The California Energy Commission delayed implementing a profit cap on refiners, the latest move by the state in softening its stance toward the oil and gas industry https://t.co/aPXyzK1KdB ...

Key Takeaways Occidental Petroleum benefits from Permian Basin strength and disciplined strategies.FANG shows lower debt use, while OXY leads in ROE, valuation, and capital spending plans.OXY's stock gained 16.4% in three months, topping FANG's 10.9% and the sector's 8.8%.The companies operating in the Zacks Oil-Energy sector present a strong long-term investment case, supported by vast shale reserves, advanced extraction methods, and resilient global energy demand. Breakthroughs such as hydraulic fracturin ...

Tórshavn, Faroe Islands, 2025-08-29 (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK) today posts its 2nd quarter results for 2025. This announcement should be read in conjunction with Atlantic Petroleum’s Condensed Consolidated Interim Report, which is released separately and posted on the Company’s website. Highlights for Q2 2025: G&A cost was DKK 0.4MMOperating loss was DKK 3.2MMNet loss was DKK 2.5MMNet assets/share-holders equity was DKK -115.0MMBank debt was DKK 59.4MM Mark T. H ...

SAN FRANCISCO, Aug. 29, 2025 (GLOBE NEWSWIRE) -- A newly filed class-action lawsuit targets Sable Offshore Corp. (NYSE: SOC) and its executives, alleging the company misrepresented its oil production status to investors. The litigation, filed in federal court in California, claims the company used a misleading press release to artificially inflate its stock price just before a secondary public offering (SPO). Hagens Berman urges Sable investors who suffered substantial losses to submit your losses now. Clas ...

Core Insights - Shell plc's affiliate, Shell Nigeria Exploration and Production Company (SNEPCo), has awarded a significant contract to Nortrans and Temile Development Company for the Bonga deepwater project, utilizing the TEMIS 500-pax DP3 Maintenance and Safety Unit flotel for offshore accommodation and support services during maintenance activities [1][9] Group 1: Project Details - The Temis Flotel will be deployed in Nigeria following SNEPCo's acquisition of TotalEnergies' 12.5% interest in the OLM118 production sharing contract, with the Bonga field located approximately 120 kilometers south of the Niger Delta [2] - The Bonga North project includes the drilling and completion of about 16 wells, with eight designated as production wells and the remainder for water injection, alongside enhancements to the existing FPSO and installation of new subsea hardware [6][9] Group 2: Strategic Partnerships - This collaboration underscores Shell's long-standing partnership with Temile Development Company, enhancing local capacity and expertise while ensuring safe and efficient offshore operations [3] - The deployment of the Temis Flotel is part of Shell's commitment to maintaining energy security and upholding high safety standards in its operations [4] Group 3: Operational Capacity - The original Bonga Floating Production Storage and Offloading (FPSO) has been operational since 2005, with a production capacity of approximately 225,000 barrels of oil per day, indicating the project's significance in Shell's upstream portfolio [5] - The Bonga project is positioned to deliver benchmark performances, leveraging technical expertise and strong partnerships [5]

Core Viewpoint - Strathcona Resources Ltd. plans to acquire an additional 5% of MEG Energy Corp.'s outstanding common shares, increasing its ownership to approximately 14.2% [1][2]. Group 1: Acquisition Details - Strathcona currently holds 23.4 million MEG Shares, which is about 9.2% of the total issued and outstanding shares [2]. - The acquisition of additional MEG Shares will be conducted in accordance with applicable securities laws and will occur as soon as practicable [4]. - The purchase price for the MEG Shares will differ from the value ascribed in Strathcona's offer, which is 0.62 of a common share of Strathcona and $4.10 in cash per MEG Share [4]. Group 2: Voting Intentions - Strathcona intends to vote against the resolution for MEG's acquisition by Cenovus Energy Inc. at the upcoming special meeting of MEG shareholders scheduled for October 9, 2025 [3]. Group 3: Company Background - Strathcona is recognized as one of North America's fastest-growing pure play heavy oil producers, focusing on thermal oil and enhanced oil recovery [6].

Core Insights - OMS Energy Technologies Inc. successfully completed its initial public offering (IPO) on May 13, 2025, and celebrated by ringing the Nasdaq Opening Bell, marking a significant milestone in its 50-year history in the energy sector [1][2]. Company Overview - OMS is a growth-oriented manufacturer specializing in surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry, serving both onshore and offshore operators [6]. - The company operates 11 strategically located manufacturing facilities across the Asia Pacific, Middle Eastern, and North African regions, ensuring rapid response times and customized solutions [6]. Financial Performance - For the fiscal year ending March 31, 2025, OMS reported total revenues of US$203.6 million, indicating strong financial performance [4]. - The company has secured a 10-year supply agreement with Saudi Aramco, projected to generate annual revenues between US$120 million and US$200 million [4]. Strategic Initiatives - OMS is focusing on strategic expansion initiatives and increasing investments in innovative research and development (R&D) to enhance its operational capabilities [2]. - The company has recently secured new orders, including a contract for surface wellhead systems in Angola and a renewed three-year agreement with PTTEP in Thailand, which deepens its presence in Southeast Asia [4]. Innovation and Technology - OMS is advancing its innovation pipeline, having completed Phase 1 of its proof of concept for high-pressure, high-temperature (HPHT) gate valves utilizing Additive Manufacturing technology [4].

Core Viewpoint - VAALCO Energy is an oil and gas company aiming to more than double its production by 2027 through a strong organic growth pipeline and value-accretive projects [1] Company Summary - VAALCO Energy is focused on developing its projects in the oil and gas sector [1] - The company has a target to increase production significantly by 2027, indicating a robust growth strategy [1] Industry Context - The oil and gas industry is experiencing a shift towards companies that can demonstrate strong organic growth and value creation [1]

Key Takeaways ExxonMobil gained 7.7% YTD, while D-Wave surged 81.3%, highlighting sharp performance contrasts.D-Wave supports industries from aerospace to oil with quantum solutions for real-world optimization.ExxonMobil partners with IBM to use quantum computing for cleaner fuels and improved efficiency.Quantum computing is an emerging technology with the potential to solve highly complex problems in minutes. It may not be long before this technology reshapes traditional industries such as energy. In this ...

Hunting plans to cut a third of its European jobs as the supplier to oil and gas industries shifts focus to the Middle East amid expectations of weaker North Sea drilling https://t.co/25A613NSoT ...