Post Tagged with: "increases"

Source: Reuters

Surging electricity demand increases the risk of blackouts in the U.S.

Oil Price


Back in the middle of 2023, the International Energy Agency reported that electricity demand is on the decline in advanced economies. The IEA said at the time that demand for electricity in the U.S. alone was set to …

Source: Reuters

GRAPHIC-OPEC+ oil quota reform increases Gulf’s dominance

Nasdaq


LONDON – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman earlier this month outlined one of the biggest reforms at OPEC in recent years and presented it as a reward for countries that invest in their oil industry.

The …

Magnolia Oil & Gas increases quarterly dividend 15 percent

Magnolia Oil & Gas increases quarterly dividend 15 percent

Oil and Gas 360


January 31, 2023- HOUSTON–(BUSINESS WIRE)–Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a cash dividend of $0.115 per share of Class A common stock, and a cash distribution …

Horizon Energy Global set to benefit as UK North Sea drilling activity increases amid European natural gas crisis

Horizon Energy Global set to benefit as UK North Sea drilling activity increases amid European natural gas crisis

Oil and Gas 360


By: Larry Busnardo, EnerCom

The natural gas crisis unfolding in Europe appears to be intensifying as Russia has dialed back natural gas supplies to the region. European countries have been scrambling to determine how to meet …

Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%

Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%

Oil and Gas 360


CALGARY, ABJune 28, 2022 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce it has entered into a purchase and sale agreement to acquire XTO Energy Canada

Source: Reuters

Schlumberger reports higher profit as drilling activity increases, hikes dividend

Reuters


Top oilfield services firm Schlumberger (NYSE:SLB) reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment.

Oil prices climbed to their highest in more …

Source: CNBC

OPEC members Saudi Arabia, Russia consider pausing oil production increases -WSJ

CNBC


LONDON — A group of some of the world’s most powerful oil producers will hold a crucial meeting on Thursday to discuss reversing some of the output cuts it made last year.

OPEC and its non-OPEC partners, an energy