Paramount Resources Ltd. announced a cash dividend of $0.15 per share payable on September 27th. The company also revealed its acquisition of over 167 sections of Montney rights in the Sinclair area of Alberta, strategically positioning itself for future gas production.
Shell plc (SHEL) shares are trading lower premarket Tuesday after the company announced a 10-year LNG agreement with Turkey’s BOTAŞ. The deal will see Shell supplying up to 4 billion cubic meters of LNG annually, starting in 2027, contributing to Turkey’s goal of diversifying its gas resources and establishing itself as a regional gas hub.
The rapid advancement of artificial intelligence (AI) is creating an unprecedented demand for energy, leading to a potential energy crisis. This article highlights three stocks: Kinder Morgan, Pan American Silver, and Cameco Corp., positioned to capitalize on the AI-driven energy boom by providing critical resources like natural gas, silver, and uranium.
Pakistan is reviewing its existing and future power projects, including hydropower and nuclear plants, due to concerns over energy overcapacity and high electricity prices. The review aims to ensure the viability and efficiency of these projects, with a focus on optimizing power generation to match demand and achieve economic sustainability. The government is also examining agreements with Independent Power Producers (IPPs), which have led to significant capacity payments for unused power.
Oceaneering International Inc. (OII) has secured several contracts in the UK North Sea region, focusing on decommissioning, inspection, and subsea infrastructure services. These contracts highlight the company’s expansion into a key market and demonstrate its expertise in the sector.
Recent insider purchases at HighPeak Energy, Mercury Systems, and MYR Group suggest potential investment opportunities. These companies are in the energy, aerospace & defense, and electrical construction sectors, respectively. While insider trades can offer valuable insights, they should not be the sole basis for investment decisions.
Shell Pipeline Company LP and Triton West LLC, subsidiaries of Shell USA, Inc., have agreed to sell their 100% interest in the Sinco pipeline system and Colex terminal to Edgewater Midstream LLC. This move aligns with Shell’s strategy to simplify its portfolio and focus on projects with lower emissions.
U.S. stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining 1%. Energy shares led the gains, while real estate stocks lagged. Dollar General Corporation reported disappointing second-quarter results and lowered its 2024 guidance. Several stocks experienced significant price changes, with BioCardia, Innovative Eyewear, and Affirm Holdings seeing gains, while iLearningEngines, Ensysce Biosciences, and Big Lots saw declines. Commodity prices, including oil and gold, rose. European markets also closed higher, while Asian markets ended the day mixed.
Norwegian energy giant Equinor has announced the cancellation of its offshore wind projects in Spain, Portugal and Vietnam, citing rising costs due to inflation, high interest rates and supply chain delays. The company’s decision highlights the financial challenges faced by the offshore wind industry, but Equinor remains committed to its renewable energy goals.
While renewable energy is crucial, it’s not yet capable of meeting the world’s growing energy demands. This leaves a vital role for oil and gas in the near future, especially in the United States. This article examines the current energy landscape, highlighting the importance of oil and gas, and analyzes a specific investment opportunity within the sector.
