Three energy midstream companies—Delek Logistics Partners, Hess Midstream, and Plains All American Pipeline—offer high dividend yields between 8-9% and have recently increased their distributions. All three have strong cash flow generation, long-term contracts, and strategic investments positioning them for continued dividend growth.

Chevron is set to begin drilling the Korikori-1 exploration well this month in Block 5, located offshore Suriname, with partners Paradise Oil Company and QatarEnergy. The drilling will assess potential hydrocarbon resources in the region.

The article explores five high-yield investments with potential dividend increases before year-end, focusing on midstream MLPs, communication services, and mortgage REITs with yields ranging from 8.5% to 16.6%.

The article highlights three Master Limited Partnerships (MLPs) with high yields above 5% that offer sustainable distributions and strong growth prospects: Hess Midstream Partners, Enterprise Products Partners, and Brookfield Infrastructure Partners.

SBM Offshore has completed the $1.5 billion project financing for the FPSO Jaguar, which will be deployed in the Stabroek block offshore Guyana. The FPSO is designed to produce 250,000 barrels of oil per day and will be operated by ExxonMobil Guyana, a subsidiary of ExxonMobil Corporation.

Equinor ASA has received a drilling permit from the Norwegian Offshore Directorate to drill a wildcat well in the Norwegian Sea. The company has contracted the Deepsea Atlantic rig owned by Odfjell Drilling to carry out the drilling activities.

Cenovus Energy has decided to demobilize some of its workers at the Sunrise oil sands site in Alberta as a precautionary measure due to the ongoing wildfires in the region. The company stated that the wildfires do not pose a direct threat to its operations, but it is closely communicating with authorities to aid their efforts in controlling the situation.

California Resources (CRC) expects capital expenditure to be in the $170-$210 million range for the combined entity and net daily production in the band of 140-146 mboe per day for second-half 2024.

Repsol (REPYY) and NEO Energy are yet to provide an update on their potential merger. However, as per sources, both parties are engaged in extensive discussions and may make an announcement soon.

Phillips 66's (PSX) Rodeo refinery in California uses lower carbon intensity feedstocks, which are processed via new pre-treatment units to convert them into renewable fuels.

ExxonMobil (XOM) is currently producing around 650,000 barrels per day of oil from Guyana, and the Hammerhead FPSO is expected to ramp up the production to 1.5 million barrels per day.

Shell's (SHEL) Polaris project is being developed to capture an estimated 650,000 tons of carbon dioxide from Shell's refinery and chemical complex in Scotford, Alberta.