What's Affecting Oil Prices This Week? (June 24, 2024)
Stratas Advisors expect that oil prices will be under pressure during the upcoming week, in part because of economic and political uncertainty.
Trio Co-founder Robin Ross Rejoins Company as Chairman, Board Director
Robin Ross became chairman of Trio Petroleum Corp.’s board of directors on June 17.
Hirs: How the Cost of Carbon Avoidance Bolsters Nuclear Power
States and the EU have introduced nascent carbon pricing schemes with taxes, tax benefits and offsets. It isn’t unreasonable to assume that carbon pricing will become increasingly tangible.
Franklin Mountain Co-founder Paul Foster Steps Down as ERCOT Board Chair
Energy executive Paul Foster, who co-founded Permian E&P Franklin Mountain Energy in 2018, is stepping down as board chairman of the Electric Reliability Council of Texas (ERCOT).
QatarEnergy, Exxon Seek to Remove Contractor from Texas Gas Project
Golden Pass LNG, a joint venture between QatarEnergy and Exxon Mobil, asked a U.S. bankruptcy court late on Tuesday to sever Zachry Industrial's $5.8-billion contract within five days, or allow it to take possession and control of the facility, which is about 75% complete.
Pinnacle West Declares Quarterly Dividend
Pinnacle West Capital Corp.’s dividend is payable on Sept. 3 to shareholders of record as of the close of business on Aug. 1.
Ali Azad joins Quaise Energy as Independent Board Director
Azad has more than 40 years of experience in executive leadership and high-tech power project deployments.
Berkshire Hathaway Boosts stake in Occidental Petroleum to Nearly 29%
Warren Buffett's Berkshire Hathaway Inc. acquired another 2.95 million shares in Occidental Petroleum.
PE Firm Pearl to Monetize $355MM in Permian Resources Shares
Since forming through a merger in 2022, Permian Resources has reduced its stock ownership by a group of private equity backers from over 50% of the company’s outstanding shares to 16% today.
Crestwood’s Wannarka Joins EnergyNet as CFO, COO
Wannarka brings public-equity finance, investment banking and investor relations experience to the upstream A&D brokerage.