US Geothermal Sector Gears Up for Commercial Liftoff

Experts from the U.S. Department of Energy discuss geothermal energy’s potential following the release of the liftoff report.

Pemex to Remain Fiscally Challenged for Mexico’s Next President

S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.

EnQuest Selling Stake in North Sea Golden Eagle Oilfield, Sources Say

EnQuest has struggled in recent years with high debt levels and a drop in profits after Britain imposed a 35% windfall tax on North Sea producers.

Mexico Pacific Appoints New CEO Bairstow

Sarah Bairstow joined Mexico Pacific Ltd. in 2019 and is assuming the CEO role following Ivan Van der Walt’s resignation.

Global Partners Declares Cash Distribution for Series B Preferred Units

Global Partners LP announced a quarterly cash dividend on its 9.5% fixed-rate Series B preferred units

Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d

Exxon Mobil, which took a final investment decision on its Whiptail development on April 12, now estimates its six offshore Guyana projects will average gross production of 1.3 MMbbl/d by 2027.

W&T Offshore Adds John D. Buchanan to Board

W&T Offshore’s appointment of John D. Buchanan brings the number of company directors to six.

Targa Resources Ups Quarterly Dividend by 50% YoY

Targa Resource’s board of directors increased the first-quarter 2024 dividend by 50% compared to the same quarter a year ago.

73-year Wildcatter Herbert Hunt, 95, Passes Away

Industry leader Herbert Hunt was instrumental in dual-lateral development, opening the North Sea to oil and gas development and discovering Libya’s Sarir Field.

Riley Permian Announces Quarterly Dividend

Riley Exploration Permian’s dividend is payable May 9 to stockholders of record by April 25.