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WIND WARNING: Wind Power Giants See Little Shelter From Sector Troubles

Latest, Renewable Energy, US News, Wind / By

Summary Siemens Energy, Vestas, Orsted all report results Results reflect ongoing problems in maturing wind sector Orsted cuts jobs, Vestas scraps dividend FRANKFURT/COPENHAGEN, Feb 7 (Reuters) – The world’s three biggest wind power groups on Wednesday gave a sober view of the year ahead for an industry buffeted by project delays, equipment problems and inflation. …

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TotalEnergies and Vantage enter into a 75/25 joint venture owning the Tungsten Explorer drillship

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(GLOBE NEWSWIRE) — TotalEnergies and Vantage Drilling International have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship. Pursuant to the terms of the agreement, TotalEnergies will pay $199 million for a 75% interest in the JV owning the rig, with Vantage owning the …

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Enphase Energy Reports Financial Results for the Fourth Quarter of 2023

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FREMONT, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the fourth quarter of 2023, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $302.6 million …

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Evolution Petroleum Reports Second Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend for the Fiscal 2024 Third Quarter

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HOUSTON, Feb. 06, 2024 (GLOBE NEWSWIRE) — Evolution Petroleum Corporation (NYSE American: EPM) (“Evolution” or the “Company”) today announced its financial and operating results for its fiscal second quarter ended December 31, 2023 (“Fiscal Q2” or the “current quarter”). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 …

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Range Announces Fourth Quarter Production and Pricing

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FORT WORTH, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced fourth quarter 2023 expectations for production and pricing with fourth quarter production averaging approximately 2,207 Mmcfe per day. In addition, Range realized $8.0 million in contingent derivative settlement gains in fourth quarter 2023. Production and Pricing Fourth quarter 2023 daily …

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Weatherford Announces Fourth Quarter and Full Year 2023 Results

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Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26% Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior …

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Exxon Raises Guyana’s Oil Production to About 645,000 Barrels Per day

CDN and International News, Latest / By

Reuters A consortium led by Exxon Mobil Corp which controls all oil production in Guyana is pumping about 645,000 barrels per day (bpd) in the South American country, up from about 400,000 bpd in late 2023, the U.S. producer said at a press conference on Tuesday. Guyana has emerged as the world’s fastest-growing new oil province …

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Europe Oil Product Markets Hurting as Red Sea Attacks Delay Deliveries, IEA Exec Says

CDN and International News, Conventional Energy, Latest, Oil / By

Delays in oil product deliveries due to ships being diverted avoid attacks in the Red Sea are impacting product markets in Europe in particular, an International Energy Agency executive said on Wednesday. “We’re currently seeing a difficult situation with respect to the Red Sea and the Suez canal,” Keisuke Sadamori, IEA’s director of energy markets …

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DIMATE PACS at MiRO: Digital NDT in Germany’s Largest Refinery

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Every three years, one of MiRO’s two major plant sections is shut down for extensive inspection and maintenance work. This is a good time to examine the potential for optimizing processes and margins. The result of the last major shutdown: the NDT processes in Germany’s largest refinery should become digital in order to increase quantity, …

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WHITE PAPER: Rebuild Or Buy New? An In-Depth Cost Analysis for Cat® Gas Compression Engines

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VIEW PDF VERSION HERE After Years of Reliable Service, Your Caterpillar 3500 Or 3600 Gas Compression Engine Fails. What’s The Next Step? Do You Rebuild or Invest in A New Unit? Every decision-maker battles this balance: cost versus benefits, budget and timing. A comprehensive, cost-effective rebuild can restore your existing engine to like-new condition. A …

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