High market volatility and geopolitical conflicts are keeping oil prices elevated, which supports the growth in production and profits for Diamondback Energy. The company has updated its forecasts and achieved record results, despite ongoing uncertainty about the timeline for global supply recovery.
In the second quarter, Nabors Industries increased its drilling activity, but overall revenue declined due to lower earnings in the digital and automation segments. Despite the growth in the number of rigs, the company's shares fell by 3.8%.
SLB increased its revenue in the second quarter amid growing offshore activity, despite a decline in profits. The company's financial results exceeded expectations, leading to a rise in its share price.
American company Samos Energy has made an offer to acquire Capricorn Energy at a price higher than the current bid from Genel Energy. Shareholders are now considering alternative options as they await a final decision before the meeting on August 15.
Capricorn Energy has announced an extension of the deadline for a potential deal to sell the company to Saudi investor Al-Masiyyah. A decision on the purchase must be made by July 29, but there are currently no guarantees that the deal will go through.
Capricorn Energy has announced an extension of the deadline for a potential deal to sell the company to Saudi investor Al-Masiyyah. A decision on the purchase must be made by July 29, but there are currently no guarantees that the deal will go through.
Norwegian investment company HitecVision has fully exited its stake in SED Energy Holdings, selling its share for 1 billion Norwegian kroner. The deal attracted significant interest among investors.
The seismic research sector is showing signs of recovery, driven by growing interest from oil and gas companies in exploration and resource replenishment. This positive trend is reflected in TGS shares, which have risen by nearly 24%.