Finance
Vermilion Energy Inc. announces strategic deep basin acquisition
(Oil & Gas 360) – CALGARY, AB, Dec. 23, 2024 /CNW/ – Vermilion Energy Inc. (“Vermilion”, or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce it has entered into an arrangement agreement (the “Arrangement Agreement”) to acquire Westbrick Energy Ltd. (“Westbrick”), a privately held oil and
Basic Energy Services to cut nearly 500 Texas jobs following bankruptcy
Reuters Oilfield services provider Basic Energy Services will cut about 500 jobs in Texas, according to a filing with the state’s workforce commission, as the company works through Chapter 11 restructuring that includes asset sales. The job cuts are focused throughout Texas, with 135
Analysis-US refiners reward shareholders with big returns despite softer Q1 profits
U.S. News NEW YORK (Reuters) – Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization rates fell. Three of the biggest U.S. independent oil
Tamarack Valley Energy announces 2025 corporate budget
(BOE Report) – CALGARY, AB, Dec. 4, 2024 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce its 2025 capital and operating budget. The 2025 budget continues to generate free funds flow(1) in support of ongoing returns to shareholders, and further investment to
Barclays downgrades energy services sector amid bearish outlook
Oil Price – Analysts at Barclays have downgraded the energy services sector on Wednesday, giving it a Neutral rating from Positive amid a bearish oil macro environment. The analysts have highlighted the absence of investor capital influx into the sector despite stable service and equipment
Presenting carbon-neutral solutions for the oil and gas industry at DECARBON 2025
(Oil & Gas 360) – The Oil and Gas Decarbonisation Congress (DECARBON) 2025 welcomes top management and leading technical specialists to present companies’ experience and solutions for reducing carbon emissions within the oil and gas sector. The Congress is held in Berlin, Germany on
Oil prices stable on Monday as data offsets surplus concerns
(Investing) – LONDON – Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. U.S. West
Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs
(Investing) – SINGAPORE/LONDON -Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries, traders and analysts said. Two sources familiar with
