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CW Petroleum Corp (CWPE) Reports Fiscal Year Ended 2023, Profitability

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Katy, Texas, April 30, 2024 (GLOBE NEWSWIRE) — CW Petroleum Corp (CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announced audited financial results for the year ended 2023. The Company has a 13-year history of generating revenues and has reported eight years of Audited Financial Statements since its public …

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VAALCO Energy, Inc. Announces Closing of Accretive All Cash Svenska Acquisition

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HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has closed the acquisition of Svenska Petroleum Exploration AB (“Svenska”), an exploration and production (“E&P”) company based in Stockholm, Sweden (the “Acquisition”). As previously disclosed, Svenska’s primary asset is a 27.39% non-operated working …

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CVR Energy Reports First Quarter 2024 Results and Announces a Cash Dividend of 50 Cents

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SUGAR LAND, Texas, April 29, 2024 (GLOBE NEWSWIRE) — CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced net income attributable to CVR Energy stockholders of $82 million, or $0.81 per diluted share, on net sales of $1.9 billion for the first quarter of 2024, compared to net income attributable to CVR …

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Norway to Add Another Oil Field in North Sea With Bestla Tie-In

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil / By

Norway will add a new oil and natural gas development in the North Sea, extending the life of a nearby field that has been in operation for over three decades. Okea ASA will operate the Bestla project, due to come on-stream in the first half of 2027, with total investments forecast to be about 6.3 billion …

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America’s Troubled Offshore Wind Push May Yet Take Off

Latest, Renewable Energy, US News / By

President Joe Biden’s lofty 2030 goal is unlikely to be met, but the sector is finally poised for a rebound. Bloomberg Recent headlines on US offshore wind have been grim: big developments delayed or scrapped; billions of dollars in losses; jumbled supply chains; and the potential return of a professed wind-hater to the White House. But at …

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U.S. Reforms Environmental Law to Speed up Clean Energy, Infrastructure Approval

Electricity Grid, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

(Reuters) – The White House on Tuesday reformed the U.S. environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar farms to semiconductor manufacturing. The reforms are the second and final phase of the administration of President Joe Biden’s adjustments to the …

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Oil Steady as Investors Eye Mideast Talks, Rates Meeting

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

(Reuters) – Oil steadied on Tuesday after the previous day’s drop as Israel-Hamas talks offered hopes of a ceasefire even as Red Sea attacks continued, while investors awaited signals on U.S. interest rates ahead of a key meeting on Wednesday. Brent crude futures rose 27 cents, or 0.3%, to $88.67 a barrel at 0830 GMT, …

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Western Insurers Say Russian Oil Price Cap Doesn’t Work

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

A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into joining a shadow fleet, delivering one of the harshest rebukes to the measure that had been meant to cut revenue to the Kremlin. The G7 group of industrialised nations approved a so-called price cap …

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Texas Operators Turn to Flaring Amid Weak Gas Prices

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

(Reuters) – Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests. The Railroad Commission of Texas (RRC), which regulates the state’s oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in …

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Diamondback Energy and Endeavor Receive Second FTC Request Over $26 Bln Deal

Energy Topics & Technology, Latest, Mergers and Acquisitions / By

Oil and gas firm Diamondback Energy said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in connection with the $26 billion deal to buy privately-held Endeavor. The U.S. antitrust regulator has asked for additional information and documentary material as part of its review of the proposed merger. CONTEXT …

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