Surge Energy Inc. Announces 2020 Budget

CALGARY  – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its budget guidance for 2020 as approved by the Company’s Board of Directors. 2020 BUDGET – DEFENSIVE AND SUSTAINABLE Surge’s disciplined 2020 capital expenditure budget reaffirms the Company’s commitment to free cash flow generation and debt reduction. Surge’s Board of [Read more]

Source: BOE Report

Manitowoc Board of Directors Elects Anne E. Bélec as New Director

MILWAUKEE–(BUSINESS WIRE)–The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that Anne E. Bélec has been elected to the Company’s Board of Directors effective immediately. Additionally, the Company announced an increase in the size of the Board from eight to nine directors. Ms. [Read more]

Source: BOE Report

Despite Crisis, PDVSA Offers Yoga Lessons To Employees

Venezuela’s oil company PDVSA appears to be in shambles for most observers but besides managing to boost its oil production last month, the state firm is still offering yoga, guitar, and dance lessons to employees, Bloomberg reports. To top it all, the division also offers workshops in the management of a socially responsible business. Amid an exodus of millions of ...

Source: Oilprice.com

Baker Hughes Eyes 100% Renewable Energy For Texas Operations

Baker Hughes has vowed to generate 100 percent of the energy it uses in Texas from solar and wind power capacity, Bloomberg reports, citing a statement by the company. According to Baker Hughes, switching to solar and wind to power its 170 facilities across the Lone Star State will reduce its global carbon footprint by 12 percent. The move is ...

Source: Oilprice.com

EIA analysis explores India’s projected energy consumption

In the U.S. Energy Information Administration's (EIA) International Energy Outlook 2019 (IEO2019), India has the fastest growing rate of energy consumption globally through 2050. By 2050, EIA projects in the IEO2019 Reference case that India will consume more energy than the United States by the mid-2040s, and its consumption will remain second only to China through 2050. EIA explored three alternative outcomes for India's energy consumption in an Issue in Focus article released today and a corresponding webinar held at 9:00 a.m. Eastern Standard Time.

Source: EIA: Today in Energy