Sable Offshore Upsizes Public Offering by 28% to $257MM
Sable Offshore’s upsized offering represents an increase of approximately 28.25% in value from its previously announced $200 million stock offering.
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Solar Stocks Plummet After Trump’s Tax Bill Advances in US House
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 …
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BP Seeks Buyers for Castrol Lubricants Unit to Reach $20 Billion Divestment Goal, Sources Say
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 …
The Biggest US Oil Field Is at Risk of Poisonous Water Leaks, Texas Warns
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 …
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Rubio Says Venezuela Oil License to End, in Setback for Chevron
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 …
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Deutsche Bank Hits Pause on New Oil Curbs, Citing Legal Risk
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 …
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Kissler: Traders’ Global Oil Plan? ‘Wait and See’
Lower pump prices are in the consumer’s favor in the short term, but in the long term … it’s complicated.
BP Seeks Buyers for Castrol Lubricants Unit to Reach $20B Divestment Goal, Sources Say
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.
Iran’s Revolutionary Guards Warn Israel Against Any Attack
(Reuters) – Israel will receive a “devastating and decisive response” if it attacks Iran, Tehran’s Revolutionary Guards said on Thursday, days after CNN reported U.S. intelligence suggesting Israel was making preparations to strike Iranian nuclear facilities. “They are trying to frighten us with war but are miscalculating as they are unaware of the powerful popular …
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OPEC+ Discusses Making Another Large Output Hike in July
(Reuters) – OPEC+ members are discussing whether to agree on another large production increase at their meeting on June 1, Bloomberg News reported on Thursday. An output hike of 411,000 barrels a day (bpd) for July is among the options under discussion, although no final agreement has yet been reached, the report said, citing delegates.