April 29, 2024 – Oil & Gas 360

SilverBow Resources successfully executing strategic priorities to drive shareholder value

April 29, 2024

Oil and Gas 360 04/29/2024 Files Investor Presentation and Sends Letter to Shareholders Highlighting Track Record of Profitable Growth Board Urges Shareholders to Vote “FOR” ALL of SilverBow’s Highly Qualified Directors on the WHITE Proxy Card HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today released an investor presentation and mailed a letter to shareholders in connection with the Company’s 2024 Annual

ExxonMobil, Chevron to increase Guyana, Permian oil production amidst $100 billion M&A spending

April 29, 2024

World Oil (Bloomberg) – If you want to understand why the two largest U.S. oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re extracting from the two hottest oil fields on the planet. Exxon Mobil Corp. and Chevron Corp., which reported earnings Friday, are both predicting

Kimmeridge releases presentation outlining the urgent need for board change at SilverBow

April 29, 2024

Oil and Gas 360 NEWS PROVIDED BY Kimmeridge Apr 29, 2024, 06:00 ET Details SilverBow’s track record of underperformance, value-destructive acquisitions, broken governance, and entrenchment maneuvers SilverBow needs experienced, independent directors who are open to assessing all value enhancing alternatives to capitalize on its limited window of opportunity to create significant long-term shareholder value Urges shareholders to vote “FOR” all

$ProPetro announces agreement for FORCESM electric hydraulic fracturing services- oil and gas 360$

ProPetro announces agreement for FORCESM electric hydraulic fracturing services

April 29, 2024

Oil and Gas 360 MIDLAND, Texas–(BUSINESS WIRE)– ProPetro Holding Corp. (“ProPetro” or “the Company”) (NYSE: PUMP) has entered into a three year Hydraulic Fracturing Services Agreement (the “Agreement”) to provide electric hydraulic fracturing services to ExxonMobil in the Permian Basin. ProPetro’s Chief Executive Officer, Sam Sledge, commented, “We’re thrilled to announce a key strategic step for ProPetro as we strengthen

TotalEnergies CEO calls on policymakers to “face reality” as world oil demand rises

April 29, 2024

World Oil (Bloomberg) – The world could still be using more than 100 MMbpd of oil by 2040, making it vital to start preparing and adapting for a warmer climate, said TotalEnergies SE Chief Executive Officer Patrick Pouyanne. The warning from the outspoken 60-year-old Frenchman carries some weight, as under his leadership, TotalEnergies is investing $5 billion a year into

G7 nations discuss phasing out coal-fired electricity by 2035

April 29, 2024

Oil Price The G7 group of the world’s most industrialized nations are discussing a common target to end their coal-fired power generation by 2035 at an energy ministers’ meeting in Italy, a source close to the talks told Reuters on Monday. The energy, climate, and environment ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States are meeting between Sunday

Oil dips on Israel-Hamas peace talks, slim near-term US rate cut hopes

April 29, 2024

Yahoo Finance Oil prices dipped on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears of a wider Middle East conflict, while U.S. inflation data dimmed the prospect of interest rate cuts soon. Brent crude futures for June, which expire on Tuesday, were down by 70 cents, or 0.8%, to $88.80 a barrel by 1245 GMT. The more active July

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