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The most recent oil and gas industry financial headlines.
Germany to Provide $2.3B Aid for Decarbonization of Industrial Sectors
Tuesday, April 16, 2024 - Germany received clearance from the European Commission for $2.3 billion in state support for projects to migrate industrial sectors from fossil fuels to renewable hydrogen, as well as projects to electrify industrial processes.
Chile's ENAP Says Working on Decarbonization Plan
Tuesday, April 16, 2024 - ENAP's decarbonization plan will adopt targets for 2035 and 2050.
USA Regional Banks Dramatically Step Up Loans to Oil and Gas
Tuesday, April 16, 2024 - A group of U.S. regional banks is ratcheting up lending to oil, gas and coal clients.
Japan's Mizuho Invests $3.64MM in Bison's CCS Project in Alberta
Monday, April 15, 2024 - Bison's Meadowbrook CCS Hub project, located near Edmonton, Alberta, aims to develop a world-scale storage operation with a capacity of three million tons of CO2 per annum.
Colombia's GeoPark to Acquire Stakes in Argentina's Neuquen Basin
Friday, April 12, 2024 - The agreed acquisition price is around $200 million, plus an additional carry of $110 to 120 million over a two-year period, associated with certain exploration activities.
Woodside Reconsiders Sale of Macedon, Pyrenees Assets
Friday, April 12, 2024 - The Australian integrated energy company started a process in the second half of 2023 to consider the potential for divestment of its interests in the assets.
Diamondback Sells $5.5B of Bonds for Endeavor Deal
Wednesday, April 10, 2024 - Diamondback Energy borrowed $5.5 billion in the U.S. investment-grade market to partly help fund its $26 billion takeover of Endeavor Energy Resources.
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