The U.S. Environmental Protection Agency announced plans on Friday to slash its budget by $300 million in fiscal year 2026, reduce staffing to 1980s levels and dissolve its research and development office as part of a sweeping overhaul of the agency. The reorganization, which will consolidate several key offices, will reflect plans to cut regulatory red tape and promote more energy development, as laid out in President Donald Trump's executive orders, the EPA said. "This reorganization will [Read more]
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Simpson Oil Announces Overwhelming Support for Majority Board Refresh at Parkland AGM
Reports Over 60% of Shares Voted on Simpson Oil’s GOLD Proxy Card Cautions Incumbent Board NOT to Deploy Further Questionable Tactics That Could Delay the Shareholder Meeting or the Integrity of the Vote Calls on Current Board to Begin an Orderly Transition GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Simpson Oil Limited (“Simpson Oil”, “we” or “our”), the largest shareholder of Parkland Corporation (“Parkland” or the “Company”), holding 19.8% of the Company’s outstanding common shares, [Read more]
Shell announces commencement of a share buyback programme
Shell plc Shell announces commencement of a share buyback programme May 2, 2025 Shell plc (the ‘Company’) today announces the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately three months (the ‘programme’). The purpose of the programme is to reduce the issued share capital of the Company. All shares repurchased as part of the programme will be cancelled. It is intended that, subject to market conditions, the programme will [Read more]
Golar entered into 20-year agreements for 5.95mtpa nameplate capacity in Argentina – one of the world’s largest FLNG development projects.
Golar LNG Limited (“GLNG”, “Golar” or “the Company”) is pleased to announce the Final Investment Decision (“FID”) and fulfilment of all conditions precedent for the 20-year re-deployment charter of the FLNG Hilli Episeyo (“FLNG Hilli” or “Hilli”), first announced on July 5, 2024. The vessel will be chartered to Southern Energy S.A. (“SESA”), offshore Argentina. In addition, Golar and SESA have signed definitive agreements for a 20-year charter for the MKII FLNG, currently under conversion at [Read more]
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by three to 584 in the week to May 2. Baker Hughes said this week's decline puts the total rig count down 21 rigs, or 3% below this time last year. Baker Hughes said oil rigs fell by four to 479 this week, while gas rigs rose [Read more]
Chevron meets Wall Street profit estimates but cuts buybacks in Q2
Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil. The company's share repurchases this year could be between $11.5 billion and $13 billion, said Chevron Chief Financial Officer Eimear Bonner, which would be in the lower end of the company's guidance of $10 billion to $20 billion. Shares of Chevron fell 2% in pre-market trading on [Read more]
OPEC+ moves forward its meeting to Saturday, sources say
A meeting of eight OPEC+ countries to decide on their plan for oil production policy in June will now take place on Saturday instead of Monday as originally planned, three sources with knowledge of the matter told Reuters on Friday. It was not immediately clear why the meeting was brought forward. The eight OPEC+ members are weighing whether to make another accelerated oil output increase for June or stick with a smaller hike as per the original schedule, two sources said, speaking on [Read more]
Exxon beats Wall Street profit estimate, boosted by Guyana and Permian production
Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings. The largest U.S. oil producer paid $4.3 billion in dividends and repurchased $4.8 billion in shares during the quarter. The buyback figure puts Exxon on track to meet its annual share repurchase goal of $20 billion. "In this uncertain market, our shareholders can be confident in knowing that we're built for this," Exxon CEO [Read more]
HTM Energy Research – Weekly Round-Up – Everything’s For Sale, Where’s The Capital Coming From? How Much More Does The Core of Marten Hills Have to Give?
Access HTM Energy Research here. Mobile users may need to click here to see full PDF document. NOTE: The opinions expressed in this document are solely those of HTM Energy and do not reflect the views, positions, or policies of Stack Technologies Ltd. or the BOE Report. This is not investment advice. Please read all disclaimers carefully. [Read more]
ExxonMobil Announces First-Quarter 2025 Results
Execution of the company's strategy drove both industry-leading earnings of $7.7 billion and cash flow from operations of $13.0 billion1 Three-year total shareholder return CAGR of 17% lead industry and large industrials1 Distributed industry-leading $9.1 billion in shareholder distributions including $4.3 billion in dividends1 Commenced operations at the China Chemical Complex and 2nd Advanced Recycling Unit in Baytown SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation [Read more]
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