COMMENTARY: A Pinch of Salt Could Unsettle Electric-Car Order

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By Katrina Hamlin Table salt is pictured in this illustration following the Food and Drug Administration’s new guidelines for sodium intake in the Manhattan borough of New York City, New York, U.S., October 13, 2021. REUTERS/Carlo Allegri/Illustration HONG KONG, Feb 7 (Reuters Breakingviews) – It is a truth only recently acknowledged by Tesla (TSLA.O) CEO Elon …

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Big Oil Offers Record Returns to Lure Investors back

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Summary Sector offered record returns of $111 bln in 2023 Yet profits dropped sharply from 2022’s peak Boards promise discipline, stability amid uncertain outlook (Reuters) – Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the …

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Sweden Ends Nord Stream Sabotage Probe, Hands Evidence to Germany

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Sweden ends Nord Stream sabotage probe, hands evidence to Germany Summary Sweden says no evidence its citizens involved in blasts Plans to hand information it has gathered over to Germany Russia says it is watching to see what Germany does STOCKHOLM, Feb 7 (Reuters) – Sweden on Wednesday dropped its investigation into the explosions in …

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

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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

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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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