Oil

EQS-News: Operational update: Record production in 2023 and promising start in 2024

Retrieved on: 
Wednesday, March 13, 2024

15,500 BOEPD

Key Points: 
  • 15,500 BOEPD
    The oil and gas production of Deutsche Rohstoff reached a new record of approx.
  • In 2023, the average oil price was USD 77.58/BBL, slightly above the price assumption of USD 75/BBL in the base scenario.
  • The completion and start of production of the 3 wells is still planned for summer 2024.
  • For the years 2024 and 2025, a total of around 2 million barrels have been hedged at around USD 75/BBL.

RIXX Invest AG completes first development phase of Rattlesnake Oil and Gas LLC

Retrieved on: 
Wednesday, March 13, 2024

Berlin, February 21, 2024 - RIXX Invest AG, Berlin, has successfully completed the first phase of the development in production areas of Rattlesnake Oil and Gas LLC in Texas (USA).

Key Points: 
  • Berlin, February 21, 2024 - RIXX Invest AG, Berlin, has successfully completed the first phase of the development in production areas of Rattlesnake Oil and Gas LLC in Texas (USA).
  • RIXX Invest AG acquired Rattlesnake Oil and Gas LLC, headquartered in Dover (Delaware), USA, at the end of August 2023.
  • The production areas of Rattlesnake LLC cover around 5,700 hectares and offer the potential to reactivate up to 200 existing but currently largely inactive oil production wells.
  • RIXX had already announced its intention to acquire further oil production areas in the future.

EQS-News: Deutsche Rohstoff AG: Reserve report 2024 - Value of oil and gas reserves increases despite record production in the previous year and sale of Utah assets

Retrieved on: 
Wednesday, March 13, 2024

Deutsche Rohstoff AG today published the results of its annual oil & gas reserve reports.

Key Points: 
  • Deutsche Rohstoff AG today published the results of its annual oil & gas reserve reports.
  • The reserve values are calculated using the oil price (WTI) and natural gas forward curve as of 31 December 2023.
  • Proved developed producing reserves increased by 28% to 18.9 million BOE (52% oil) (previous year: 14.8 million BOE/42% oil).
  • The discounted value of the producing wells amounts to USD 313 million as of 31 December 2023 (previous year: USD 246 million).

Canadian Natural Resources Limited Announces Normal Course Issuer Bid

Retrieved on: 
Friday, March 8, 2024

Calgary, Alberta--(Newsfile Corp. - March 8, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural") announced today that the Toronto Stock Exchange ("TSX") has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid ("NCIB") through the facilities of the TSX or other alternative Canadian trading systems.

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - March 8, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural") announced today that the Toronto Stock Exchange ("TSX") has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid ("NCIB") through the facilities of the TSX or other alternative Canadian trading systems.
  • The price which Canadian Natural will pay for any such shares will be the market price at the time of acquisition.
  • The actual number of common shares that may be purchased and the timing of any such purchases will be determined by Canadian Natural.
  • In connection with the NCIB, Canadian Natural expects to enter into an automatic share purchase plan ("ASPP") in relation to purchases made under the NCIB.

Canadian Natural Resources Limited Announces Quarterly Dividend

Retrieved on: 
Thursday, February 29, 2024

Calgary, Alberta--(Newsfile Corp. - February 29, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to C$1.05 (One dollar and five cents) per common share.

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - February 29, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to C$1.05 (One dollar and five cents) per common share.
  • The dividend will be payable on April 5, 2024 to shareholders of record at the close of business on March 15, 2024.
  • Since March 2, 2023, the Company has increased its quarterly dividend 24% through three separate increases for a combined increase of $0.20 per common share.
  • Canadian Natural is a senior crude oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.

Canadian GoldCamps to Earn 50% of Murphy Lake for $10M Exploration Spend

Retrieved on: 
Tuesday, February 20, 2024

The staged option will allow Canadian Goldcamps to earn up to a 70% interest in the Murphy Lake Property (the "Property") in the Athabasca Basin, Saskatchewan.

Key Points: 
  • The staged option will allow Canadian Goldcamps to earn up to a 70% interest in the Murphy Lake Property (the "Property") in the Athabasca Basin, Saskatchewan.
  • The partnership highlights the prospectivity of the Murphy Lake property with Canadian GoldCamps sole-funding exploration for three years, minimizing share dilution to F4 shareholders.
  • following the next equity financing of Canadian GoldCamps (for gross proceeds of not less than $6 million), 9.9% of the issued and outstanding common shares of Canadian GoldCamps will be issued to F4.
  • The percentage of a 2% NSR Royalty to F4 equal to Canadian GoldCamps percentage interest in the Property.

