CDN and International News - Today in Oil and Gas

Exxon Warns EU That Red Tape Might Push it to Invest Elsewhere, FT Reports

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 …

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Woodside Flags $1.2 Bln Charge Against Asset Bought Under BHP Merger

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 …

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Woodside Seeks Deals After Santos Failure in Push for LNG

CDN and International News, Energy Topics & Technology, Latest, Mergers and Acquisitions / By mark

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 …

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Oil & Gas Deals Are Powering the Global M&A Engine

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By mark

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 …

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Australia’s Woodside Is in Talks With Energy Transfer for U.S. LNG Supplies

CDN and International News, Conventional Energy, Latest, LNG / By mark

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 …

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INFOGRAPHIC: Ten Years of Natural Gas Flaring – ENERGYminute

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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 …

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Alberta’s Premier Smith Sees U.S. LNG Export Pause as Opportunity

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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 …

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Oil Investors are Adrift in Red Sea Rip Currents

CDN and International News, Conventional Energy, Latest, Oil / By mark

(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.) By George Hay and Yawen Chen LONDON, Feb 9 (Reuters Breakingviews) – Geopolitical tensions in the Middle East aren’t registering with the oil market. Two years ago this month, the price of a barrel of Brent crude rocketed 30% to $120 in the …

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Barclays to Adopt Fresh Curbs on Oil and Gas financing

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Barclays, Britain’s biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production. The move, part of its Transition Finance Framework (TFF), published on Friday, follows intense pressure from campaigners over its energy …

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Saudi Arabia to Hire Goldman, Citi, HSBC for Aramco Share Sale – Bloomberg News

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Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary share sale in Saudi Aramco, a deal that would raise about $20 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. The state oil company is also in talks with other banks as …

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