(Oil Price) – Producers of crude oil and natural gas will invest more in their business next year amid a stumbling transition away from hydrocarbons. The development may come as a surprise in the context of ever more transition commitments on the part of governments, but it simply proves one thing: while there is demand, there will be supply. Investments in
(Oil & Gas 360) – CALGARY, Alberta, Oct. 03, 2024 (GLOBE NEWSWIRE) — Prospera Energy Inc. (PEI: TSX-V; OF6A: FRA) (“Prospera” or the “Corporation“) Prospera Energy Inc. (PEI) is pleased to announce the prompt full repayment of its $3,430,000 high-interest 16%, Gross Overriding Royalty (GORR) financing. The GORR re-purchase takes advantage of the early payment discount and eliminates the risk of
Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Flotek is a technology-driven, specialty chemistry and data company that serves customers across industrial, commercial and consumer markets. Flotek empowers the energy industry to maximize the value of their hydrocarbon streams
World Oil On Day 2 (Tuesday, May 7) of OTC 2024, Andy Krieger—Senior V.P. for bp’s Gulf of Mexico (GOM) and Canadian businesses—played host for a panel on the company’s operations in the GOM at OTC 2024. Within the broader discussion of the company’s operations in the GOM, a few key topics surfaced: the potential and opportunities of the Paleogene
BOE Report It’s hard to believe New York Times bestselling author Alex Epstein founded the Center for Industrial Progress (CIP) over a decade ago. As president of the CIP, he launched an impressive career dispelling modern myths and false prophesies related to fossil fuels and the environment and regularly delivers lectures around the world. I am sure I am not the only new
CNBC There could be upside in store for the market’s worst-performing sector. S&P 500 energy stocks have underperformed the index’s 10 other sectors over a range of time frames including in Tuesday’s trading session, this week, this month, this year and over the last 12 months. The group has encountered numerous headwinds in 2020, not least of which was the sharp
By Tyler Losier, Energy Reporter, Oil & Gas 360 EnerCam Resources receives approval from the Royal Government of Cambodia to develop Petroleum Block VIII EnerCam Resources Co. Ltd., a subsidiary of Canadian mineral company Angkor Gold Corp. (stock ticker: ANK:CA, ANKOF), has received approval from the Royal Government of Cambodia on its application for a 7,300 square kilometer oil and
From Reuters Argentina’s gas production rose to 140 million cubic meters a day in June, the highest level in 11 years, the government said on Saturday. That amount represented growth of 5.8% compared with the same period last year. Argentina’s treasury ministry credited the growth to an increase in production at the Vaca Muerta shale play, which is about the
North American Helium, a Calgary-based private helium exploration and production company, said it has brought oil and gas producer Marlon McDougall on board as its president and COO. McDougall is a 30-year veteran of oil and gas industry operations, having recently served as COO of Grizzly Resources (private) and as COO of PennGrowth Energy (stock ticker: PGHEF, $PGHEF). Former E&P COO Crosses
Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered down, strengthened their balance sheets, made technological leaps and kept on producing oil and gas—without depending on the reappearance of
The shifting landscape of global energy 2014 marked the beginning of a new era in the oil and gas industry, said Bob Dudley, Group Chief Executive for BP’s (ticker: BP) 2015 Statistical Review of World Energy. Price volatility is nothing new to the industry, said Dudley, but “[prices] may well come to be viewed as symptomatic of a broader shifting
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