Hess Corp on Thursday reported first-quarter earnings well above analysts’ forecasts, driven by a 28% increase in Guyana oil output, a sign Exxon Mobil’s results out Friday could also top forecasts. Last October, Hess agreed to sell itself to Chevron for $53 billion in stock, but the deal has been stalled by a regulatory review [Read more ..read more

Adjusted EBITDA1 of $132 million ($0.47/basic share) Discretionary Free Cash Flow1 of $93 million ($0.33/basic share) Strengthened our capital structure with debt repayment and refinancing. At March 31, 2024, the Corporation had $264 million of cash and $751 million in available borrowing capacity, subject to covenant restrictions, providing ample liquidity for shareholder returns and funding [Read more ..read more

CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. [Read more ..read more

Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict risks in the key Middle East producing region. Brent crude futures inched up 18 cents, or 0.2%, to $88.20 a barrel at 0630 GMT, while [Read more ..read more

CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) — Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). Prospera Energy Inc. announces that the filing of its audited annual financial statements, management’s discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2023 [Read more ..read more

EASTLEIGH, UNITED KINGDOM / ACCESSWIRE / April 25, 2024 / i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the Company’s 2024 capital budget and production guidance. The Company will hold an investor webinar on Thursday 2 May 2024 at 12:00 [Read more ..read more

In the eastern Chinese port of Dongying, the start of 2024 has often seen several tankers docked simultaneously discharging Russian crude oil into a new 31.5 million barrel storage facility completed late last year. It is, traders say, all part of a concerted and deliberate Chinese effort to build up strategic stockpiles for a perhaps [Read more ..read more

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three months ended March 31, 2024. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR (www.sedar.com) and will be available [Read more ..read more

Hess Corp on Wednesday said its board has set April 12 as the record date for the determination of the stockholders entitled to vote on the proposed merger with Chevron Corp. Shareholders will vote on the proposed deal in a meeting whose date is yet to be set, the company said in a U.S. securities [Read more ..read more

CALGARY, AB, April 24, 2024 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) today announces the director election results from its 2024 annual meeting of shareholders held on April 24, 2024.  According to the proxies received and ballots cast at the meeting, the following seven nominees were elected as directors to [Read more ..read more