First United Corporation Reports Financial Results for Second Quarter 2025
FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS Income Statement Overview On a GAAP basis, net income for the second quarter of 2025 was $6.0 million. This compares to $5.8 million for the first quarter of 2025 and $4.9 million for the second quarter of 2024. Q2 2025 Q1 2025 Q2 2024 Net Income, […]
Norway Plans to Increase Oil and Gas Production from Troll-Fram Field
Norway to extract more oil and gas from Troll-Fram Fram Sør’s CO₂ intensity will be only 0.5 kg per barrel, compared to 16 kg for the industrial average. Norwegian energy giant Equinor and its partners announced a multibillion-dollar investment to boost oil and gas production in the North Sea for European markets through the development […]
Cenovus Shares Surge 10% Following Dividend Increase by Canadian Oil and Gas Producer
Cenovus stock soars over 10% as Canadian oil and gas producer hikes dividend New expansion phase at Cenovus’ Christina Lake oilsands operation in northern Alberta. (Photo: Business Wire) · Business Wire Cenovus Energy (CVE.TO)(CVE) raised its dividend in the face of weaker oil prices, sending shares of the Canadian oil and gas company over 10 […]
Proposed Legislation to Increase Oil and Gas Royalty Rates on Future Leases | Local News
Bill to hike top oil and gas royalty rates on future leases introduced | Local News The upcoming 60-day legislative session will likely see renewed debate over raising the top royalty rate for oil and gas development on state land. Sen. George Munoz (D-Gallup) pre-filed a bill Friday to increase the cap on royalty rates […]
Silicon Metals Corp. Expands Land Position by ~40% at Ptarmigan Silica Project in B.C. with Acquisition of Adjacent Claims spanning ~919 Hectares, Completes Phase 1 Exploration, and Partners with Fairfax for Marketing.
Silicon Metals Corp. Announces Acquisition of Contiguous Claims Totalling ~919 Hectares to Increase Land Position by ~40% at the Ptarmigan Silica Project in B.C., Completes Phase 1 Exploration and Engages Fairfax for Marketing Silicon Metals Corp. has expanded its Ptarmigan Silica Project by approximately 919 hectares, increasing its size by 40%. Located near Prince George, […]
API Data Shows Significant Increase in U.S. Crude Oil Inventories
API data reveals huge rise in US crude oil inventories Crude oil inventories in the US rose by 10.9mbbl during the week ended 4 October, data from the API showed. The body, the largest US trade association for the oil and gas industry, reported that gasoline inventories fell by 557,000bbl. Meanwhile, distillate inventories also declined […]
Oil Rig Count Declines as Oil Prices Experience Largest Weekly Increase Since 2022
Oil Rig Count Drops as Oil Prices See Strongest Weekly Gain Since 2022 The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 2 this week to 585, compared to 619 […]