Oslo, 4 September 2025 Interoil Exploration and Production ASA ("Interoil") informs that Petrominera S.E. (“Petrominera”), an instrumentality of the Province of Chubut, Argentina, has decided to terminate the joint venture agreement entered into between Petrominera, Interoil and Selva Maria Oil S.A. (“SMO”, and together with Interoil, the “Private Companies”). Such contract regulates the relationship between such parties, as members of the joint venture, in connection with the exploration and exploitation o ...

Key Takeaways ConocoPhillips faces oil and gas price volatility but holds a stronger balance sheet than peers.Low-cost operations in Permian, Eagle Ford and Bakken plus Marathon Oil boost COP's resilience.COP shares fell 10% in a year, with EV/EBITDA at 5.33X versus the industry average of 10.98X.ConocoPhillips (COP) is an exploration and production giant. Hence, by the very nature of its operations, and like any other upstream player, its overall business is vulnerable to the extreme volatility in oil and ...

President Frank Ingriselli Will Present on IEC’s Development, Drilling and Exploration Activities and Plans JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, will be presenting at the H.C. Wainwright 27th Annual Global Investment Conference on Tuesday, September 9, 2025 at 12:00PM EST. The in-person venue f ...

Over the past year, PrimeEnergy Resources Corporation (PNRG) stock has gained 14.9%, significantly outpacing the industry’s 13.9% decline. The company outperformed other upstream energy players, including Matador Resources (MTDR) and APA Corporation (APA) , which posted declines of 1.6% and 13.9%, respectively, during the same period. Image Source: Zacks Investment Research In the oilfields of Texas and Oklahoma, PrimeEnergy has been navigating a year of shifting fortunes. Once buoyed by strong oil markets, ...

Core Points - Marksmen Energy Inc. has terminated its letter of intent with T1 Technology Corporation due to the inability to finalize a definitive agreement by the deadline [1] - The company is actively involved in exploration and production in the Appalachian Basin, USA [1] Drilling Activities - In Ohio, a joint interest partner is drilling a well at 100% of their cost, nearing total depth, which is on a property targeted by Marksmen's 3D seismic [2] - Marksmen will earn a 6% gross overriding royalty after payout from this well [2] - Another joint venture partner has acquired a portion of Marksmen's lease and will also drill a well at 100% of their cost, granting Marksmen a 5% gross overriding royalty after payout [2] - The company is reviewing drilling opportunities from its 3D seismic data, including targets in the Trenton Black River Formation [2] Acquisition Plans - Marksmen's team is assessing new oil and gas projects in the Appalachian Basin for possible acquisition [3] - The company is working with the TSX Venture Exchange to resume trading of its common shares [3]

NEW YORK, Sept. 2, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Sable Offshore Corp. ("Sable Offshore Corp." or the "Company") (NYSE: SOC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Sable Offshore Corp. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Sable Offshore securities between May 19, 2025 and June 3, 2 ...

Key Takeaways Shell signs a $120M deal with EGAS to drill three Mediterranean wells, boosting exploration.Egypt secures $340M in agreements with global firms to strengthen oil and gas output.Declining domestic production drives Egypt to expand partnerships and secure an energy supply.Shell plc (SHEL) , along with some other companies, has entered into agreements with Egypt in order to strengthen the nation’s energy sector through international partnerships. Egypt entered into deals with various companies, v ...

Oslo, 29 August 2025 Highlights in the period Interoil’s Total operated production for the three-month period ending 30 June 2025 amounted to 63,467 barrels of oil equivalent (boe), representing a decline from 100,364 boe recorded in the same period of 2024. Operations in Argentina were negatively affected by winter conditions that damaged surface oil lines, while failures in power generation and compression equipment further compounded the impact. As a result, lower production combined with lower oil pri ...

Ovintiv Inc. (NYSE: OVV ) has been largely trading sideways for the last 3 years as a relatively small company in the oil and gas exploration and production industry. Ranking 22 nd in terms ofI am currently a Level 1 CFA and continuing the pursuit of the CFA designation. I have worked within wealth management for over 3 years, with a Bachelors in Finance. However, my investing journey goes back to about 17 years old when I was infatuated with the idea of dividend investing. Since then, I have expanded my in ...

Core Insights - The surge in global electricity usage, particularly from data centers, has driven strong demand for oil and gas, benefiting companies like Crescent Energy (CRGY) and SM Energy (SM) [1][9] - Both CRGY and SM are prominent upstream oil and gas exploration and production companies, with operations in the Uinta basin of Utah and other regions, focusing on strategic acquisitions and optimized drilling technologies [2][3] Financial Performance - Crescent Energy closed June 2025 with $7 million in cash and long-term debt of $3.38 billion, while SM Energy reported $102 million in cash and long-term debt of $2.71 billion [5] - SM Energy experienced a 40.1% year-over-year increase in operating cash flow in the first half of 2025, while Crescent recorded a stronger 77.6% surge [6] - SM's production rose 32% year-over-year in Q2 2025, leading to a 25% revenue growth, while Crescent reported a 59.4% increase in daily sales volumes, resulting in a 37.5% revenue increase to $898 million [8] Growth Strategies - Strategic acquisitions are crucial for both companies, with SM Energy's $2 billion Uinta Basin acquisitions and Crescent's $3.1 billion acquisition of Vital Energy expected to enhance production and revenue [7][9] - The natural gas market's growth outlook remains a strong tailwind for both companies, with the U.S. Energy Information Administration projecting an increase in natural gas spot prices in late 2025 and throughout 2026 [10] Valuation and Efficiency - SM Energy is trading at a forward earnings multiple of 5.25, which is lower than Crescent Energy's 6.66, indicating a more attractive valuation for SM [20] - A comparative analysis shows that SM Energy has a better Return on Equity (ROE) than Crescent Energy, suggesting greater efficiency in generating profits from its equity base [21] Investment Considerations - Both companies have high long-term debt burdens, which could pose risks despite their growth prospects [23] - Crescent's aggressive acquisition strategy offers scalability and revenue upside, while SM Energy's stronger valuation metrics and liquidity make it a more compelling choice for risk-conscious investors [24]