STEP Energy Services Ltd. Reports Third Quarter 2023 Results
November 1, 2023
CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Compan…
North American Construction Group Ltd. Announces Record Results for the Third Quarter Ended September 30, 2023
November 1, 2023
ACHESON, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG…
AKITA announces third quarter results and net income of $3.9 million for the quarter.
November 1, 2023
AKITA announces third quarter results and net income of $3.9 million for the quarter. C…
Marathon Oil Reports Third Quarter 2023 Results
November 1, 2023
Marathon Oil Reports Third Quarter 2023 Results PR Newswire Returned Over $…
SilverBow Resources Announces Third Quarter 2023 Results
November 1, 2023
Announced agreement to acquire certain South Texas assets from Chesapeake for $700 million …
U.S. offshore wind sector ‘fundamentally broken’ – BP exec
November 1, 2023
Oil Price The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday. But the regulatory and permitting environment for the industry can be fixed, Anja-Isabel Dotzenrath, head of Gas and Low Carbon Energy at BP, said on the conference, as carried by Reuters. Currently,
US Senator Schumer, other senators urge FTC to probe Exxon, Chevron mega-deals
November 1, 2023
Nasdaq Rewrites throughout to add discussion of higher prices, adds quote and other signatories in paragraphs 3-4, Exxon comment in paragraphs 8-9. U.S. Senate Majority Leader Charles Schumer and 22 other Democratic senators wrote to the U.S. Federal Trade Commission on Wednesday, saying multi-billion dollar acquisitions by oil and gas giants Exxon Mobil XOM.N and Chevron CVX.Ncould lead to higher prices for
U.S. gasoline refining profits tumble as demand weakens
November 1, 2023
Oil Price The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline demand and the switch to the cheaper winter-grade gasoline, the Energy Information Administration said on Wednesday. In October, the crack spread, or the difference between the price of a wholesale petroleum product
Zephyr Energy brings Williston basin wells online, boosting production
November 1, 2023
World Oil (WO) – Zephyr Energy plc provided updates on its non-operated asset portfolio in the Williston basin, North Dakota, U.S. In December 2022, the company announced that it had acquired a working-interest in six recently spudded wells operated by Slawson Exploration Company. The working interests acquired range from 11% to 32%. Zephyr’s management estimated the Wells to contain 2P reserves,
Oil up 2% as war rages in Middle East and investors await Fed statement
November 1, 2023
Yahoo Finance NEW YORK – Oil prices climbed about 2% on Wednesday on worries the conflict in the Middle East could disrupt oil supplies and ahead of an expected U.S. Federal Reserve announcement that could provide clues about future interest rates. Brent futures for January delivery rose $1.63, or 1.9% to $86.65 a barrel by 10:50 a.m. EDT (1450 GMT).
U.S. crude oil inventories increase by 0.8 million barrels
November 1, 2023
Weekly Crude Oil Storage as of October 27, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. At 421.9 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year, according to the EIA crude oil and
Pine Cliff Energy Ltd. announces strategic acquisition, new term debt facility and monthly dividend
November 1, 2023
Oil and Gas 360 Calgary, Alberta–(Newsfile Corp. – October 31, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) is pleased to announce that it has entered into a definitive agreement (the “Agreement“) to offer to acquire all of the issued and outstanding common shares (the “Common Shares“) of Certus Oil & Gas Inc (“Certus“), a privately
