Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal
More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.
Hess Midstream Increases Class A Distribution
Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Mexico Presidential Hopeful Sheinbaum Emphasizes Energy Sovereignty
Claudia Sheinbaum, vying to becoming Mexico’s next president this summer, says she isn’t in favor of an absolute privatization of the energy sector but she isn’t against private investments either.
Rhino Taps Halliburton for Namibia Well Work
Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Keeping it Tight: Diversified Energy Clamps Down on Methane Emissions
Diversified Energy wants to educate on emission reduction successes while debunking junk science.
Keeping it Tight: Diversified Energy Clamps Down on Methane Emissions
Diversified Energy wants to educate on emission reduction successes while debunking junk science.
Solar Panel Tariff, AD/CVD Speculation No Concern for NextEra
NextEra Energy CEO John Ketchum addressed speculation regarding solar panel tariffs and antidumping and countervailing duties on its latest earnings call.
Solar Panel Tariff, AD/CVD Speculation No Concern for NextEra
NextEra Energy CEO John Ketchum addressed speculation regarding solar panel tariffs and antidumping and countervailing duties on its latest earnings call.
Baker Hughes Company Announces First-Quarter 2024 Results
First-quarter highlights Orders of $6.5 billion, including $2.9 billion of IET orders. Revenue of $6.4 billion, up 12% year-over-year. Net income attributable to the Company of $455 million. GAAP diluted EPS of $0.45 and adjusted diluted EPS* of $0.43. Adjusted EBITDA* of $943 million, up 21% year-over-year. Cash flows from operating activities were $784 million and free cash flow* was $502 million. Returns to shareholders of $368 million, including $158 million of share repurchases. HOUSTON …
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Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance
First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21% First quarter operating income of $233 million increased 26% year-over-year First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year First quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 …
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