Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) (“Vortex” or the “Company“) is pleased to announce that it has successfully upgraded from the OTC Pink Market to the OTCQB Venture Market. The Company’s common shares started trading on the OTCQB under the symbol “VTECF” as of the opening of the market on… Continue reading Vortex Energy Announces Uplisting on the OTCQB

Q4 2023 dividend The company’s board of directors has declared a quarterly dividend of 14 U.S. cents per common share, payable in cash on Jan. 15, 2024, to shareholders of record at the close of business on Dec. 29, 2023. This dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend payments… Continue reading Alvopetro Energy Ltd. has declared a fourth quarter 2023 dividend and is updating on its Cabure unit redetermination process.

The article reports that BP has decided to temporarily halt all transits through the Red Sea due to the escalating security situation caused by attacks on vessels by Houthi militants from Yemen. This decision is in line with similar suspensions announced by shipping giants MSC, Hapag-Lloyd, CMA CGM, and Maersk. The drone threat in the… Continue reading Oil major BP becomes latest to pause Red Sea shipments as Houthi attacks continue

FuelPositive Corporation, a leading Green Ammonia company, (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) provides a recap of 2023 Milestones Achieved, Highlights for 2024, as well as details on securing further financing and the closing of the First Tranche of $1,350,000, in an active private placement. The ammonia industry is currently one of the world’s… Continue reading FuelPositive Update: 2023’s Milestones Achieved – 2024 Path Forward. Additional Capital Secured

Venezuela and Guyana have reached an agreement to refrain from using force or threats in their ongoing dispute over the oil-rich territory of Essequibo. This territory gained global attention after Venezuela renewed its claim to the land following the discovery of oil off its coast in 2015. In a tense meeting held in St. Vincent… Continue reading Venezuela and Guyana pledge not to use force in bitter dispute over oil-rich territory

The International Energy Agency (IEA) has provided a cautionary outlook on global oil demand, indicating evidence of a softening trend expected to persist into 2024. In contrast to the perspective of the Organization of the Petroleum Exporting Countries (OPEC), the IEA emphasized a notably bearish sentiment in recent weeks, even following OPEC+’s announcement of voluntary… Continue reading IEA expects oil demand slowdown to persist in 2024 as prices fall on oversupply concerns

Berkshire Hathaway, led by Warren Buffett, has demonstrated confidence in Occidental Petroleum’s future prospects by acquiring over 10 million shares of the company this week, amounting to a total investment of $588 million. This move brings Berkshire’s ownership stake in Occidental to 27%, valued at $13.6 billion based on the stock’s closing price of $57.22… Continue reading Buffett’s Berkshire buys more Occidental in endorsement of Permian Basin-related purchase

BP has announced its decision to claw back up to £32.4 million ($40.59 million) in remuneration from former CEO Bernard Looney after determining that he “knowingly misled” the board regarding personal relationships with colleagues. Looney, who resigned in September, will not receive any further salary, benefits, or an annual bonus for fiscal 2023 from the… Continue reading BP pulls back $40 million in pay from former CEO Looney

The landmark COP28 agreement, approved by government ministers from nearly 200 countries, calls for a shift away from fossil fuels, marking the first time in almost three decades for such a resolution. While hailed as “historic” and “the beginning of the end” of the fossil fuel era, critics point out the absence of an explicit… Continue reading What the COP28 deal means for the U.S. as oil and gas production hits record levels

U.S. crude oil faced a 4% drop on Tuesday, with the West Texas Intermediate (WTI) contract for January losing $2.92 (4.09%) to reach $68.40 a barrel. Simultaneously, the Brent contract for February shed $2.97 (3.91%) to trade at $73.06 per barrel. This decline was triggered by inflation data that raised concerns among traders about the… Continue reading U.S. crude oil falls 4% as traders worry about inflation impacting demand

Seraya Partners, a Singapore-based firm, has successfully closed its Seraya Partners Fund I, an Asia-focused infrastructure private equity fund, raising $800 million. This exceeds the fund’s initial target of $750 million. Notable global asset managers, including BlackRock, are among the investors participating in the fund. The fund focuses on mid-market investments with the goal of… Continue reading BlackRock and China-led AIIB among backers of $800 million Asia-focused infrastructure fund

Production resumed safely on December 8, 2023. In the coming days, Valeura intends to mobilise its contracted drilling rig to the field, and once in position, further wells will be brought online to ramp up production volumes. The Company plans to conduct an infill drilling programme comprised of three production-oriented horizontal development wells targeting deeper… Continue reading VALEURA ENERGY INC. ANNOUNCES WASSANA PRODUCTION RE-START