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OPEC Fund Chips In for $200MM Financing for Egypt Food Security
Friday, September 22, 2023The OPEC Fund has committed $10 million to Egypt for the import of vital food and agricultural commodities.
Union Jack Acquires Interest in German Assets Through Beacon
Friday, September 22, 2023Union Jack Oil has acquired a 3.22 percent interest in Beacon Energy.
Costs of Equinor's Johan Castberg Project Rise by $1.2B
Thursday, September 21, 2023Costs for the flagship Johan Castberg project have ballooned to $7.38 billion.
Predator Posts Operating Loss of $2.9MM for First Half
Thursday, September 21, 2023The increase in operating loss is mostly attributed to increased drilling activity in Morocco.
TotalEnergies, Adani to Form 1,050MW Renewables JV in India
Thursday, September 21, 2023TotalEnergies has committed $300 million in equity investment to form an Indian JV with Adani targeting a renewables portfolio of 1,050 MW in capacity.
Vital to Expand in Permian Basin with $1.17B Acquisitions
Wednesday, September 20, 2023Vital expects the new assets to add 35,000 boepd to production capacity.
Valero to Make Another Share Buyback of Up To $2.5B
Tuesday, September 19, 2023Valero has now approved up to $5 billion in share buyback this year.
Berry Closes Acquisition of California's Macpherson Energy for $70MM
Tuesday, September 19, 2023Berry expects the new asset to add 2,400 boepd to its production in 2024.
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Yellen Says Oil Climb Undesirable but Should Stabilize in Time
Tuesday, September 19, 2023Treasury Secretary Janet Yellen said the recent increase in oil prices is unwanted, but they should stabilize in time.
Estonia Gets EU Funding for Key Wind Farm Project
Monday, September 18, 2023The wind farm is planned to supply about 40 percent of Estonia's annual household electricity consumption.
Brazil Energy Chief Piles Pressure on Petrobras
Monday, September 18, 2023'Petrobras has an obligation to sit at the table with Brazil's bureau of federal revenue and the finance ministry and consider all the possibilities to honor its tax commitments'.
Element to Acquire Essential Energy for $44.8MM
Monday, September 18, 2023Element Technical Services will acquire all the issued and outstanding common shares of Essential Energy Services in an amalgamation agreement.
SocGen Plans to Halt New Oil and Gas Loans in Strategy Update
Monday, September 18, 2023Societe Generale SA is planning to halt lending to some new oil and gas projects.
Athabasca Closes Sale of Non-Core Oil Assets in Montney, Duvernay Plays
Friday, September 15, 2023The light oil assets were sold for $118.6 million to an unnamed buyer.
Lycos to Acquire Alberta's DCEL for $16.7MM
Friday, September 15, 2023The acquisition includes 35,382 net acres of land suitable for multi-lateral development.
Tullow Oil's H1 Profit Slumps, Production Outlook Narrowed
Thursday, September 14, 2023Tullow Oil posted a $70 million profit after tax for the first six months of the year.
Chevron Acquires Majority Stake in Utah Hydrogen Project
Wednesday, September 13, 2023Chevron completed the 100 percent acquisition of Magnum Development.
Diamondback, Five Point Form JV for Midstream Water Services
Wednesday, September 13, 2023The JV results in an integrated midstream water infrastructure network with over 800 miles of pipelines.
Viper Energy to Expand Permian Basin Footprint
Tuesday, September 12, 2023The acquisition totals roughly 7,300 net royalty acres.
Tsakos Continues to Ride on War-Induced Rise in Shipping Rates
Tuesday, September 12, 2023Tsakos posted $237 million in net income for the first half, up nearly fivefold year on year.
Persist, Dienerian Merge, Obtain $29.4MM Equity Commitment
Tuesday, September 12, 2023The merger boosts Persist's position as an emerging player in the southern Alberta Mannville formation oil development.
McDermott Enters Deal to Initiate Financial Restructuring
Tuesday, September 12, 2023McDermott International Ltd announced that it has entered into a transaction support agreement to initiate a financial restructuring process.
German Chemical Major Covestro to Hold Talks with Adnoc on Takeover Bid
Monday, September 11, 2023Covestro agreed 'to enter into open-ended discussions with Adnoc'.
Argentina Ordered to Pay $16B in USA Suit Over YPF
Monday, September 11, 2023Argentina was ordered to pay at least $8.4 billion in damages and $7.6 billion in interest in a US lawsuit over its 2012 re-nationalization of state oil company YPF SA.
