Day: December 2, 2023

Five grassroots climate justice movements COP28 could learn from

Energy News Beat From kings to presidents, CEOs to non-profit bosses, many of the world’s most influential individuals have gathered in Dubai for COP28, the latest edition of the annual United Nations climate conference. Like every such summit, the Dubai conclave, too, has seen criticism, though a loss and damages fund was launched on the […]

SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook

Energy News Beat Oil and Gas 360 FRISCO, TX, Feb. 14, 2023 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2022. Highlights Generated free cash flow from operations of $673 million in 2022, including $129 million in the fourth quarter. Production in the fourth quarter increased 7% […]

Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says

Energy News Beat Nasdaq RIO DE JANEIRO – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group’s coordinated output caps, the chief executive of state-run oil firm Petrobras PETR4.SA told Reuters. Source: Reuters The group’s surprising announcement on Thursday that the South American nation would join […]

Shale driller CrownRock CEO has potential to reshape Texas politics with potential $10 billion Oxy sale

Energy News Beat World Oil (Bloomberg) – Oil tycoon Tim Dunn has spent millions to try to influence Texas to lean toward his conservative politics. Now, as he considers bids for his drilling company that’s said to be valued at more than $10 billion amid a merger-mania in the shale patch, Dunn is poised for a windfall […]

Auto Dealers Warn Biden about EV Mandates

Energy News Beat IER . Commentary Contact The Expert Key Takeaways 1 Auto dealers nationwide are asking President Biden for relief from onerous mileage regulations that are destroying their businesses. 2 The president is forcing auto makers to produce electric vehicles that are piling up at the dealerships, draining capital and driving up the cost […]

EU country stocking up on Russian gas – media

Energy News Beat Spain stepped up purchases of Russian natural gas in 2023, with imports expected to hit a historic high by year’s end, news outlet El Mundo reported on Friday, citing data from the country’s gas network operator Enagas. According to the report, Spain has so far purchased the equivalent of 60,770 gigawatt of […]