Trican Reports Second Quarter Results for 2023 and Declares Quarterly Dividend
August 1, 2023
Calgary, Alberta–(Newsfile Corp. – August 1, 2023) – Trican Well Service Ltd. (TSX: TCW) (” Tric…
Chesapeake Energy Corporation reports 2023 second quarter results
August 1, 2023
Oil and Gas 360 OKLAHOMA CITY, Aug. 1, 2023 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2023 second quarter financial and operating results. Net cash provided by operating activities of $515 million Net income of $391 million, or $2.73 per diluted share (all per share amounts stated on a diluted basis); adjusted net income(1) of $92 million, or $0.64 per share Delivered total net production of 3,653 mmcfe per
Where to Invest $1,000 in August 2023
August 1, 2023
2023-08-01 14:30:00 ET The Canadian equity markets have rebounded strongly amid easing infl…
Energy trade groups urge Biden administration to support domestic energy production with “robust” offshore leasing program
August 1, 2023
World Oil WO) — The American Petroleum Institute and Energy Workforce & Technology Council joined with 17 energy trade groups representing all sectors of the U.S. natural gas and oil industry in calling on the Biden administration to support U.S. energy security by finalizing a robust program for federal offshore leasing. In a letter to President Biden, the energy trade
BP raises dividend despite 70% earnings plunge
August 1, 2023
Oil Price BP (NYSE: BP) raised its dividend even as it missed earnings estimates after reporting on Tuesday a 70% annual decline in second-quarter profit, due to lower oil and gas prices and weaker refining margins and trading business. Underlying replacement cost profit, the most closely watched metric, slumped to $2.6 billion for the second quarter, down from $5.0 billion for the
Alberta crude oil production falls to seven-year low amidst oil-sands mines maintenance
August 1, 2023
World Oil (Bloomberg) – Crude production in Canada’s energy heartland fell to the lowest in seven years in June amid maintenance at oil-sands mines and as Suncor Energy Inc.’s output was partially excluded, according to Alberta Energy Regulator data. Alberta’s total oil output dropped 21% to 2.71 MMbpd, the lowest since June 2016, when oil-sands producers were recovering from wildfires
Saudi Arabia may raise Sept crude prices for a third month
August 1, 2023
Nasdaq SINGAPORE – Saudi Arabia, the world’s biggest oil exporter, may raise its price for Arab Light crude for sale to Asian refiners for a third month as its voluntary output cuts may be extended, further tightening the supply of high-sulphur, or sour, crude. State-owned Saudi Aramco may raise the official selling price (OSP) for its flagship Arab Light crude
Oil dips on stronger dollar, signs of profit-taking after July rally
August 1, 2023
Yahoo Finance HOUSTON – Oil prices edged lower on Tuesday on a stronger dollar and signs of profit-taking, after rallying in July when investors wagered on tightening global supplies and demand growth in the second half of the year. Brent crude futures for October were at $84.80 a barrel at 11:30 a.m. ET (1530 GMT), down 63 cents or 0.7%.
Is Suncor Stock a Buy?
August 1, 2023
2023-08-01 09:30:00 ET Suncor ( TSX:SU ) is underperforming its peers in the Canadi…
Pipestone Energy Corp. Enters into Agreement to be Acquired by Strathcona Resources Ltd. in an All-Share Transaction, Creating a New Public Canadian Oil & Gas Champion
August 1, 2023
Pipestone Energy Corp. Enters into Agreement to be Acquired by Strathcona Resources Ltd. in an Al…
