Pipeline operator Energy Transfer said on Tuesday it would buy WTG Midstream Holdings in a deal valued at about $3.25 billion as the pipeline operator looks to expand its gas transportation and processing network in the Permian Basin. It would acquire WTG from affiliates of Stonepeak, the Davis Estate and Diamondback Energy. The deal will …
Energy Transfer to Buy WTG Midstream in $3.25 Billion Deal Read More »
Hess Corp shareholders will vote on Tuesday on Chevron’s proposed $53 billion acquisition of the company, after many investors have called for a delay in hopes of obtaining a better offer for their shares. The vote has huge implications for both companies. The deal has been stalled in part by a regulatory review and clouded …
Hess Investors to Vote on Chevron Deal Amid Growing Postponement Calls Read More »
Bloomberg Australia’s leaders like to portray the nation as a trailblazer in the energy transition, touting a solar buildout that has installed panels on almost one in three rooftops and rapid growth in battery storage. The more valuable lesson, though, may be in its struggle with coal. Eraring, the country’s largest power plant, burns through as much as 6 million …
Coal’s Australian Reprieve Is an Energy Transition Reality Check Read More »
(Reuters) – Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics office (SSB) survey showed on Tuesday. The country’s biggest business sector now expects to invest 246.9 billion Norwegian …
Norwegian Oil Companies to Make Record High Investments in 2024 Read More »
Texas’ daily power consumption set a record for the month of May for the fifth time this month, the state grid operator said on Monday, as homes and businesses fired up air conditioners during a heat wave. The Electric Reliability Council of Texas (ERCOT), which operates most of the state’s power grid for 27 million …
Texas Daily Power Demand Sets Record for May Consumption Read More »
Petrobras’ new chief executive said a basin in Brazil’s Equatorial Margin, an environmentally sensitive offshore prospect seen as the country’s most promising frontier for oil exploration, was a matter of “national interest.” Magda Chambriard, who took over as the state-controlled oil company’s chief executive after President Luiz Inacio Lula da Silva fired its former CEO …
New Petrobras CEO Pushes Offshore Oil Prospect as Matter of ‘National Interest’ Read More »
CALGARY — A new report commissioned by an industry lobby group on the federal government’s proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday. The report, by S&P Global Commodity Insights, was commissioned by the Canadian Association of Petroleum Producers to examine the impact of various …
(Reuters) – A group of around 40 large European and American institutional investors on Tuesday urged companies to refrain from taking shareholders to court over disagreements relating to their proposals. The group, which represents $4.4 trillion in assets under management, highlighted the lawsuit filed by Exxon Mobil against two activist groups, in which the oil company seeks to …
Highlighting Exxon Suit, Investors Urge Firms to Keep Shareholder Spats Out of Court Read More »
Summary Summer fuel demand hopes support prices Higher-for-longer US interest rates seen limiting gains OPEC+ meets on June 2 to set output policy (Reuters) – Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong U.S. summer fuel demand balanced concern …
Oil Steadies as OPEC+ Restraint Balances Interest Rate Concerns Read More »
Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.
