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(Reuters) – Spanish oil company Repsol will hand shareholders up to 10 billion euros ($11 billion) via dividends and buybacks through 2027 as it pushes forward with its pivot to renewable energy and biofuels, it said on Thursday, driving its shares up. The Spanish firm joins other big oil companies offering record returns to shareholders despite a steep …
Repsol to Return Up to 10 Billion Euros to Shareholders by 2027 Read More »
Reuters (Reuters) – Siemens Energy is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group’s annual general meeting (AGM). “The losses we incurred in our wind business and the underlying problems are unacceptable. We will …
Siemens Energy CEO: Fixing Onshore Wind Business Will Take Years Read More »
Compensation talks were under way following the expropriation earlier this month of a plant at a major Mexican oil refinery that was sold to France’s Air Liquide several years ago, the company’s chief executive said on Tuesday. Mexico’s energy ministry announced the expropriation of the hydrogen plant at the Tula refinery, owned and operated by …
After Plant Expropriation in Mexico, Air Liquide Says Compensation Talks Under Way Read More »
ExxonMobil has warned it would withhold billions of dollars in climate-related investments in Europe unless Brussels cuts environmental red tape, which the company blames for the “deindustrialisation of the European economy”, the Financial Times reported on Tuesday. Exxon had $20 billion set aside for decarbonisation projects between 2022 and 2027, the newspaper reported, citing an …
Exxon Warns EU That Red Tape Might Push it to Invest Elsewhere, FT Reports Read More »
Woodside Energy, Australia’s largest energy firm, flagged a non-cash post tax-asset impairment of around $1.2 billion from its Shenzi oil and gas field in its 2023 fiscal earnings, sending its shares down to close at a two-month low on Thursday. Woodside had acquired the Shenzi deepwater oil and gas fields in the Gulf of Mexico …
Woodside Flags $1.2 Bln Charge Against Asset Bought Under BHP Merger Read More »
CEO Meg O’Neill focused on LNG in Australia, North America She is not averse to Middle East deals, including with Aramco Woodside Energy Group Ltd. remains open to acquisitions following a failed attempt to merge with Santos Ltd., as it looks to grow the liquefied natural gas business. “We will keep the door open to a …
Woodside Seeks Deals After Santos Failure in Push for LNG Read More »
Bloomberg Drilling for deals The oil and gas sector has been one of the few in which you haven’t had to drill too deep for good M&A news during the global deals slump. Whether you’re looking over three, six or 12-month periods, year-on-year increases in the values of transactions involving oil and gas companies look …
Oil & Gas Deals Are Powering the Global M&A Engine Read More »
Woodside also weighs supply from other US projects, people say Energy Transfer is developing Lake Charles plant in Louisiana Australia’s Woodside Energy Group Ltd. is in talks to buy liquefied natural gas from several US export terminals, including Energy Transfer LP’s Lake Charles project in Louisiana, according to people familiar with the matter. Lake Charles, which isn’t yet …
Australia’s Woodside Is in Talks With Energy Transfer for U.S. LNG Supplies Read More »
By Aaron Foyer Global gas flaring is the process of burning off unwanted natural gas in the atmosphere during oil and gas production. This practice occurs for a variety of reasons, including safety, lack of infrastructure to capture the gas, regulatory practices, or economic factors. Gas flaring has significant environmental and economic implications. Environmental Impact …
INFOGRAPHIC: Ten Years of Natural Gas Flaring – ENERGYminute Read More »
Smith pushes to expand LNG exports during Washington visit Canada’s first LNG export plant scheduled to start in 2025 Bloomberg President Joe Biden’s decision to pause approval of new liquefied natural gas export licenses is an opportunity for Canada as the country prepares to start exporting the fuel, Alberta’s premier said. “I note, with interest, that …
Alberta’s Premier Smith Sees U.S. LNG Export Pause as Opportunity Read More »
