Monday, December 23, 2024

Energy Deals News

Putin told Scholz that Russia was willing to explore energy cooperation.

In their first telephone conversation since December 20,22, President Vladimir Putin said to German Chancellor Olaf Scholz that Russia would be willing to consider energy deals with Berlin if it was interested. The report said that the two men exchanged "detailed views and opinions" about Ukraine…

Drill, baby, drill in Argentina's Vaca Muerta shale lands!

Argentina's new, market-friendly government, and concerns about oil supplies from the Middle East, and elsewhere, are driving a boom in drilling and production in the Patagonian South, which is home to the giant Vaca Muerta shale, Spanish for "Dead Cow". In the flat…

US energy deals fall to $12 billion in Q3 after a year-long frenzy

Enverus, a leading analytics firm, said that U.S. oil deals slowed dramatically in the last quarter as a result of fewer firms being offered and a consolidation wave lasting ten months. Andrew Dittmar, principal analyst at Enverus Intelligence research, reported that the quarter ending Sept.

World's Largest Wealth Fund Cites Paucity of Good Green Energy Deals

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While societal, political and corporate pressure continue to push innovation on renewable energy, the world's largest wealth fund is apparently having trouble identifying good investment deals in the sector.Norway's $1.1 trillion sovereign wealth fund, the world's largest…

India and Russia Sign Energy Deals

India and Russia have agreed on a five-year roadmap to step up cooperation in the hydrocarbon sector, including investment, not only in exploration and production in each other's oil and gas fields but also in downstream projects.India invited Russian companies…

ReNew Power Buys Ostro Energy

Photo: ReNew Power

ReNew Power, backed by Goldman Sachs and Canada Pension Plan Investment Board (CPPIB), said on Monday it has acquired Ostro Energy Private Ltd, backed by London-based Actis LLP, in one of India's biggest renewable energy deals. ReNew did not disclose financial details…

Norway's Scatec Solar Says Three Projects Caught in South Africa Row

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Three solar plants planned by Norway's Scatec Solar were among 27 energy deals blocked by a South African court on Tuesday when it agreed to hear a legal challenge by a group loyal to ousted President Jacob Zuma, the firm said on Thursday. State utility Eskom had been due to sign the 27 deals…

Unafraid Investors Pour Cash into U.S. Shale

Financiers keep pouring cash into the shale oil sector, providing producers with a path to keep U.S. output rising through the middle of the next decade. The United States is on track to deliver up to 80 percent of the world's oil production gains through 2025…

Alaska Eyes Foreign Capital to Jump-start Energy Projects

Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries while struggling to compete with lower-cost shale projects and reverse a decades-long output decline. Sovereign wealth funds, banks and state-owned energy companies have met with Alaskan officials…

U.S. Windfarm Builder says Poland Violated Contracts

U.S. company Invenergy LLC, which says it has spent more than $600 million building windfarms in Poland, said on Monday it had written Poland's president to say it was formally in dispute with the government over state companies failing to honour contracts.

Buyers Eye Sinopec's Argentina Oil Assets

Sinopec's Argentine assets worth about $750 mln-$1 bln; Sonangol, Rosneft among potential suitors. Advisers to China's Sinopec have offered its oil assets in Argentina to about a dozen potential suitors, three sources familiar with the matter said, as losses…

China, Saudi Arabia Mull Billions in Energy Deals

King seeking investments after launching reforms; Saudi Arabia, China looking at refinery, petrochemical projects. Saudi Arabia's King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing on Thursday, as the…

Energy Deals Elusive Despite $110 bln in Assets on the Block

Energy companies, including some of the world's biggest, could be forced to slash prices of more than $110 billion worth of assets they want to sell after dealmaking in oil and gas fields ground to a halt due to the volatile crude market. The values that buyers and sellers assign to assets…

Siemens, Iraq Sign MoU for Energy Modernization

German industrial group Siemens has signed a memorandum of understand with Iraq to modernize the Gulf country's energy infrastructure and oil and gas sector, it said on Thursday. "With this important agreement we intensify the long lasting partnership between Siemens and Iraq…

Indian Firms Plan to Sign Oil Deals with Rosneft

India plans to sign energy deals with Russian oil major Rosneft next week to buy stakes in Siberian fields, two sources privy to the deal said, as New Delhi accelerates a push to secure overseas energy assets. India, the world's third biggest oil importer,…

Canadian Energy Companies Sell "Jewels" to Keep Oil Sands Afloat

Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects. Companies including Husky Energy Inc…

Canadian Energy Sacrifice "jewels" to keep Oil Sands

Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects. Companies including Husky Energy Inc…

Shell, BG Shareholders Merger Vote in January

Royal Dutch Shell and BG Group shareholders are expected to vote on the merger of the two companies on Jan. 27 and 28, respectively, the firms said on Monday. Shareholder approval is the final remaining hurdle to clear Shell's takeover of its smaller rival…

Japan, Turkmenistan Sign Chemical, Energy Deals

Japan and Turkmenistan on Friday signed deals worth over $18 billion on a package of projects in the energy-rich central Asian nation, which has become an important supplier of natural gas to China. Turkmenistan, a reclusive nation of 5.5 million, holds the world's fourth-largest reserves of natural gas.

Exxon's Planned Expansion in Texas Points to Pickup in Energy Deals

Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday said it signed two agreements to drill on 48,000 acres in Texas' Permian Basin, in a transaction that suggests the frozen energy deals market is thawing. A 60-percent slump in crude…