The wells produce heavy crude oil from the McLaren/Sparky and Lloydminster formation(s). Novacor is the operator of these cash flow positive wells and has the capability to rapidly double production.

TotalEnergies has commenced oil production from the Mero-4 phase of the Mero field in Brazil, which will connect 12 wells to the new Alexandre de ...

Occidental Petroleum expects to see about $1 billion in free cash flow improvement in 2026 through capital roll-off from non- oil and gas projects, including from the Stratos direct air capture ...

“Asian buyers have already been looking for alternative grades from the Middle East, with broader sanctions against Russia and Iran making this oil flow more difficult,” ING analysts say in a ...

However, blocking crude oil flow to the US could inflict an enormous economic cost on Canada, which pumps nearly all of its crude oil to the US via a network of pipelines. Moreover, it would take ...

Devon trades at a free cash flow yield of 9% at $70 oil, which compares with a low-single-digit yield for the broader market. CFO Jeff Ritenour stated on the call, "We expect share repurchases in ...

A 750-foot-long oil tanker and its high-powered escort tug started motoring west from a pipeline terminal near Vancouver, British Columbia, Wednesday afternoon. The Liberian-flagged tanker ...

BP (NYSE: BP) is reducing by $1 billion its quarterly share buyback program after reporting weaker-than-expected earnings, significantly lower cash flow ... to begin oil and gas production ...

according to a company document seen by Reuters on Monday. The administration of U.S. President Donald Trump this month gave Chevron 30 days through early April to wind down all oil operations and ...

Former president Donald Trump's return to the White House could mean tougher enforcement of US oil sanctions against Iran, potentially trimming global supplies, but his administration could ...