The Latest

SLB’s Big Boost from Digital, Offsetting Flat Trends in Oil, E&P

SLB’s digital revenue grew 20% in 2024 as customers continue to adopt the company's digital products, artificial intelligence and cloud computing.

Dividends Declared Week of Jan. 13

With 2024 year-end earnings season underway, here is a compilation of dividends declared from select upstream, midstream and downstream companies.

EON Resources Postpones Annual Meeting to December

EON Resources is putting off its annual stockholders meeting in anticipation of not having a sufficient number of shares of its common stock represented by the original deadline.

Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss

Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.

California Resources’ Carbon TerraVault Sees CCS Momentum

California Resources expects to receive a Class VI permit from the U.S. Environmental Protection Agency in December, the company’s CEO says.

Record NGL Volumes Earn Targa $1.07B in Profits in 3Q

Targa Resources reported record NGL transportation and fractionation volumes in the Permian Basin, where associated natural gas production continues to rise.

Wind Energy Developer Ørsted Sees Profit Rise, US Challenges Remain

Danish wind company Ørsted reported a 4% increase in earnings and fewer impairments compared to a year ago but faced challenges with U.S. wind.

SM, Crescent Testing New Benches in Oily, Stacked Uinta Basin

The operators are landing laterals in zones in the estimated 17 stacked benches in addition to the traditional Uteland Butte.

Fewer Rigs, Bigger Payoff: US Oil Production Continues to Climb Even as Rig Count Drops

Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing companies to achieve more with fewer resources.

Enbridge Among Growing List of Earnings Boosted by Acquisitions

Enbridge’s utilities acquisitions and gas transport growth helped to drive earnings in the third quarter.