Oil & Gas

Vaalco Declares 20th Straight Quarterly Dividend at $0.0625 a Share

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Vaalco Declares 20th Straight Quarterly Dividend at $0.0625 a Share

HOUSTON – November 05, 2026 -- Vaalco Energy declared a quarterly cash dividend of $0.0625 per share for the fourth quarter of 2026, equal to $0.25 annualized, marking its 20th consecutive quarterly payout.

Vaalco sets December 22 payment date for the fourth-quarter dividend

The dividend is payable on December 22, 2026, to stockholders of record at the close of business on November 20, 2026. The company is listed on the NYSE and on the Main Market of the London Stock Exchange under the symbol EGY.

CEO ties the payout to cash-generating assets in four African countries

CEO George Maxwell said the company's diversified portfolio of cash-flow-generating assets supports its strategic growth initiatives while allowing a "sustainable, meaningful dividend." Vaalco holds production, development and exploration assets in Gabon, Egypt, Côte d'Ivoire and Equatorial Guinea.

Venezuelan Poll: 84.9% Back PDVSA, Sovereign Debt Restructuring

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Venezuelan Poll: 84.9% Back PDVSA, Sovereign Debt Restructuring

Caracas – November 05, 2026 -- A Datanalisis survey found that 84.9% of Venezuelans support a comprehensive restructuring of the country's public debt, including the obligations of the Republic and state oil company PDVSA. The poll was commissioned by Capital Nacional, an initiative of the PDVSA Commercial Creditors Committee, which is itself a stakeholder in any restructuring.

Poll of 840 respondents carries a ±3.38% margin of error

Datanalisis polled 840 respondents nationwide through a market research panel from September 22 to October 2, 2026. The margin of error is ±3.38% at the 95% confidence level.

Respondents favor domestic oil companies and private financing

77% of respondents consider it appropriate for domestic oil companies to take a leading role in recovering and increasing oil production. 69.4% believe the private sector should finance the oil industry's growth and development.

Kimbell Royalty Hits Record 27,565 Boe/d, Lifts Credit Line to $750M

Fort Worth – November 05, 2026 -- Kimbell Royalty Partners (NYSE: KRP) reported record third-quarter 2026 production of 27,565 barrels of oil equivalent per day (6:1), lifted its revolving credit facility to $750 million from $660 million, and moved to redeem half of its remaining preferred units for about $100.2 million.

Acquired assets lift output and revenue

The quarter includes 41 days of production from the $221.2 million Drop Down acquisition, which closed on August 21, 2026 with a June 1 effective date. Run-rate production after closing reached 28,910 Boe per day. Production was about 45% natural gas and 55% liquids, split between 34% oil and 21% natural gas liquids.

CITGO Commits $686,000 to 24 STEM Programs in Three States

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CITGO Commits $686,000 to 24 STEM Programs in Three States

HOUSTON – November 05, 2026 -- CITGO Petroleum Corporation is investing approximately $686,000 in 24 STEM-focused initiatives across Illinois, Louisiana and Texas, the three states where it operates refineries.

The money flows through the CITGO STEM Program, which targets higher high school graduation rates and more students entering STEM-related post-secondary programs that lead to technical and professional careers in their own communities.

Innovation Academies anchor the program in refinery communities

CITGO Innovation Academies embed STEM learning into daily classroom work at partner schools. They are designed to build a K-12 pipeline of future innovators in communities near CITGO's operational areas. The CITGO Innovation Scholarship Program, run with Scholarship America, carries students into college and STEM careers.

Nabors Industries Sets Oct 28 Call for Q3 2026 Earnings

Houston – September 16, 2026 -- Nabors Industries Ltd. (NYSE: NBR) will release third-quarter 2026 results after market close on October 29, 2026, followed by a conference call the next morning to discuss the figures with investors.

Executives to detail Q3 results covering the period ended September 30, 2026

Chairman, President and CEO Anthony G. Petrello and Chief Financial Officer Miguel A. Rodriguez will lead the call on Wednesday, October 29, 2026, at 10:00 a.m. Central Time. Participants are advised to dial in 10 to 15 minutes early to secure a connection.

Replay access runs through November 4

A recording of the call will be available for one week, until 4:00 p.m. CT on November 4, 2026. Callers in North America can access the replay at (855) 669-9658, while international listeners should dial (412) 317-0088, using Conference Replay Entry Number 6139974.

