Baker Hughes increases annual forecasts following Chart purchase and signals LNG recovery ahead
?U.S. Baker Hughes, a provider of oilfield services, raised its full-year forecasts Wednesday to reflect the benefits of its $13.6 billion acquisition of industrial equipment maker Chart Industries. Lorenzo Simonelli, the CEO of Barclays, also spoke at the Barclays Annual Energy Conference, and expressed optimism about liquefied gas (LNG) market, where equipment demand is being pressured by a slow pace in new project sanctioning, as well as customer spending. Early trading saw shares of the company up by 3.2%. Baker Hughes completed the Chart acquisition in July, after receiving EU antitrust approval.
Eni, the Italian energy company, doubles its efforts in Venezuela to recover debt
Analysts said that the Italian oil company Eni improved its chances to'recover more than $2.3bn owed by Venezuela' with the signing of a new oil project deal in the country this week. Eni has collected these receivables after nearly three decades of doing business in Venezuela. Eni was faced with a difficult choice as Washington and Caracas reopened Venezuela's oil industry to international investors this year. It could either deepen its commitment or risk worsening their chances of recovering their claims, while the United States pushed to restructure its old debt.
Eni, the Italian energy company, doubles its efforts in Venezuela to recover debt
Analysts said that the signing of a new deal for an oil project in Venezuela this week has increased the chances of Eni recovering the more than $2.3billion owed to it by Venezuela. Eni has collected these receivables after?nearly 30 years in Venezuela from the state-owned PDVSA. Eni was faced with a difficult choice as Washington and Caracas reopened Venezuela's oil industry to international investors this year. It could either deepen its commitment or risk worsening their chances of recovering their claims, while the United States pushed to restructure its old debt.
San Matias Pipeline Cansortium Closes $900m Loan for Pipeline
Argentina's San Matias Pipeline consortium said on Friday it had closed a $900 million project finance loan to build a pipeline from the Vaca Muerta shale formation to the Atlantic coast in Rio Negro province, a crucial piece of financing for the nation's long-delayed ambition to become a global natural gas exporter.The financing marks a major milestone for a country trying to turn one of the world's largest unconventional gas reserves into hard-currency export revenue.The 472-km (293-mile) pipeline will carry gas from Vaca Muerta - Argentina's…
The number of claims against Radiant World assets has doubled in the last decade, according to filings
Radiant World is one of the largest iron ore traders in the world. It has 21 registered creditors who have registered claims on its assets. This number will more than double before 2025. Bloomberg reported in late July that Vitol Group, Cargill and Glencore have ceased trading with Radiant World. Bloomberg reported that two of these trading firms found that Radiant World's banks had received documents or invoices that were not valid. Reports said that the third trading house withdrew after it was informed of concerns about falsified documents. Radiant World Singapore's operating entity had registered secured creditors who held 10 claims before 2025.
ConocoPhillips' new CEO inherits $7 Billion cash flow pledge on Alaska oil project
Analysts and investors have said that Andy 'O'Brien, the long-time CEO of ConocoPhillips, will be succeeded by Ryan Lance in the next month. He will inherit an Alaskan oil project, which will need to be completed, and costs to control, as well as a share price, which has lagged behind peers. ConocoPhillips, the 'largest independent U.S. oil exploration and production firm' announced its succession plan Thursday along with the company’s highest quarterly net income in 2022. The higher crude prices as a result of the Iran War boosted the earnings.
As the standstill comes to an end, Rio Tinto does not rush to revive Glencore as it signals that no hurry is needed.
The freeze on Rio Tinto approaching Glencore to takeover ends this week. However, those who have been briefed on the situation by top executives do not expect any new tie-up discussions for now. CEO Simon Trott is focusing on cost cutting and asset sales. After he was appointed to the top position at Rio Tinto, the second largest listed miner in the world a year earlier, Trott implemented a strategy of simplification that aimed to reduce the company into three core businesses. He also focused on the most profitable assets. In a few months, he had already run the numbers for a possible $200 billion mega-merger.
