(Citgo, 9.May.2024) â Citgo Petroleum Corporation reported its 2024 first quarter financial and operational results. Historically favorable refining margins and strong asset reliability led to first quarter net income of $410mn, EBITDA of $709mn and Adjusted EBITDA of $677mn, compared with net income of $937mn and EBITDA of approximately $1.4bn(2) for the first quarter of 2023. (1) EBITDA […]
Day: May 9, 2024
GeoPark Signs New Offtake Agreement with Vitol for the Llanos 34 Block in Colombia
(GeoPark, 9.May.2024) â GeoPark Limited (NYSE: GPRK) announces the execution of an offtake and prepayment agreement with Vitol, one of the worldâs leading energy and commodity companies. The offtake agreement provides for GeoPark to sell and deliver to Vitol a minimum of 20,000 bopd of production from the Llanos 34 […]
Petro-Victory Reserves and Resources as of 31 Dec. 2023
(Petro-Victory Energy Corp., 9.May.2024) â Petro-Victory Energy Corp. (TSXV: VRY) announced the results of its 2023 year-end reserves evaluation by GLJ, Ltd. The company holds 100% working interest in all forty-one (41) blocks. Six (6) of the forty-one (41) blocks have reserves valuation in the report. The company continues to invest […]
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
(The New York Times, 9.May.2024) â Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land. About 80 miles southeast of Louisianaâs coast, 100,000 metric tons of steel floats in […]
Gabon Oil Company to Discuss Investment Opportunities at African Energy (IAE) 2024Â
(Energy Capital & Power, 9.May.2024) â Gabon Oil Company (GOC) will participate as a Platinum Sponsor at the Invest in African Energy 2024 forum, affirming its commitment to maximizing production and attracting new players to Gabonâs upstream space. As Gabonâs national oil company (NOC), GOC is leading efforts to increase […]
PetroTal Announces Q1 2024 Financial and Operating Results
(PetroTal, 9.May.2024) â PetroTal Corp. (TSX: TAL, AIM: PTAL and OTCQX: PTALF) reported its operating and financial results for the three months ended 31 Mar. 2024 (âQ1â). All amounts herein are in United States dollars unless otherwise stated. Selected Q1 2024 Highlights — Average Q1 2024 sales and production of […]
CGG Launches AI Cloud Solution Powered by NVIDIA
(CGG, 9.May.2024) â CGG announced the launch of its AI Cloud solution, designed to meet the needs of data-intensive industries, including life sciences, digital media, manufacturing and geoscience, that seek to optimize and accelerate their demanding and resource-heavy AI workloads. CGGâs new AI Cloud solution combines the latest high-performance architecture, […]
Dragonfly Energy Announces Breakthrough in Lithium Battery Production
(Dragonfly Energy, 9.May.2024) â Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has made a significant breakthrough in battery manufacturing with the successful production of PFAS-free electrodes in lithium battery cells. As concerns mount over PFAS (per- and polyfluoroalkyl substances), also known as ‘forever chemicals,’ Europe is poised to enact restrictions on its […]
OTC Discusses the Future of the Global Energy Evolution
(OTC, 9.May.2024) â The 55th annual Offshore Technology Conference (OTC) concluded today at NRG Park, uniting the worldâs elite energy experts and professionals, to discuss the future of offshore energy. OTC 2024 showcased breakthrough innovations in the industry, and a multi-disciplinary technical program exploring the technologies needed to address the […]
NextDecade Provides 1Q:24 Business Update
(NextDecade, 9.May.2024) â NextDecade Corporation (NASDAQ: NEXT) provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024. CEO Commentary âConstruction of Phase 1 at the Rio Grande LNG Facility continues to progress according to plan, as we work alongside Bechtel to construct […]