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Enphase Energy Reports Financial Results for the First Quarter of 2024

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FREMONT, Calif., April 23, 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 first quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $263.3 million …

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Range Announces First Quarter 2024 Results

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FORT WORTH, Texas, April 23, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2024 financial results. First Quarter 2024 Highlights – Cash flow from operating activities of $332 million Cash flow from operations, before working capital changes, of $308 million Capital spending was $170 million, approximately 26% of the 2024 budget Pre-hedge …

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New Technology Helps U.S. Shale Oil Industry Start to Rebuild Well Productivity

Conventional Energy, Exploration & Production, Latest, Oil, US News / By

HOUSTON, April 24 (Reuters) – Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is deterring some companies from doing so. While overall output is at record levels, the amount of oil recovered …

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BP Reshapes Its Leadership Team as Some Executives Leave

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New CEO Auchincloss seeks to simplify BP’s corporate structure Retiring gas and power chief Dotzenrath is replace by Lin BP Plc restructured its top management as the departure of some executives allowed new Chief Executive Officer Murray Auchincloss to put his mark on the oil and gas giant. The executive leadership team will be reduced to 10 members …

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Abu Dhabi’s TAQA Confirms Naturgy Shareholder Talks as it Eyes Full Takeover

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(Reuters) – Abu Dhabi’s TAQA  is in discussions with the three largest shareholders of Spanish energy firm Naturgy, it said on Wednesday, with a view to a possible full takeover bid for the company. Criteria, the main shareholder in lender Caixabank owns a 26.7% stake in Naturgy, which has a current overall market value of 22 billion …

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U.S. Says it Will Not Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections

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The U.S. will not renew a temporary license set to expire on Thursday that widely eased sanctions on Venezuela’s oil and gas sector, a State Department spokesperson said, unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year. The U.S. has been concerned about Venezuela’s electoral process and …

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Oil and Gas Activity in U.S. Midwest, Rockies Fell in Q1, Kansas Fed Says

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Oil and gas energy activity in Oklahoma, Colorado and the northern part of New Mexico fell in the first quarter of 2024, the Federal Reserve Bank of Kansas City said on Friday in its quarterly survey of energy activity. Drilling and business activity contracted for a fifth straight quarter and will likely continue to fall …

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U.S. Finalizes Big Reforms to Federal Oil and Gas Drilling

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, US News / By

(Reuters) – President Joe Biden’s administration on Friday finalized a range of reforms designed to boost returns and address environmental harms from oil and gas drilling on public lands. The new rules follow years of criticism from green and taxpayer groups that federal oil and gas development was not benefiting the public. Many of the …

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Exxon Mobil Raised Package of CEO Woods to $36.9 Mln in 2023

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(Reuters) – Exxon Mobil  Chief Executive Darren Woods received $36.9 million in total compensation for 2023, up nearly 3% from a year earlier, the oil major said in a regulatory filing on Thursday. And in proxy filing ahead of its May 29 annual meeting of shareholders, Exxon recommended its investors vote against all proposals submitted by …

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