Borr Drilling Exits Perfomex Stake, Retains Mexico Rigs via Bareboat Deal

Hamilton, Bermuda – September 18, 2026 -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) has signed definitive agreements to sell its 51% equity interest in Mexican joint ventures Perforaciones Estratégicas e Integrales Mexicana S.A. de C.V. and Perforaciones Estratégicas e Integrales Mexicana II, S.A. de C.V. (together, "Perfomex") to its long-standing local partner.

Local partner takes full ownership of Perfomex and rig operations

Once the deal closes, Borr's partner becomes sole owner of Perfomex and takes over management of the jack-up rigs Galar, Gersemi and Njord, which currently work under contract with PEMEX. Borr Drilling will retain title to all three rigs and continue earning from the underlying PEMEX contracts through bareboat charter agreements, with economics expected to remain largely unchanged from the current setup.

PBF Holding Prices $500M Zero-Coupon Notes to Refinance 2030 Debt

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PBF Holding Prices $500M Zero-Coupon Notes to Refinance 2030 Debt

Parsippany-Troy Hills, N.J. – September 18, 2026 -- PBF Energy Inc.'s subsidiary PBF Holding Company LLC has priced $500 million in 0% exchangeable notes due 2032, with net proceeds earmarked largely to retire its existing 7.875% Senior Unsecured Notes due 2030.

PBF Holding sets zero-coupon terms with 37.5% exchange premium

The notes, co-issued with PBF Finance Corporation, carry no regular interest and will not accrete in principal. The initial exchange price is approximately $96.80 per share, a 37.5% premium over PBF Energy's $70.40 closing share price on the New York Stock Exchange on September 18, 2026. Initial purchasers hold an option to buy up to $50 million in additional notes within 13 days of issuance.

Hornbeck Offshore Wins Multi-Year North Sea Decommissioning Deal

Houston – September 18, 2026 -- Hornbeck Offshore Services, Inc. (NYSE: HOS) said its subsidiary Helix Well Ops (U.K.) Limited has secured a multi-year decommissioning contract with a major North Sea operator, set to begin in the second quarter of 2027 with a firm two-year term and customer options to extend.

Contract covers riserless plug and abandonment work using purpose-built vessels

Hornbeck will perform the operations using either the Well Enhancer or Seawell, both riserless well intervention vessels. The award includes a fully integrated service package: vessel deployment, a Subsea Intervention Lubricator well access system, ROVs, saturation diving, and project management and engineering support delivered under a single contract.

Uranium Royalty Corp Net Income Jumps 1530% After Sweetwater Deal

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Uranium Royalty Corp Net Income Jumps 1530% After Sweetwater Deal

Lakewood, Colo. – September 18, 2026 -- Uranium Royalty Corp. (NASDAQ: UROY) reported net income of $16.3 million for the three months ended September 18, 2026, a 1530% increase from $1.0 million a year earlier, as physical uranium sales funded its landmark Sweetwater acquisition.

UROY sells 593,255 pounds of U3O8 at $86.00 per pound, beating market average

The company generated $51.0 million in revenue from the sale, above the $85.45/lb average of UxC Historical Ux Daily Prices for the same period. Cost of sales totaled $34.1 million, or approximately $57.40/lb. Diluted earnings per share rose 900% to $0.10, compared with $0.01 in the prior-year quarter.

Oil Splits: IEA Cuts Demand, EIA Lifts Brent as Refiners Post Record Margins

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Oil Splits: IEA Cuts Demand, EIA Lifts Brent as Refiners Post Record Margins

NEW YORK – September 18, 2026 -- Crude settled near $100 a barrel Friday after Iranian state media said Tehran would meet Gulf states in Oman to discuss the Strait of Hormuz, capping a second consecutive weekly gain despite the pullback. The International Energy Agency now forecasts global oil demand will fall by 2.5 million barrels a day in 2026, roughly 940,000 barrels a day deeper than its estimate a month earlier, while the U.S. Energy Information Administration raised its second-half 2026 Brent forecast by $8 to around $90 a barrel in its September 9 Short-Term Energy Outlook. OPEC cut its 2026 demand growth forecast for a fifth consecutive time.