CALGARY, Alberta, June 20, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that, for personal reasons, Peter Dey will be stepping down from the Board of Gran Tierra at the end of June 2025. Peter has agreed to make himself available to consult with the Board as required until the end of 2025 while a search is conducted for a replacement director. “On behalf of the Board of Directors of Gran Tierra, I want to thank Peter ...

Company Overview - Houston American Energy Corp. is an independent oil and gas company engaged in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate [7] - The company's principal properties are located primarily in the Texas Permian Basin, Colombia, and the onshore Louisiana Gulf Coast region [7] Offering Details - Houston American Energy Corp. has completed a registered direct offering, selling 223,762 shares of common stock at a purchase price of $10.60 per share, resulting in gross proceeds of approximately $2.37 million [2][3] - The net proceeds from the offering, estimated at approximately $2.1 million, are intended for general corporate purposes [3] Placement Agent - Univest Securities, LLC acted as the sole placement agent for the offering [3]

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...

Group 1 - WTI July crude oil futures fell by $0.21 compared to the closing price on June 18, representing a decline of nearly 0.28%, closing at $74.93 per barrel [1] - This week, WTI crude oil has seen a cumulative increase of 2.67% [1] Group 2 - NYMEX July natural gas futures closed at $3.8470 per million British thermal units [1] - NYMEX July gasoline futures closed at $2.3295 per gallon [1] - NYMEX July heating oil futures closed at $2.5418 per gallon [1]

Core Viewpoint - Energy Transfer LP (ET) is positioned to benefit from increasing global demand for U.S. natural gas liquids (NGL) through strategic expansion of its export infrastructure, particularly at key terminals like Nederland and Marcus Hook [1][9]. Group 1: Export Capacity and Market Position - Energy Transfer has significant export capacity, capable of shipping over 1.1 million barrels per day of NGLs and 1.9 million barrels per day of crude oil, with nearly a 20% share of the global NGL export market [2][9]. - The expansion of NGL export capabilities allows Energy Transfer to capture higher-margin international volumes, which are generally more profitable than domestic sales [3][9]. Group 2: Financial Stability and Growth - The company benefits from long-term, fee-based contracts with global customers, providing stable cash flows amid volatile commodity price cycles [3]. - Energy Transfer's integrated pipeline and storage network enhances supply-chain connectivity, allowing for increased throughput without a proportional rise in fixed costs, thereby improving margins [4]. Group 3: Industry Context and Competitors - Other Master Limited Partnerships (MLPs) like Enterprise Products Partners LP and Plains All American Pipeline LP are also capitalizing on rising NGL demand, with Enterprise aiming to export over 100 million barrels per month by 2027 [6][7]. - The overall demand for NGL is increasing globally, supported by regulatory tailwinds favoring energy exports, positioning Energy Transfer for sustainable cash flow growth and robust returns to unitholders [5]. Group 4: Earnings and Valuation - The Zacks Consensus Estimate indicates an increase in Energy Transfer's earnings per unit for 2025 and 2026 by 2.13% and 4.26%, respectively, over the past 60 days [8]. - Energy Transfer units are currently trading at a discount relative to the industry, with a trailing 12-month EV/EBITDA of 10.24X compared to the industry average of 11.48X, suggesting undervaluation [10]. Group 5: Price Performance - Energy Transfer units have appreciated by 13.8% over the past year, outperforming the Zacks Oil and Gas - Production Pipeline - MLB industry's growth of 9.2% [12].

Key Takeaways COP confirmed the Slagugle discovery in PL 891 with its second appraisal well, 6507/5-12S. The well hit multiple oil columns in an interval of 188 meters with strong flow rates. Slagugle may hold up to 61.6M barrels; further data analysis will determine development plans.ConocoPhillips (COP) , a global exploration and production firm, has confirmed the Slagugle oil discovery in the Norwegian Sea. The company had drilled a second appraisal well, 6507/5-12 S, in production license (PL) 891, op ...

Core Insights - Equinor ASA (EQNR) and joint venture Gwynt Glas have secured rights to develop floating wind farms in the Celtic Sea, marking a significant advancement in the UK's clean energy initiatives [1][2][4] Group 1: Project Details - EQNR and Gwynt Glas will develop 1.5 GW of floating wind capacity each, with a total of 3 GW, under leases from The Crown Estate [2][9] - The annual lease fee is set at $470 per megawatt, approximately £350 per MW, contributing to a broader initiative for up to 4.5 GW of floating wind generation in the Celtic Sea [2][9] - The projects are expected to power over four million homes, showcasing their potential impact on energy supply [2][9] Group 2: Economic Impact - The floating wind farms are anticipated to attract over £1 billion in investment and create thousands of jobs, particularly benefiting local supply chains and port infrastructure [5][9] - The Crown Estate plans to announce a third project to utilize the remaining 1.5 GW of capacity by September 2025, indicating ongoing development in the sector [3][6] Group 3: Strategic Importance - Equinor views this project as a long-term strategic investment, emphasizing the scalability and flexibility of the seabed lease in deeper waters, which is crucial for meeting the UK's net-zero targets [4][6] - The announcement signifies the start of a long-term industrial buildout, with potential for an additional 4-10 GW of floating wind capacity in the Celtic Sea by the end of the decade [6]

Core Insights - Prairie Operating Co. (PROP) is focusing on disciplined cost control and operational efficiencies as a competitive advantage in the DJ Basin [1][3] - The company is self-sourcing critical inputs and utilizing proprietary logistics to minimize costs and project timelines [2][8] - Prairie's strategy allows for scalable growth and margin preservation, providing a buffer against market volatility [3][6] Company Strategy - PROP is implementing a capital-light development program with a focus on short payback wells, allowing for flexibility while expanding production [1][8] - The company has 157 permits and over 586 gross locations in the DJ Basin, positioning itself effectively in a less competitive environment [6][8] - The shift of major players like Chevron and Civitas Resources away from the DJ Basin has created opportunities for Prairie to execute its strategy [4][5] Financial Performance - Shares of Prairie Operating Co. have decreased by 43% year to date [7] - The company trades at a forward price-to-sales ratio of 0.32, significantly below the sector average, indicating potential undervaluation [9] - Recent Zacks Consensus Estimates for 2025 and 2026 EPS have been revised down by 18% and 20%, respectively [11]

Key Takeaways Eni has signed a 50:50 joint venture agreement with PETRONAS to merge upstream assets in Asia. The new entity will hold 3B boe in reserves and aims for 500K boepd output, mainly from natural gas. The venture targets over 50 TCF of low-risk gas and 10B boe in exploration across Indonesia and Malaysia.Italian energy major Eni S.p.A. (E) has signed a major Framework Agreement with Malaysian state energy giant PETRONAS to merge their upstream oil and gas assets in Indonesia and Malaysia, paving ...

NEW YORK, June 20, 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 appointe ...