Touchstone Exploration agreed to purchase 100% of the share capital of Shell Trinidad Central Block Ltd., which holds a 65% participating interest in the onshore Central Block E&P license in Trinidad.
Global LNG pricing enters a new era as producers shift away from Henry Hub to international pricing benchmarks such as the Japan Korea Marker.
Sable Offshore’s upsized offering represents an increase of approximately 28.25% in value from its previously announced $200 million stock offering.
By Vallari Srivastava May 22 (Reuters) – Shares of U.S. solar companies fell sharply on Thursday after the House of Representatives advanced President Donald Trump’s sweeping tax and spending bill, which may end numerous green-energy subsidies that have supported the renewable energy sector. Sunrun (RUN.O) led the market rout, with shares falling nearly 41% in …
Solar Stocks Plummet After Trump’s Tax Bill Advances in US House Read More »
By Andres Gonzalez BP hired Goldman Sachs to sell Castrol, sources say BP is under investor pressure, sources say BP has tapped potential private equity, strategic investors, sources say Company is working on more divestments, partial sale renewables LONDON, May 22(Reuters) – BP (BP.L) has kicked off the sale of its more than a century-old …
Wastewater disposal in the Permian Basin is boosting pressure underground, threatening to hinder oil production By Kevin Crowley and David Wethe Produced water gushes out of the ground a geyser in Toyah, Texas, on Wednesday, Oct. 2, 2024 in Toyah, Texas. Photographer: Elizabeth Conley/Houston Chronicle/ Getty Images Texas regulators are warning that wastewater from fracking …
The Biggest US Oil Field Is at Risk of Poisonous Water Leaks, Texas Warns Read More »
By Yongchang Chin and Crayton Harrison US Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended. The tighter time frame would put pressure on Chevron Corp.’s operations in the sanctioned nation. The US oil giant has …
Rubio Says Venezuela Oil License to End, in Setback for Chevron Read More »
By Arno Schuetze Deutsche Bank AG won’t move ahead with a plan to add restrictions on financing oil and gas, as it assesses the legal risks of doing so, according to its chief executive. “The legal environment has changed, and we are currently analysing this in detail in order to minimise potential risks for the …
Deutsche Bank Hits Pause on New Oil Curbs, Citing Legal Risk Read More »
Lower pump prices are in the consumer’s favor in the short term, but in the long term … it’s complicated.
BP has kicked off the sale of its more than a century-old Castrol lubricants business in a key step in the British energy group’s divestment plan to boost its share price.
