Category: Energy News Beat

Magnolia Oil & Gas Corporation Announces First Quarter 2024 Results

Energy News Beat HOUSTON, May 07 /BusinessWire/ — Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE:MGY) today announced its financial and operational results for the first quarter of 2024. First Quarter 2024 Highlights: (In millions, except per share data) For the Quarter Ended March 31, 2024 For the Quarter Ended March […]

European Oil Giants Consider Shifting Their Listings to the U.S.

Energy News Beat Two European energy giants, TotalEnergies of France and Shell of Britain, are considering moving their stock listings to New York, as pressure mounts for them to improve their valuations, which lag their American counterparts. Shifting their listings to the United States would be a blow to European exchanges, where they are among […]

Permian Resources Announces Strong First Quarter 2024 Results and Increases Full Year Guidance

Energy News Beat MIDLAND, Texas, May 07 /BusinessWire/ — Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE:PR) today announced its first quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Delivered Permian Resources’ best quarter to-date: Production outperformance due to accelerated Earthstone efficiencies and continued strong well results […]

SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2024 AND DECLARES $0.11 PER SHARE CASH DIVIDEND

Energy News Beat OKLAHOMA CITY, Okla., May 7, 2024 /PRNewswire/ — SandRidge Energy, Inc. (the “Company” or “SandRidge”) (NYSE: SD) today announced financial and operational results for the three-month period ended March 31, 2024. Recent Highlights On May 2, 2024, the Board of Directors declared a $0.11 per share cash dividend payable on May 31, 2024 to shareholders of record on May 17, 2024. […]

California Resources Reports First Quarter 2024 Financial and Operating Results

Energy News Beat LONG BEACH, Calif., May 07 /BusinessWire/ — California Resources Corporation (NYSE:CRC) today reported financial and operating results for the first quarter 2024. The Company plans to host a conference call and webcast on Wednesday, May 8th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). Participation details can be found within this release. […]

Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus

Energy News Beat HOUSTON, May 7, 2024 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) today reported financial and operating results for the first quarter 2024. 1Q24 Operational and Financial Highlights: Oil volumes of 99.0 MBopd exceeded the high-end of guidance; Lease Operating Expense of $10.39/BOE was below the low-end of guidance; Total volumes of […]

Oil settles lower on signs of easing supply tightness

Energy News Beat NEW YORK, May 7 (Reuters) – Oil prices closed slightly lower on Tuesday on signs of easing supply concerns, while market participants shifted their focus to U.S. stockpiles data due later today and Wednesday. Brent crude futures settled 17 cents lower at $83.16 a barrel, and U.S. West Texas Intermediate crude futures […]

The fiddling with temperature data is the biggest science scandal ever

Energy News Beat When future generations look back on the global-warming scare of the past 30 years, nothing will shock them more than the extent to which the official temperature records – on which the entire panic ultimately rested – were systematically “adjusted” to show the Earth as having warmed much more than the actual […]

EU proposes first sanctions on Russia’s LNG sector

Energy News Beat BRUSSELS — For the first time, the European Commission has proposed sanctions on Russia’s powerful liquefied natural gas industry, according to documents seen by POLITICO. The measures wouldn’t directly bar Russian LNG imports to the EU. Instead, they would prevent EU countries from re-exporting Russian LNG after receiving it — confirming POLITICO’s previous […]

Europe’s looming power grid roadblock: Transformers

Energy News Beat A shortage of transformers is putting Europe’s grid build-out at risk, stretching project lead times and adding to a price surge that will be felt on consumers’ bills, researchers and experts have warned. The EU is in the midst of a massive build-out of its electricity grid network, estimated to cost €584 billion between […]