intent, Author at GUPC | Page 210 of 747

Is Kosmos Energy Ltd. The best oil and gas penny stock to invest in now?

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

The oil and gas sector faces a pivotal moment in 2025 as it deals with complex dynamics from global tensions, evolving policy directions, and rising innovation. The stable pricing in 2024, after many decades, now faces hurdles due to geopolitical stresses, energy transition demands, and economic shifts. Companies are keeping tight capital control while boosting tech productivity, as analysts predict oil will stay between $70 and $80 per barrel. However, geopolitical instability and unpredictability could push prices higher.

Tullow Oil offloads Kenyan assets to Gulf Energy in US$120m agreement

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

Under the terms of the transaction, Tullow will receive an initial cash payment of US$40 million upon completion, followed by another US$40 million by June 2026 or upon the approval of a Field Development Plan. A final US$40 million, contingent on future oil prices, will be paid over a five-year period starting in 2028, with any outstanding balance to be settled by 2033.

Oil Muted as Trade Talk Buzz Fizzles

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

The European Commission is investigating whether it would be possible to legislate a continent-wide ban to sign new contracts for Russian fossil fuels, primarily geared to block EU buyers from spot purchases of Russian LNG, still 15% of the continent’s gas needs.

US Oil Drillers See Minor Uptick in Activity

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

WTI is trading up on the day, but still slightly below what the Dallas Fed Survey says is the breakeven for Permian players, with drilling activity in the basin holding fast at 289—a figure that is 29 fewer than this same time last year. The count in the Eagle Ford also stayed the same this week, at 47. Rigs in the Eagle Ford are 8 below where they were this time last year.

Oil Prices Tick Higher Despite Tariff Talks Confusion

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

The Trump administration appears not to be in a rush to close any trade deals with those eager for them. Reuters reported that no deals at all were signed during last week’s IMF-World Bank Spring Meetings, which saw world leaders gather in one place to discuss trade. This suggests extended tariff uncertainty, which means extended oil price uncertainty.

Trade War Is Diverting USA Petroleum Gas Cargoes Away From China

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

Four cargoes of propane have shifted their routes from China to alternate destinations over the past week, bound for countries including Japan and South Korea, according to a report from analytics firm Vortexa. At least one cargo of ethane — which is used in plastics production — has been scrapped entirely, according to a person familiar with the matter.

DV Group Embarks on Big Push Into Commodities Beyond Energy

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

DV Group has been gradually expanding its footprint in commodities for years, from hiring a senior coffee trader to several fuel and natural gas traders last year. The firm plans to continue growing in natural gas and power, which has been a significant driver of profits at top multistrategy hedge funds, including Citadel and Millennium

GeoPark Exceeds Q1 Production Guidance

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

The company plans to drill seven gross wells in Colombia and four gross wells in Argentina, targeting a mix of conventional, unconventional, appraisal, and exploration opportunities. Key activities include drilling six infill wells and continuing workovers in the Llanos 34 Block, completing and bringing online four wells on the PAD-12 area in the Mata Mora Norte Block, spudding four wells on the PAD-1 area in the Confluencia Sur Block, drilling one appraisal well in the Llanos 123 Block, and drilling one exploration well in the Llanos 104 Block, the company said.

Gazprom Refiner in Serbia Gets Fresh Reprieve on US Sanctions: Vucic

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

NIS’s main refinery in Pancevo, just east of Belgrade, has relied on crude imports through a pipeline in neighboring Croatia. Anticipating that the ever-tightening sanctions may render the pipe unusable for NIS, Serbia has made plans to link to crude supplies from the Druzhba pipeline via Hungary.

Oceaneering Net Income Soars for Q1

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

“Oceaneering outperformed expectations this quarter due to resilient utilization of remotely operated vehicles (ROVs), and strong vessel activity, predominately in the Gulf of Mexico and West Africa. We generated adjusted EBITDA of $96.7 million, exceeding both our guidance range and consensus estimates for the quarter”, Rod Larson, President and Chief Executive Officer of Oceaneering, stated. He added that the jump in revenue was driven by strong performances from the company’s Subsea Robotics (SSR) and Offshore Projects Group (OPG).

Author: intent