions. “I’m not that worried about the very, very short term,” Suhail Al Mazrouei, the energy minister for the United Arab Emirates, told reporters in
Saudi Aramco reports 19% decline in first-quarter profit
May 9, 2023
2023-05-09 10:31:14 ET May 9 (UPI) — State-owned oil giant Saudi Aramco on Tuesday rep…
Canada wildfires shut in nearly 4% of oil and gas production
May 9, 2023
Oil Price Wildfires in Canada have so far resulted in the shut-in of 319,000 barrels of oil equivalent per day (boepd) from the country’s oil and natural gas production, or 3.7% of all output, as operators shut down producing fields and processing plants. Alberta, the main energy-producing province in Canada, declared this weekend a state of emergency, with tens of thousands forced to
ConocoPhillips announces cash tender offer for up to $750 million of debt securities
May 9, 2023
BOE Report HOUSTON – ConocoPhillips (NYSE: COP) (“COP”) announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo”), have commenced a cash tender offer (the “Tender Offer”) to purchase outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes) having an aggregate purchase price (excluding accrued interest) of up to $750.0 million (the “Maximum Aggregate
