Strathcona Resources Ltd. Reports First Quarter 2024 Financial and Operating Results
May 14, 2024
Strathcona Resources Ltd. Reports First Quarter 2024 Financial and Operating Results Ca…
Hess shareholder HBK to abstain from voting on $53 billion Chevron acquisition over arbitration risks
May 14, 2024
World Oil (Bloomberg) – HBK Capital Management, one of the biggest shareholders in Hess Corp., is planning to abstain from voting on the oil company’s $53 billion acquisition by Chevron Corp. The hedge fund agrees with Institutional Shareholder Services Inc. that shareholders should not vote in favor of the deal, one of the firm’s partners, Nikos Panagiotopoulos, said in an interview. “Hess
Proxy firm advises Hess investors to abstain from voting on $53 billion Chevron deal amidst ExxonMobil arbitration
May 14, 2024
World Oil (Bloomberg) – Influential proxy giant Institutional Shareholder Services Inc. recommended Hess Corp. investors abstain from voting on the proposed $53 billion acquisition by Chevron Corp. Shares of both oil companies fell. ISS cited concerns about the deal’s valuation, process and uncertainty around its timeline given the ongoing arbitration case between Exxon Mobil Corp. and Chevron over Hess’ stake
Merger Mayhem: FTC’s Oil Sector Crackdown Puts These 3 Pending Deals at Risk
May 14, 2024
2024-05-14 13:24:34 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
U.S. gasoline prices set for slight drop ahead of Memorial Day
May 14, 2024
Oil Price Gasoline prices in the United States are expected to see a slight drop of up to 10 cents per gallon by Memorial Day weekend, Patrick De Haan, head of petroleum analysis at GasBuddy, said on Tuesday. “I do not expect #gasprices to trend higher ahead of Memorial Day,” De Haan said on X today. “Prices could cycle in some areas that
OPEC remains optimistic about global oil demand growth
May 14, 2024
Oil Price A resilient global economy early this year has additional upside potential in the second half with the possible easing of monetary policies, OPEC said on Tuesday, keeping its 2024 and 2025 outlook of robust oil demand unchanged from last month. In its closely-watched Monthly Oil Market Report (MOMR) out today, OPEC maintained its forecast from the April report, which sees
Honeywell, Weatherford partner on new emissions management solution for oil and gas industry
May 14, 2024
World Oil (WO) – Honeywell and Weatherford announced a partnership to deliver a comprehensive emissions management solution for the oil and gas industry. The agreement combines Honeywell’s emissions management suite with Weatherford’s Cygnet SCADA platform, providing customers with a powerful tool to monitor, report, and take measures to help reduce greenhouse gas emissions, flammable hydrocarbons, and other potentially dangerous and