BP sells Gelsenkirchen Refinery to BP as the overhaul continues
BP completed the sale of its Gelsenkirchen refining plant to Klesch Group. The oil major expects a?$1?billion reduction underlying 'operating expenses as it simplifies its operation. The London-listed firm has implemented sweeping changes in the last year to improve profitability. It is pursuing a new strategy after an ill-fated venture into renewables. BP announced last week that they 'want to sell their North Sea assets. The value of the 'Gelsenkirchen' deal was not disclosed. However, BP stated that the transaction increases?free?cashflow and transfers assets and liabilities relating to Klesch.
Investors make a bigger push to support campaigns in H1 and seek out more M&A
Barclays data shows that activist investors increased the pace of campaigning in the first half 2026. Their main?demand' was to have businesses sell themselves in a rebounding market. According to data, between January and June, activists like Elliott Investment Management and Jana Partners launched 136 campaigns globally, an increase of 5% from the previous year. The data revealed that while the first quarter was sluggish, following a record of 256 campaigns for 2025, second-quarter activity exploded with 74 campaigns. Starboard Value has a stake and is urging changes in AI-software manufacturer Dynatrace, while Elliott bought a position in Bio Rad Laboratories.
Cypress Creek Secures $3.5 Billion for One of the largest US Solar, Storage Projects
Cypress Creek Energy, a power producer in the United States, announced on Thursday that it had secured $3.5 billion for what it described as one of the biggest?solar- and battery storage?developments?in?the United States. According to Cypress, the financing will be used to support the first and second phases of Arkansas Steel River Energy Center. This includes adding 1,63 gigawatts (GW) of solar power, as well as 1.9 Gigawatt-hours (GBH) of battery storage, into?the regional power grid. Long-term power sales are secured by a "virtual power purchasing agreement". The U.S.
EagleRock, a land management company, raises $320 million through its US IPO
EagleRock, an American land and resource management firm that collects royalties and fees for oil and gas production in the Permian basin on the lands it controls, raised $320.1 million on Wednesday through its initial public offering. The Houston-based firm sold 17.3 millions shares at $18.50 each, hitting the mid-point in its range of $17-$20 per share. The U.S. IPO Market has experienced a modest rebound but a long-term conflict in the Middle East continues to be a factor that affects its stability. The IPO comes at a time of Middle East tensions that have pushed crude oil prices over $100 a barrel. This has boosted the appeal of U.S. Energy assets.
Europe's first-quarter earnings are a mixed bag for consumers and growth.
A majority of European companies have reported their first-quarter earnings. As a result, the corporate profits will rise faster than ever in three years. This is due to strong growth from the financial and energy sectors. As the war drags on, concerns are growing for consumers. According to LSEG I/B/E/S earnings in Europe are expected to be up 10.2% for the first quarter based on results?of the companies who have already reported and estimates of those that still have to report. This would be the 'fastest?growth rate in the first quarter since 2023. Despite the Iran War severely disrupting energy supplies around the world and threatening global growth and inflation prospects.
Fervo Energy raises US $1.89 billion through its IPO
Fervo Energy, a developer of geothermal energy, announced on Tuesday that it raised $1.89billion in its enlarged U.S. IPO. This shows the strong investor interest for this listing. Houston-based company sold 70 million shares at $27 each, securing an estimated valuation of $7.66 billion. Price range increased earlier this week from $21-$24 to $25-$26 per share. The soaring demand for data centers to support artificial intelligence tasks is tightening the U.S. electricity supply. This, combined with rapid electrification in transportation, housing, and other industries has increased the price of electricity and the need for reliable energy.
Eni's Geliga-1 discovery has strong test results off Indonesia
Eni, the Italian energy company, announced on Thursday that its Geliga-1 gas find?offshore Indonesia had produced strong test results. These confirmed high reservoir productivity as well as a potential for fast-track development. Eni holds a 82% stake in the discovery, which is located within Ganal PSC. Sinopec, a Chinese company, holds the remaining 18%. The Ganal PSC will be included in a portfolio consisting of?19 blocks, 14 in Indonesia and 5 in Malaysia. These blocks will be transferred to Searah - the company controlled jointly by Eni and Malaysian Petronas.
