California, May 23, 2025 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, has decided to suspend operations at McCool Ranch and will terminate its efforts to acquire a working interest in the project. We have made this determination, because, under previously negotiated terms, natural gas prices and water disposal costs, particularly in California, where McCool Ranch is located, makes it cost prohibitive for the Company to emplo ...

NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointed ...

Core Viewpoint - SM Energy Company is actively engaging with investors through a series of upcoming conferences, showcasing its commitment to transparency and investor relations [1][4]. Company Overview - SM Energy Company is an independent energy firm focused on the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGLs) primarily in Texas and Utah [3]. Upcoming Investor Conferences - June 2, 2025: President and CEO Herb Vogel will meet with investors in a virtual one-on-one setting, which will not be webcast [4]. - June 3, 2025: CFO Wade Pursell will host a breakout session at 9:20 a.m. Mountain time and will also engage in one-on-one meetings with investors. An investor presentation will be posted on the company's website [4]. - June 4, 2025: CFO Wade Pursell will host a breakout session at 8:40 a.m. Mountain time, with one-on-one meetings and a webcast available for replay [4]. - June 24, 2025: CEO Herb Vogel will present at 12:55 p.m. Mountain time, with one-on-one meetings and a webcast available for replay [4].

Click here if you suffered losses: https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Civitas is an oil and gas exploration and production company with its key assets located in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico. The complaint alleges that Civitas stated that both basins had "enhanced recovery potential" and that it had "driven production ahead of plans," while touting "enhanced margins through reduced operating costs" and insisting that "co ...

Core Viewpoint - The successful handover of operations and maintenance of the FPSO BW Adolo from BW Offshore to BW Energy Gabon marks a strategic transition aimed at optimizing field performance and enhancing operational efficiency in Gabon [1][3]. Group 1: Handover Details - Effective from May 20, 2025, BW Offshore has transferred the O&M of the FPSO BW Adolo to BW Energy Gabon, a subsidiary of BW Energy [1]. - Under an amended bareboat charter, BW Offshore retains ownership of the FPSO and will lease it to BW Energy Gabon without O&M services, with a mutual put-and-call option on the FPSO for USD 100 million, exercisable in 2028 [2]. Group 2: Strategic Implications - The transition is seen as a natural step for BW Energy Gabon, allowing the company to optimize field performance and capture additional synergies across the Dussafu hub [3]. - Both companies express gratitude to personnel for maintaining BW Adolo safely and efficiently over the past seven years, indicating a commitment to strong operational performance under BW Energy's leadership [4]. Group 3: Company Overview - BW Energy is a growth E&P company focusing on proven offshore oil and gas reservoirs through low-risk phased developments, with significant interests in various fields and licenses [5]. - The company holds a 73.5% interest in the producing Dussafu Marine license offshore Gabon, along with interests in fields in Brazil and Namibia, totaling net 2P+2C reserves and resources of 599 million barrels of oil equivalent at the start of 2025 [5].

Core Viewpoint - Trio Petroleum Corp has entered into a Letter of Intent to acquire 2000 acres at P.R. Spring, Unita Basin, Utah, which is estimated to contain 6.75 billion barrels of oil in place (OOIP) [1][6] Acquisition Details - Trio has made a non-refundable payment of $150,000 to Heavy Sweet Oil LLC for the option to acquire the land [7] - Upon closing the transaction, Trio is expected to issue 1,492,272 restricted shares and pay $850,000 in cash for the acquisition and development of the project [8] - Trio will provide 100% of the required capital expenditures for the project and will share net profits equally with HSO [9] Project Economics - The project is projected to support up to 1000 wells, with an estimated ultimate recovery (EUR) of 300,000 barrels of oil per well and a stable production rate exceeding 40 barrels per day [2] - Once fully developed, the project could yield upwards of 50,000 barrels per day over an approximate 20-year life [2] Product Composition and Market Potential - The initial product will be commercial grade asphalt, accounting for 90% of production, with the remaining 10% being a diesel range product [3] - Both products are expected to have a low carbon footprint and could sell at a premium to West Texas Intermediate (WTI) prices [3][4] Industry Context - The P.R. Spring Project is noted to be one of the largest tar-sand deposits in North America outside of Canada, characterized by low wax and negligible sulfur content, making it highly desirable for various industries [6]

Market Overview - Volatile markets are prompting investors to seek stability through dividend stocks, which offer both upside potential and solid income [1] - Recent U.S.-China tariff agreement provides some relief, but concerns about steep duties under the Trump administration persist [1] Chord Energy (CHRD) - Chord Energy is highlighted as a top dividend pick, reporting solid Q1 2025 results due to better-than-expected well performance and strong cost control [3][4] - The company returned 100% of its adjusted free cash flow to shareholders through share repurchases and declared a base dividend of $1.30 per share, resulting in a 6.8% dividend yield [4] - Analyst Gabriele Sorbara from Siebert Williams Shank maintains a buy rating and raises the price target to $125, citing attractive assets and strong free cash flow [5][8] - Chord Energy reduced its 2025 capital expenditure outlook by $30 million while maintaining production guidance, supported by operational efficiencies [6][7] Chevron (CVX) - Chevron reported Q1 results reflecting lower oil prices, with a slowdown in stock buybacks expected in Q2 2025 due to tariff issues and OPEC+ supply increases [9][12] - The company returned $6.9 billion to shareholders in Q1 through share repurchases of $3.9 billion and dividends of $3.0 billion, offering a 4.8% dividend yield [11] - Analyst Neil Mehta from Goldman Sachs trimmed the price target to $174 but reaffirmed a buy rating, highlighting strong free cash flow generation from major projects [12][13] EOG Resources (EOG) - EOG Resources reported strong Q1 2025 earnings, returning $1.3 billion to shareholders, including $538 million in dividends and $788 million in share repurchases [15][16] - The company declared a dividend of $0.975 per share, resulting in a 3.4% dividend yield, and plans to continue returning at least 100% of free cash flow to shareholders [16][19] - Analyst Scott Hanold from RBC Capital reaffirmed a buy rating with a price target of $145, noting a 3% reduction in capital budget and a 0.6% decrease in organic oil production [17][20]

NEW YORK, May 17, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointed ...

CALGARY, Alberta, May 16, 2025 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (the "Corporation" or "Valeura"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is pleased to provide the voting results from its annual general meeting of shareholders held on May 14, 2025. Shareholders voted on and approved the following proposals: (1) the appointment of Deloitte & Touche LLP (Singapore) as the auditors of the Corporation; and (2) the electi ...

If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company's senior executives for potential violations of the federal securities laws. Investors have until July 1, 2025, to ask the Court to be appointed ...