By Aisha Nkemdirim
Covers oil, gas, metals, the energy transition and the commodities driving inflation.
Devon Energy May Sell $4 Billion in Shale Assets to Focus on Permian Basin
Devon Energy is weighing a sale of its Eagle Ford and Powder River shale assets that could raise more than $4 billion. The move would sharpe
SLB Shares Surge Over 10% on Strong Q2 Earnings Despite Oil Price Drop
Oil prices slid on Friday, with WTI falling 3% and Brent dropping 3.9%, yet SLB shares climbed more than 10% after the company's Q2 earnings
Helium Evolution Raises C$25 Million for Saskatchewan Drilling Push
Helium Evolution is raising C$25 million through a private placement to fund drilling in Saskatchewan. The deal, backed mostly by new intern
Oil Slips on Friday but Posts 11% Weekly Gain as Middle East Tensions Persist
Brent crude dipped 2.77% to $97.90 a barrel on Friday, yet still posted an 11% weekly gain. Attacks near the Red Sea and jitters around the
Neste's Strong Renewable Margins Fail to Lift Earnings, Stock Drops 8%
Neste's renewable fuel margins surged to $1,223 per ton in Q2, but adjusted EBITDA of €1.20 billion fell short of expectations. The stock dr
RBC Upgrades Karoon Energy After Strong Quarter, Sees Brighter Second Half
RBC Capital Markets upgraded Karoon Energy after a stronger-than-expected second quarter, driven by two cargoes from Brazil's Baúna field. R
BluEnergies Raises C$20.7M in Private Placement for Exploration Push
BluEnergies has closed a C$20.7 million private placement, selling 9.2 million units at C$2.25 each. Proceeds will fund exploration and work
Oil Prices Surge Past $99, Boosting Energy Stocks in Premarket Trading
Oil prices surged early Thursday, with WTI crude climbing 4.6% to $90.79 and Brent crude jumping 5.9% to $99.64. The rally boosted energy st
Oil Surge Past $99 Hits US Stocks as Red Sea Tanker Attacks Stoke Supply Fears
US stock futures fell as Brent crude climbed to $99.27 after Iran-backed Houthis attacked two Saudi oil tankers in the Red Sea. The escalati
Centrica to Cut 1,300 Jobs as Profit Drops 18%, Accelerates AI Overhaul
Centrica, owner of British Gas, announced 1,300 job cuts after first-half adjusted core profit slid 18% to £737 million. The company is acce
RBC Says Halliburton's Next Growth Phase Depends on International Markets
RBC Capital Markets sees Halliburton's future growth coming from overseas operations, not domestic activity. The bank kept its outperform ra
Laramide Resources Values Queensland Uranium Project at $456 Million
Laramide Resources has released an updated economic study for its Westmoreland uranium project in Queensland, estimating a $456 million cons