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(Reuters) – Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people with knowledge of the matter told Reuters on Saturday. Saudi Arabia has been seeking to lure international investment to pour tens of billions of dollars into projects to diversify away from its reliance on oil. Yet …
Over Half of Aramco Share Sale allocated to Foreign Investors, Sources Say Read More »
Canada’s biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies’ CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell appeared via videolink before a House of Commons committee to answer questions on their efforts to cut …
Saudi Arabia is set to raise more than $11.2 billion after pricing its offering of Aramco stock toward the lower end of the targeted range, the Wall Street Journal reported on Thursday. Saudi Aramco’s bankers have told investors it plans to price the shares at 27.25 Saudi riyals, or $7.27 each, according to the report. …
Saudi Arabia Set to Raise More Than $11.2 Bln from Aramco Stock Offering – WSJ Read More »
Summary Russia defends OPEC+ oil pact, but ready to react UAE minister calls countries making voluntary cuts the ‘Great 8’ OPEC head rejects criticism over oil deal, says demand is good (Reuters) – OPEC+ could tweak its latest oil output agreement which calls for some output cuts to be reversed later this year if needed …
OPEC+ Could Tweak Oil Pact if Needed, Ministers Say Read More »
Three British energy companies have decided to delay by a year the planned start of oil production at their joint-venture oilfield in the North Sea, citing the need for clarity on the fiscal policies of the next government. Jersey Oil and Gas, which owns 20% of the Buchan field, gave the update on Wednesday on …
North Sea Firms Postpone Oilfield Opening After Early UK Election Called Read More »
An open letter asserts that the pipeline project involved a “campaign of violence” against the Wet’suwet’en people Bloomberg News Some Indigenous leaders in Canada are asking investors not to buy bonds issued by a natural gas pipeline company that’s marketing the country’s largest-ever corporate debt deal. Hereditary Chiefs of the Wet’suwet’en First Nation said investors should shun the …
Indigenous Group Urges Boycott of Canadian Coastal GasLink Bond Deal Read More »
Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth quarter of 2024. Front-month Brent futures closed at $78 per barrel on June 3, the first day of trading following the OPEC+ ministerial meeting on …
OPEC+ Switches Strategy to Defend Market Share: Kemp Read More »
Chevron has resumed full liquefied natural gas (LNG) production at its Gorgon Gas facility in Australia after a temporary outage on June 3, a spokesperson said on Tuesday. “The outage was caused by a minor fault that was safely resolved and production has resumed,” the spokesperson said. This temporary outage came after one of the …
Chevron Australia Confirms Full LNG Production Has Resumed at Gorgon Gas Facility Read More »
(Reuters) – Countries’ climate plans are not yet in line with a goal to triple renewable energy capacity worldwide by 2030 which was set at the COP28 climate summit in Dubai last year, a report by the International Energy Agency (IEA) said on Tuesday. WHY IT’S IMPORTANT The target would involve increasing installed renewable energy …
Saudi Arabia kicked off a secondary share sale in oil giant Aramco on Sunday, a landmark deal that could raise up to $13.1 billion in a major test of international appetite for the kingdom’s assets. The banks on the deal will take institutional orders through Thursday and will price the shares the following day, with …
Saudi Arabia Kicks Off Landmark Aramco Share Sale to Raise up to $13 Billion Read More »