HDEX Releases "Hydrogen Horizons 2024-2050" Market Report

Retrieved on: 
Saturday, March 2, 2024

HDEX, the world's first hydrogen exchange, is thrilled to announce complimentary access to its highly anticipated report, titled "Hydrogen Horizons 2024-2050: Navigating the Global Hydrogen Market."

Key Points: 
  • HDEX, the world's first hydrogen exchange, is thrilled to announce complimentary access to its highly anticipated report, titled "Hydrogen Horizons 2024-2050: Navigating the Global Hydrogen Market."
  • LONDON, Mar 2, 2024 - (ACN Newswire) - HDEX, the world's first hydrogen exchange, is thrilled to announce complimentary access to its highly anticipated report, titled "Hydrogen Horizons 2024-2050: Navigating the Global Hydrogen Market."
  • This comprehensive 66-page report offers invaluable insights into the future of the hydrogen market, encompassing market trends, growth opportunities, and strategic recommendations.
  • "This report delves into future trends, consumer behaviors, and sales performance within the hydrogen market, making it an indispensable resource for industry professionals, researchers, and stakeholders."

Fortinet invests $30 million to build new cybersecurity tech hub in Alberta

Retrieved on: 
Friday, March 8, 2024

With support from Invest Alberta and Calgary Economic Development, and a grant from the Government of Alberta, Fortinet will expand into Calgary’s downtown, creating a cutting-edge cybersecurity tech hub.

Key Points: 
  • With support from Invest Alberta and Calgary Economic Development, and a grant from the Government of Alberta, Fortinet will expand into Calgary’s downtown, creating a cutting-edge cybersecurity tech hub.
  • To address the forecasted shortage of tech talent, Fortinet is providing new career paths to workers needing to re-train or acquire updated expertise.
  • Fortinet offers one of the industry's most extensive and comprehensive training programs , aimed at diversifying available tech talent.
  • “As a global leader in cybersecurity, Fortinet is committed to protecting and empowering communities right here in Alberta, fostering innovation and excellence.

Allied Energy Corporation Signs Partnership Agreement on Green Lease Project

Retrieved on: 
Thursday, March 7, 2024

CARROLLTON, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP) is delighted to announce the formalization of a Partnership Agreement with Petroloro LLC and ORO Energy LLC, collectively known as P&O Energy, to advance the Green Lease project.

Key Points: 
  • CARROLLTON, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP) is delighted to announce the formalization of a Partnership Agreement with Petroloro LLC and ORO Energy LLC, collectively known as P&O Energy, to advance the Green Lease project.
  • Under this Partnership Agreement, P&O Energy will undertake the operation of the Project by initiating a comprehensive workover program on the M1 and X3 Wells.
  • Additionally, the Partnership Agreement outlines the development of further Wells within the Project area.
  • The initial drilling location has been identified, and pending the successful acquisition of permits, Allied Energy will transfer the Project land to P&O Energy.

Obagi Cosmeceuticals Announces the Launch of Daily Hydro-Drops® Rejuvenating Eye Gel Cream

Retrieved on: 
Thursday, March 7, 2024

LONG BEACH, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Obagi Cosmeceuticals LLC (“Obagi”), a leader in skincare innovation and the originator of medical-grade skincare and a subsidiary of Waldencast plc, (NASDAQ: WALD) (“Waldencast”), today announced the launch of Daily Hydro-Drops® Rejuvenating Eye Gel Cream.

Key Points: 
  • LONG BEACH, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Obagi Cosmeceuticals LLC (“Obagi”), a leader in skincare innovation and the originator of medical-grade skincare and a subsidiary of Waldencast plc, (NASDAQ: WALD) (“Waldencast”), today announced the launch of Daily Hydro-Drops® Rejuvenating Eye Gel Cream.
  • Daily Hydro-Drops® Rejuvenating Eye Gel Cream offers a transformative solution to the eye area, bringing an immediate boost in radiance, while simultaneously rejuvenating the eye area with 24-hour lasting hydration for a more awakened appearance.
  • With just one swipe, Rejuvenating Eye Gel Cream delivers brighter, smoother, and more hydrated skin around the eyes.
  • Multimodal efficacy testing was completed to demonstrate the efficacy of Daily Hydro-Drops® Rejuvenating Eye Gel Cream, revealing the below findings after various time increments:
    Daily Hydro-Drops® Rejuvenating Eye Gel Cream is now available for $75 through partnering physician channels, and will be available for customers to purchase on Obagi.com on March 21st.