Acceleware Ltd. Reports First Quarter 2024 Financial and Operating Results
May 23, 2024
CALGARY, Alberta, May 23, 2024 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware …
Greenfire Resources Announces Participation in the Lytham Partners Spring 2024 Investor Conference on May 30, 2024
May 23, 2024
Calgary, Alberta–(Newsfile Corp. – May 23, 2024) – Greenfire Resources Ltd. (NYSE: GFR) (TSX: GF…
Top 10 Oil-producing Countries (Updated 2024)
May 23, 2024
2024-05-23 16:50:00 ET In recent years, the global oil market has been impacted signifi…
Argentine shale oil drilling pioneer’s 1,400% rally hinges on presidential reforms to unlock prolific Vaca Muerta field
May 23, 2024
World Oil (Bloomberg) – Miguel Galuccio knows shale. He was a founder of Argentina’s burgeoning boom, leading the first incursions into its heralded oil and gas field known as Vaca Muerta, or dead cow. The shale patch stood idle for nearly a century after its discovery until Galuccio took the reins at state-run YPF SA. But it wasn’t until Galuccio
Hess CEO rallies support as $53 billion Chevron deal approaches investor vote amid ExxonMobil arbitration
May 23, 2024
World Oil (Bloomberg) – John Hess, the boss of the oil company that bears his family name, is talking to directly with shareholders in an effort to ensure enough support for a $53 billion acquisition by Chevron Corp., according to people familiar with the matter. The Hess Corp. chief executive officer is telling investors he got the best deal possible,
Citi Research still expects OPEC+ to hold output cuts through 3rd quarter
May 23, 2024
BOE Report Citi Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday. “A deeper cut would likely be a bullish surprise, but remains a low probability in our view,” the note added. Citi also said its oil price deck continues to see $86 Brent
Democrats urge DOJ to investigate oil majors for climate change disinformation
May 23, 2024
Oil Price U.S. Democratic lawmakers have referred the world’s largest international oil companies to the U.S. Department of Justice, urging an investigation into Big Oil’s ‘deceptive claims’ about its products that have misled the public about the effects on climate. The U.S. House Oversight Committee launched in 2021 an investigation over “the reported role of the fossil fuel industry in a long-running, industry-wide campaign
Weekly Gas Storage: Inventories increase by 78 Bcf
May 23, 2024
Natural Gas Inventories as of May 17, 2024 The EIA has released its natural gas inventory report, showing a net increase of 78 Bcf as of May 17, 2024. Working gas in storage was 2,711 Bcf as of Friday, May 17, 2024, according to EIA estimates. This represents a net increase of 78 Bcf from the previous week. Stocks were
Oil creeps back up after three days of losses
May 23, 2024
Reuters LONDON :Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the U.S. Federal Reserve entertaining further tightening of interest rates if inflation remains sticky, a move that could hurt oil demand. Brent crude futures were up 51 cents, or 0.6 per cent, at $82.41 a barrel by 1121 GMT. U.S. West Texas
