How Much to Invest to Get $500 in Dividends Every Month
December 18, 2023
2023-12-18 15:45:00 ET Last week, the Bureau of Labor Statistics announced that the United …
U.S. shale drillers use ramp up oil production, calling OPEC+ strategy into question
December 18, 2023
World Oil (Bloomberg) – Shale drillers from the Permian basin in West Texas to the Bakken shale of North Dakota have ramped up oil production well beyond what analysts foresaw, pushing output to a record just as OPEC and its allies put the brakes on supplies in a bid to arrest price declines. This time last year, U.S. government forecasters
Tokyo Gas to buy Rockcliff Energy for $2.7 billion in U.S. shale push
December 18, 2023
World Oil (Bloomberg) — Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Haynesville shale operator Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale gas operations. Tokyo Gas America will acquire all the shares of Rockcliff, a portfolio company of Quantum Energy Partners, through its ownership interest in
Goldman cuts 2024 Brent price forecast on strong US supply
December 18, 2023
Nasdaq Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying strong production from the United States would moderate any upside in oil prices. “We still look for range-bound prices and only moderate price volatility in 2024. Elevated spare capacity to handle tightening shocks should limit upside price moves,”
Permian operator Callon Petroleum mulls options amid buyer interest
December 18, 2023
World Oil (Bloomberg) — Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry. The Houston-based company has been working with an adviser to study possibilities including a potential sale, said the people, who asked to not
Oil climbs 3% as Red Sea tanker attacks prompt reroutings
December 18, 2023
Investing HOUSTON – Oil rose 3% on Monday as mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea disrupted maritime trade. A Norwegian-owned vessel was attacked in the Red Sea on Monday and oil major BP (NYSE:BP) said it has temporarily paused all transits through the body of water. Other shipping firms said over
Equus Subsidiary, Morgan E&P, Increases Net Acreage and Reserves in the Bakken
December 18, 2023
HOUSTON, Dec. 18, 2023 (GLOBE NEWSWIRE) — Equus Total Return, Inc. (NYSE: EQS) (“Equus”) today a…
Upstream Energy Sector Increasingly Turns to Artificial Intelligence and Advanced Analytics to Navigate Energy Transition and Accelerate Carbon Reduction Efforts
December 18, 2023
Upstream Energy Sector Increasingly Turns to Artificial Intelligence and Advanced Analytics to Na…