EagleRock, a Permian landowner, is aiming for a valuation of $2.6 billion in the US IPO
EagleRock, a land management company in the United States that aims to tap into renewed investor interest in the energy sector, is aiming for a valuation of up to $2.6 Billion in its initial public offering. The Houston-based firm said that it aimed to raise $346 million through the IPO, by selling 17.3 million shares at a price between $17 to $20 each. After a brief lull in the first half of the year, signs of easing geopolitical conflict in the 'Middle East' encouraged companies to file for IPOs. According to Renaissance Capital which offers IPO focused research and ETFs, energy companies tend to go public in 'clusters', driven by similar macroeconomic factors.
Halliburton reports higher costs due to the Iran War as its first-quarter profits exceed estimates
U.S. oilfield service provider Halliburton warned that disruptions due to the Iran War and the closure of the Strait of Hormuz would reduce current-quarter earnings by 7 to 9 cents per share, after exceeding first-quarter profit estimates. The?Strait of Hormuz' is a major global energy chokepoint. On Tuesday, the company reported that rerouting had increased logistics costs and the conflict has also raised raw material prices. Halliburton launched its global oilfield services provider results amid investor attention on potential gains from repairs to the infrastructure in the area, which Rystad Energy estimated could be worth up to $58 billion.
Fervo Energy reports revenue growth in US IPO filing
Fervo Energy filed paperwork on Friday to?file for an initial public offering in the United States. The geothermal developer is seeking to tap into the capital markets amid rising energy prices. The Houston-based company reported a loss of 57.8 millions dollars on revenues of 138,000 dollars for the fiscal year ending December 31, 2025. This compares to a loss of 41.1 million dollars on revenues of 199,000 dollar a year ago. Since the Iran War began, several energy companies have tapped the equity and debt capital'markets, hoping to take advantage of the rise in oil prices. As technology companies increase their data-processing capacities, so does the electricity consumption.
EagleRock, a land management company, has disclosed a rise in revenue in its US IPO filing
EagleRock Land, a land management company, reported a 'higher revenue per year in paperwork filed on Thursday for an initial public offering in the United States. The company is positioning itself as a 'rare IPO in energy amid renewed investor interest in the sector. Houston-based company reported a loss of $73.1m for the fiscal period ended December 31st, compared to $1.1m a year ago. The company's revenue increased from $17.7 to $72.2. The IPO is coming at a time when?U.S. Oil and gas listings are scarce after years of caution from investors, even as rising crude prices and disruptions to the Strait of Hormuz drive interest in energy assets.
Analysts say that the Iran war could threaten Exxon TotalEnergies' production
Analysts said that Exxon Mobil and TotalEnergies are the three companies most exposed to disruptions of oil and gas production due to the U.S./Israel war against Iran. Energy sector has been shook by the U.S.-Israeli'strikes' on Iran on Saturday that killed Iran's Supreme Leader Ayatollah Khamenei. The conflict forced some oil and natural gas fields to close in the area and has effectively stopped shipping through the Strait of Hormuz. This is an important waterway that connects Iran and Oman, through which tankers transporting crude oil, fuel, and liquefied gas are transported on their way from Middle Eastern producers and refiners.
OPEC+ discusses oil production boost as US war against Iran disrupts shipments
Two OPEC+ source said that OPEC+ would consider a bigger-than-expected 'oil production increase' on Sunday. This is after the U.S. and Israel war against OPEC+ Member Iran, as well as Tehran's retaliation caused?shipment disruptions throughout?the Middle East. OPEC+ is known for boosting oil production to compensate for disruptions, but analysts say the group has little capacity left to add meaningfully to the supply. The exceptions are Saudi Arabia and United Arab Emirates. Riyadh increased oil production and exports during the last few weeks to prepare for U.S. Sources have confirmed that the U.S. is planning to strike Iran.