Message in a Bottle: Tracing Production from Zone to Wellhead
New tracers by RESMAN Energy Technology enable measurement while a well is still producing.
DT Midstream Reports Strong First Quarter 2024 Results
DETROIT, April 30, 2024 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced first quarter 2024 reported net income of $97 million, or $0.99 per diluted share. For the first quarter of 2024, Operating Earnings were $97 million, or $0.99 per diluted share. Adjusted EBITDA for the quarter was $245 million. Reconciliations of Operating …
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CW Petroleum Corp (CWPE) Reports Fiscal Year Ended 2023, Profitability
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
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
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
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
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
(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
(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
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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