Russian Budget Swings to Surplus Despite Plunging Energy Revenue
Saturday, September 09, 2023Russia's budget moved back into the black last month.
Nigeria's NNPC Questions Eni Decision Process on JV Sale
Friday, September 08, 2023Eni's failure to obtain NNPC's prior authorization for the sale 'constitutes a grave breach'.
Peyto to Acquire Repsol's Canadian Assets for $468MM
Thursday, September 07, 2023The assets will add about 23,000 boepd to Peyto's production.
WES to Expand Powder River Basin Assets with Meritage Acquisition
Thursday, September 07, 2023The purchase of the Wyoming assets is pegged at $885 million.
Oil Tanker Maker Targets Near $1B Earnings By 2025
Thursday, September 07, 2023'We have never been in such a good position to negotiate contracts'.
Eni Sells Nigerian Onshore E&P Subsidiary
Wednesday, September 06, 2023Eni is selling Nigerian Agip Oil to Oando.
Magnolia Strengthens Position in Giddings with $300MM Acquisition
Wednesday, September 06, 2023Magnolia's position in Giddings, Texas, now totals over 500,000 net acres.
Enbridge to Acquire Gas Utilities from Dominion for $14B
Wednesday, September 06, 2023Enbridge is acquiring gas utility operations in Ohio, North Carolina, Utah, Idaho and Wyoming.
Berkshire Completes Purchase of 50 Percent Stake in Cove Point LNG
Tuesday, September 05, 2023Berkshire now owns 75 percent of Cove Point LNG.
New Oil, Gas Acquisition Platform Launches in USA
Tuesday, September 05, 2023The Texas-based newcomer is backed by Legacy Star Capital and several private family organizations.
Shell Divests Germany, UK Home Energy Units
Monday, September 04, 2023Octopus is buying Shell's home energy units in the UK and Germany.
Petronas Posts $8.6B Profit after Tax for First Half
Monday, September 04, 2023Petronas' profit after tax for the first half of 2023 fell 13 percent year on year on lower prices.
Santos to Sell 2.4 Percent Stake in PNG LNG to Kumul
Monday, September 04, 2023'This transaction... supports the PNG government objectives for the people of PNG to have a greater equity interest in the development of their natural resources'.
SDX to Divest Egypt Assets, Focus on Morocco Energy Transition
Monday, September 04, 2023'The planned sale of SDX's Egyptian assets will be a significant milestone on the company's transition road map'.
AltaGas to Acquire Pipestone Midstream Assets for $482MM
Friday, September 01, 2023The assets to be acquired include the Pipestone Natural Gas Processing Plant Phase I and Phase II expansion project.
Fossil Fuel Investment Needed in Decades to Come: ExxonMobil
Thursday, August 31, 2023ExxonMobil has projected the world will not meet 2050 emission reduction targets and expressed backing for sustained investment in the oil and gas industry.
Orsted Warns of Potential $879MM Impairments in USA Wind Projects
Thursday, August 31, 2023The winds projects have been 'adversely impacted by a handful of supplier delays'.
BW Energy Closes Acquisition of Brazil Assets from Petrobras
Wednesday, August 30, 2023BW Energy now owns the Golfinho and Camarupim Clusters.
Lycos to Acquire Wyatt Heavy Oil Assets, Consolidate Shares
Wednesday, August 30, 2023The acquisition provides Lycos an entry point into a new core area in Frog Lake, Alberta.
Peregrine to Raise Over $700MM for Renewable Projects in North America
Wednesday, August 30, 2023Peregrine has signed a deal with AB CarVal to raise over $700 million for projects with more than seven GW in total capacity.
South Africa's Transnet Sues Sasol to Recover $44MM Tariffs
Tuesday, August 29, 2023Sasol's legal cases mount as South Africa's state-owned logistics company sues to recover oil pipeline tariffs.
Sinopec Slips but Raises Capex as Demand Rebounds
Tuesday, August 29, 2023Sinopec posted $4.8 billion in net profit for the first half of 2023.
Coelecanth Posts Narrower Loss for Second Quarter
Tuesday, August 29, 2023Coelacanth posted $1.59 million in net loss for the second quarter.
Trillion Boosts Second-Quarter Revenue, Operating Income
Tuesday, August 29, 2023Trillion reported $5.8 million in second quarter revenue.
RWE to Divest Czech Gas Storage Facilities to CEPS
Monday, August 28, 2023The sale has an equity value of $389.1 million.
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