(World Oil) – Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total agreed consideration of €2.938 billion. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500 million; 2) the purchase of Enilive’s shares from Eni
(Oil Price) – One of the biggest U.S. refiners, Valero Energy (NYSE: VLO), beat Wall Street estimates even as it reported a widely expected plunge in its third-quarter earnings due to slumping refining margins. Valero reported on Thursday earnings per share (EPS) of $1.14 for the third quarter, down by a massive 86% compared to the EPS of $7.49 for the same period
(World Oil) – Matador Resources Co. plans to produce more oil in 2024 than previously planned, a signal that wells in the western part of the Permian basin — the busiest U.S. oil field — continue to lead national oil growth. Dallas-based Matador now plans to produce an average of 98,500 to 101,500 bopd in 2024, a 5% increase from
(World Oil) – U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023, according to a report by the U.S. Energy Information Administration (EIA). If this trend holds for the remainder of 2024, it would mark
CALGARY, Alberta, Oct. 22, 2024 (GLOBE NEWSWIRE) — Acceleware Ltd. (“Acceleware” o…
KITCHENER, Ontario, Oct. 23, 2024 (GLOBE NEWSWIRE) — The General Presidents’ Maintenance …
HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Co…
2024-10-14 03:51:22 ET Oil prices slipped over 1% on Monday as concerns over poor deman…
2024-10-14 12:51:18 ET The Organization of the Petroleum Exporting Countries (OPEC) tri…
2024-10-14 14:29:43 ET The S&P 500 rose to a new record high of 5,859 on Monday ahe…
2024-10-15 05:25:08 ET Oil prices extended their losses on Tuesday, nearly erasing all …
2024-10-15 10:01:34 ET %Oil prices are down 4% and at their lowest level in two weeks a…
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