EASTLEIGH, UK - As announced on 9 July 2021 and in accordance with the rules of the Company's Share Option Plan, i3 Energy plc announces that it has issued options over 53,705,491 ordinary shares to i3 staff and board, and has additionally issued 1,750,000 options to incoming staff and conditionally allocated 3,750,000 for additional hires as part of the Company's recent acquisition of assets as announced on 7 July 2021 (collectively the 'Options'). The exercise price of the Options is 11 pence [Read more]
Headlines
U.S. oil & gas rig count falls for first week in eight
U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in eight weeks, even though the rig count rose for 12 straight months, amid an industry stampede to reward investors with share buybacks instead of boosting production. The U.S. oil and gas rig count, an early indicator of future output, fell by three to 488 in the week to July 30, according to data on Friday from energy services firm Baker Hughes Co. Despite this week's decline, the total rig count [Read more]
Oil prices up, on track for steep weekly gain
Oil prices rose on Friday and remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe. U.S. West Texas Intermediate (WTI) crude futures rose 42 cents, or 0.56%, to $73.81 a barrel, adding to a 1.7% rise from Thursday. Brent crude futures for September, which expires on Friday, fell 56 cents, or 0.74%, to $75.26 a barrel, following a 1.75% jump on [Read more]
Imperial announces second quarter 2021 financial and operating results
CALGARY, Alberta - Imperial Oil Limited (TSX, NYSEAM: IMO): Second quarter earnings of $366 million with cash flow from operating activities of $852 million Successfully completed significant planned turnaround activities at Kearl, Syncrude and Strathcona Highest second quarter production in over 25 years driven by record production at Kearl Accelerating plans to extend intervals between planned turnarounds at Kearl, eliminating need for second annual turnaround beginning in 2021 [Read more]
Think your digital transition can wait? Think again
Slow and steady may have won the race, but only in a children’s book. Think you have time to transition? Think you’re moving at a good pace? Think again. The rate at which you’re digitalizing your business could be the most critical business decision you make. It may seem like a daunting task, but digitalization will actually create efficiencies, reduce risks and cut costs. So why wait? The ability to leverage technology today for your benefit can help achieve previously unattainable business [Read more]
Enbridge reports strong second quarter 2021 financial results and advances strategic priorities
CALGARY, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2021 financial results, reaffirmed its 2021 financial outlook, and provided a mid-year business update. Highlights (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Second quarter GAAP earnings of $1.4 billion or $0.69 per common share, compared with GAAP earnings of $1.6 billion or $0.82 per common share in 2020 Adjusted earnings of $1.4 [Read more]
Chevron announces second quarter 2021 results
Earnings of $3.1 billion; adjusted earnings of $3.3 billion Cash flow from operations of $7.0 billion; free cash flow of $5.2 billion Resuming share repurchases, targeted at $2-3 billion per year SAN RAMON, Calif. - Chevron Corporation (NYSE: CVX) today reported earnings of $3.1 billion ($1.60 per share - diluted) for second quarter 2021, compared with a loss of $8.3 billion ($(4.44) per share - diluted) in second quarter 2020. Included in the current quarter were remediation charges [Read more]
Advantage Announces Second Quarter 2021 Financial and Operating Results and Succession Plan
CALGARY, AB, July 29, 2021 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report its second quarter 2021 results including record production of 50,011 boe/d, a significant increase in free cash flow(a) and accelerated debt reduction. Production from the winter drilling program continued to exceed expectations while gas prices remained elevated during the quarter, with the payout of new wells averaging 8 months from the on-stream date. Production was relatively [Read more]
Obsidian Energy announces increased 2021 production and capital expenditure guidance with second quarter 2021 results
Successful completion of first half and an early start to the second half 2021 drilling program Continued debt paydown and higher funds flow from operations Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the second quarter 2021. Three Months Ended June 30 Six Months Ended June 30 2021 2020 2021 2020 FINANCIAL [Read more]
Topaz Energy Corp. announces second quarter 2021 financial results which includes 52% per share FCF growth, declares $0.21 per share quarterly dividend and provides increased 2021 guidance estimates
CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce financial results for the second quarter of 2021 and increased 2021 guidance estimates incorporating acquisition activity. Capital allocation strategy Topaz's hybrid royalty and infrastructure business provides transparent, embedded & self-funded growth and balanced commodity exposure. Through execution of the Company's acquisition growth strategy, Topaz has doubled its second quarter [Read more]