The Latest

Ranger Oil Announces Quarterly Cash Dividend

Dividend will be payable on May 30 to shareholders on record as of May 22.

Will ConocoPhillips Play Spoiler to Suncor’s $4B TotalEnergies Deal?

ConocoPhillips is “carefully” reviewing its first refusal rights in Surmont right of refusal to buy out partner TotalEnergies’ Surmont project as Suncor looks to buy TotalEnergies EP Canada for $4 billion.

Eni Advances Plan to Find 700 MMboe in 2023

Italy-based Eni SpA booked 200 MMboe in resources in the first quarter of 2023, inching towards its goal of finding 700 MMboe in 2023.

Vitesse Declares Second Quarterly Cash Dividend

Vitesse Energy declared a second quarterly cash dividend of $0.50 per share.

Occidental Announces Regular Quarterly Dividend

The $0.18 dividend will be payable to stockholders on July 14.

Midstream, Investors Dive into the Business of CCS Tax Credits

Midstream companies are attempting to wrap new CCS business models around their existing organizations to take advantage of lucrative tax incentives created by the Inflation Reduction Act.

Magellan Reports Higher Revenues to Transport Crude, Fuel in Q1

Magellan Midstream Partners also reported net income of $274 million for the first quarter 2023, compared to $166 million for the first quarter 2022.

Canadian Natural Misses First-quarter Profit Estimates

Canadian Natural oil production rose to 1.32 million barrels of oil equivalent per day, but its liquid price fell to $76.11 per barrel.

GeoPark Announces $0.13 Per Share Quarterly Cash Dividend

GeoPark's quarterly cash dividend will amount to $0.13 per share, ultimately adding up to $7.5 million in the aggregate.

Liberty Plans to Move Crews from Gas to Oil Basins

Service company Liberty Energy reported a solid quarter, but weakness in the gas market will likely result in frac crews migrating to oil basins later in the year.