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Pipeline Operator Enbridge Beats Profit Estimates on North American Demand

Energy Topics & Technology, Latest, Pipelines / By

(Reuters) – Pipeline operator Enbridge (ENB.TO) beat market estimates for first-quarter profit on Friday, as demand remained strong amid an uptick in oil production across North America. Improvements in technology have driven rapid growth in U.S. oil production over the past few years, benefiting pipeline operators such as Enbridge. The company recorded strong demand for its …

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Oil Benchmark Brent Above $84 on Perky Demand Signals, MidEast Conflict

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

LONDON, May 10 (Reuters) – Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict in the Middle East added support. Brent futures were up 50 cents to $84.38 a barrel at 1130 GMT. …

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Panama Canal in Talks with U.S. LNG Producers to Increase Transit

Conventional Energy, Latest, LNG, Tri-Pinned, US News / By

The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s administrator Ricaurte Vasquez told Reuters in an interview. The canal is typically used by U.S. Gulf Coast exporters to send LNG cargoes to Asia …

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Profire Energy Reports Financial Results for First Quarter 2024

Latest, Press Releases / By

Company Reports Strong Performance on Revenue Diversification LINDON, Utah, May 08, 2024 (GLOBE NEWSWIRE) — Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the “Company”) that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its first quarter ending March 31, 2024. A conference call will …

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Vital Energy Reports First-Quarter 2024 Financial and Operating Results

Latest, Press Releases / By

Company sets quarterly total and oil production records with capital investments below expectations TULSA, OK, May 08, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported first-quarter 2024 financial and operating results. Supplemental slides have been posted to the Company’s website and can be found at www.vitalenergy.com. A conference …

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Epsilon Reports First Quarter 2024 Results

Latest, Press Releases / By

HOUSTON, May 08, 2024 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported first quarter 2024 financial and operating results. Epsilon’s highlights for first quarter 2024 include: Net revenue interest (NRI) total production of 2.0 Bcfe (21.8 MMcfe per day, 16% liquids) for the quarter ended March 31, 2024, a …

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Vantage Drilling International Ltd. Reports First Quarter 2024 Results

Latest, Press Releases / By

DUBAI, United Arab Emirates, May 09, 2024 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $2.9 million or $0.22 per diluted share for the three months ended March 31, 2024, as compared to a net loss attributable to controlling interest of $2.3 …

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Pineapple Energy Reports First Quarter 2024 Financial Results

Latest, Press Releases / By

First Quarter 2024: Revenue down 40% from Q1 2023 Gross profit down 40% from Q1 2023 Operating Expenses down 31% from Q1 2023 Operating Loss increased 2% from Q1 2023 Net Income of $1.2M, Net Loss attributable to common shareholders of $10.1M Adjusted EBITDA loss of $1.5M MINNETONKA, Minn., May 09, 2024 (GLOBE NEWSWIRE) — …

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Amplify Energy Announces First Quarter 2024 Results and Improved 2024 Guidance

Latest, Press Releases / By

HOUSTON, May 08, 2024 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the first quarter of 2024. Key Highlights During the first quarter of 2024, the Company: Achieved average total production of 20.2 MBoepd, while successfully implementing a limited turnaround at …

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