(Reuters) – Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 35 cents, or 0.4%, to $83.38 a barrel at 1036 GMT. U.S. West Texas Intermediate crude futures climbed 37 cents, or 0.5%, to $78.28 a barrel. The dollar …
Reuters (Reuters) – Siemens Energy is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group’s annual general meeting (AGM). “The losses we incurred in our wind business and the underlying problems are unacceptable. We will …
Siemens Energy CEO: Fixing Onshore Wind Business Will Take Years Read More »
Reports record total and oil production for 4Q-23 and FY-23 Plans to invest $750 – $850 million, increasing FY-24 oil production ~10% from 4Q-23 exit Updates development inventory to >10 years of oil-weighted locations TULSA, OK, Feb. 21, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported …
Vital Energy Reports Fourth-Quarter and Full-Year 2023 Financial and Operating Results Read More »
FORT WORTH, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its fourth quarter 2023 financial results and plans for 2024. Full-Year 2023 Highlights – Cash flow from operating activities of $978 million Cash flow from operations, before working capital changes, of $1.1 billion Reduced net debt by $292 million, paid …
Range Announces Fourth Quarter 2023 Results and 2024 Guidance Read More »
HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today announced fourth-quarter and full-year 2023 results. Results can be found on the company’s website by visiting www.apacorp.com or investor.apacorp.com. APA will host a conference call Feb. 22 at 10 a.m. Central time via the webcast link available on the company website to discuss the results. …
Storage Capacity Installed of 219.7 Megawatt hours in Q4, exceeding guidance range and representing 154% year-over-year growth Nationally, storage attachment rates hit 45% of installations in Q4; recent storage attachment rates have reached ~48% on new sales Solar Energy Capacity Installed of 227.1 Megawatts in Q4, reaching 6.7 Gigawatts of Networked Solar Energy Capacity …
Sunrun Reports Fourth Quarter and Full Year 2023 Financial Results Read More »
Company to provide well construction services in Buzios field offshore Brazil Positions Baker Hughes as integrated solutions supplier for Petrobras HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a significant contract award from Petrobras for integrated well construction services in the Buzios field, offshore Brazil. The …
Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras Read More »
BP Plc plans to return its 435,000 barrel-per-day Whiting, Indiana refinery, the largest in the U.S. Midwest, to full production in March, said people familiar with plant operations on Wednesday. BP plans to begin restarting the refinery in the last week of February and bring refinery production to full in March, the sources said. A …
BP Plans Return of Whiting, Indiana Refinery in March, Sources Say Read More »
Enhanced Operating Scale to Drive Returns and Free Cash Flow; Combined Acreage Position Totaling 1.3 Million Net Acres and Combined 4Q23 Production of 287,000 Boepd Combined Company has Approximately 10 years of Low-Breakeven Inventory with Significant Opportunity to Enhance Returns through Efficiencies and Expanding Three-Mile Lateral Opportunities Transaction Accretive to Key Metrics While Preserving Low Leverage; …
Oil producers in the Western Hemisphere have captured all the increase in global oil consumption over the last decade, reversing the previous trend towards production becoming concentrated in the Eastern Hemisphere. With consumption growth increasingly focused on the Eastern Hemisphere, the predominant east-to-west flow of crude oil and refined products across the oceans has been reversed, transforming …
Western Hemisphere Oil Output Surges, With a Helping Hand From OPEC – John Kemp Read More »
