About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Key Takeaways BP selects OneSubsea to deliver a subsea boosting system for the Tiber deepwater development.The EPC award follows a similar OneSubsea contract for BP's Kaskida project in the Gulf of America.Both projects will use the same supplier's high-pressure pump system to target complex Paleogene reserves.BP plc (BP) , the British oil and gas major, has awarded a contract to the OneSubsea joint venture to provide a subsea boosting system for the greenfield development in the Tiber project. The Tiber pr ...

This aerial picture shows the oil tanker Boracay anchored off the Atlantic Coast off Saint-Nazaire, western France on October 1st, 2025. French authorities said Wednesday they were investigating the oil tanker Boracay anchored off the Atlantic Coast and suspected of being part of Russia's clandestine "shadow fleet".Oil prices extended declines and energy stocks fell sharply on Friday morning as U.S. President Donald Trump pushed for a peace deal to end the long-running Russia-Ukraine war. International benc ...

Core Viewpoint - Tullow Oil is in discussions with bondholders, commodity traders, and private funding sources to refinance its capital and has projected 2025 production at the lower end of its forecast range of 40,000 to 45,000 barrels of oil equivalent per day (boepd) [1] Group 1 - Tullow Oil is focused on West Africa [1] - The company is seeking to refinance its capital through various sources [1] - The forecast for 2025 production is set at 40,000 to 45,000 boepd, with expectations leaning towards the lower end of this range [1]

Core Viewpoint - Easing geopolitical tensions between Russia and Ukraine are impacting prices, with potential peace deals having broader implications for the crude market [1] Group 1 - The reduction in geopolitical tensions is leading to a decrease in prices [1] - A potential peace deal could significantly influence the crude oil market dynamics [1]

Tuktu Resources Ltd. Announces Third Quarter 2025 Results and Operations UpdateNovember 20, 2025 6:21 PM EST | Source: Tuktu Resources Ltd.Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025, as well as an operations update. Selected financial and operating information should be read in conjunction with Tuktu's unaudi ...

Oil drilling rigs and support equipment stand on the tundra in Deadhorse, Alaska, on Friday, Sept. 5, 2025.The Trump administration unveiled plans Thursday for a huge oil drilling expansion off the coasts of Alaska, California and in the Gulf of Mexico. The Department of Interior proposed 34 lease sales to drill in those waters through 2031, a big expansion compared to the Biden administration program that allowed just three lease sales and only in the Gulf. The Trump program would include lease sales in 21 ...

Acacia Research FY Conference Summary Company Overview - **Company Name**: Acacia Research (Ticker: ACTG) - **Market Cap**: $313 million - **Book Value**: Approximately $577 million - **Common Shares Outstanding**: 96 million - **Business Model**: Focuses on acquiring under-managed and under-loved businesses, particularly in the B and C quartile asset categories [3][4] Core Business Strategy - **Investment Focus**: Acacia Research aims to buy businesses at a price that provides a significant margin of safety, allowing for potential operational improvements and value creation [4][5] - **Operational Improvements**: The company emphasizes operational enhancements post-acquisition, aiming to generate free cash flow and earnings growth [4][10] - **Acquisition Strategy**: The company has shifted from being a patent troll to a value investor, focusing on small-cap and micro-cap companies [5][21] Recent Acquisitions - **Benchmark Energy**: Acquired a 51% stake in 2023, followed by a larger acquisition in 2024. The acquisition was made during a period when oil and gas prices were low, allowing for a favorable purchase price [6][7] - **Deflecto**: Acquired over a year ago at approximately 5.5 times mid-cycle EBITDA. The business has faced tariff-related demand issues but is expected to perform well post-cycle [10][11] - **Printroducts**: Undergoing a turnaround with operational improvements [14] Financial Performance - **EBITDA Growth**: The company has seen EBITDA growth that exceeds parent costs, indicating operational efficiency [17] - **Cash Returns**: Benchmark is generating high teens cash returns, while Deflecto and Printroducts are also yielding significant cash returns [15][24] - **Cash Management**: The company has maintained a stable cash position, starting with $350 million and ending with approximately $330 million after acquisitions and buybacks [13][14] Market Position and Competitive Advantage - **Talent Acquisition**: Acacia Research leverages a network of operating partners to enhance operational performance in acquired businesses, which individual businesses may struggle to attract [26][27] - **Focus on Microcap Opportunities**: The company identifies value traps in small and micro-cap companies that larger funds may overlook [22][23] Risk Management and Future Outlook - **Leverage Strategy**: The company maintains a conservative approach to leverage, focusing on unlevered and levered cash flow returns [24] - **Long-term Vision**: Acacia Research aims for a turnaround period of 12 to 18 months for its acquisitions to show significant results [20] - **Market Engagement**: The company plans to increase its visibility in the investment community as it continues to demonstrate operational improvements and financial performance [20] Additional Insights - **Partnership with Unchain**: Engaged in a partnership to underwrite commercial loans secured by Bitcoin, providing a cash management option with attractive returns [12][13] - **Cost Structure Management**: The company has rationalized its corporate cost structure to enhance profitability [17] This summary encapsulates the key points from the Acacia Research FY Conference, highlighting the company's strategic focus, recent acquisitions, financial performance, and future outlook.

Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Axiom Oil and Gas Inc. ("Axiom" or the "Company") is pleased to report that as a result of its recent successful drilling program of its highest cash netback property, Black Creek, the Company has initiated a sales process with Sayers Energy Advisors for several non-core properties with bid deadline November 27, 2025, including: Brazeau, Esther, Hamilton Lake/Consort, Killam/Iron Creek, Marten Creek and Mundare areas of Alberta. The properties also i ...

The Trump administration is proposing to open new areas off the West Coast and in the Arctic to crude drilling as part of a draft blueprint released Thursday that would dramatically expand the sale of offshore oil and natural gas rights https://t.co/sNENtwxOJf ...