2 Dividend Stocks That Could Create $2,484.40 in Passive Income in 2024
May 22, 2024
2024-05-22 20:00:00 ET If you’re a Canadian investor looking for passive income, the…
Exxon case against activist shareholder can proceed, US judge rules
May 22, 2024
CNBC A federal judge in Texas on Wednesday said ExxonMobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about its future effect on shareholder resolutions. U.S. District Judge Mark Pittman for the Northern District of Texas ruled that Exxon’s lawsuit can proceed against Boston-based Arjuna Capital, but dismissed the oil major’s
APA Corporation sells non-core Permian, Eagle Ford assets for $700 million
May 22, 2024
World Oil (WO) – APA Corporation announced the sale of non-core producing properties by Apache Corporation in two separate transactions for over $700 million. Combined, the properties represent estimated net production in the first-quarter 2024 of 13,000 boed, of which just over one-third is oil. “These transactions are consistent with our active management of the portfolio, and we will continue
U.S. set to secure critical domestic rare Earths supply chain by 2027
May 22, 2024
Oil Price The United States is on track to meet its goal to have by 2027 a domestic supply chain of rare earth elements for its defense needs, according to a senior official at the Department of Defense. The U.S. looks to cut its reliance on Chinese rare earth materials and has classified close allies Australia, Canada, and the UK
Guyana’s economy surges on offshore success in prolific Stabroek block, EIA reports
May 22, 2024
World Oil (WO) – According to the U.S. Energy Information Administration’s latest report, Guyana has significantly boosted its crude oil production since it began in 2019, reaching 645,000 bpd by early 2024, all from its prolific offshore region, the Stabroek block. From 2020 to 2023, Guyana’s crude oil production grew by an average of 98,000 bpd annually, making it the
Why Kinder Morgan is targeting this Texas oil field
May 22, 2024
Oil Price American oilfield services provider and pipeline operator Kinder Morgan has acquired nearly 12,000 acres of Texas oil and gas producing assets in its quest to take advantage of carbon capture incentives designed to boost output from producing fields, Reuters reported on Wednesday, citing unnamed sources familiar with the deal. According to Reuters, the Kinder acquisition indicates the attractive
U.S. crude oil inventories decrease by 1.8 million barrels
May 22, 2024
Weekly Crude Oil Storage as of May 17, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.8 million barrels from the previous week. At 9.5 million barrels, U.S. crude oil inventories are 3% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Imperial achieves first oil production from Grand Rapids project using lower emission technology
May 22, 2024
Ramping up production to achieve 15,000 barrels per day of GHG-advantaged volumes Expected to…
