Finance and Investing News for Middle East


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I Squared Eyes Full Ownership of Europe Gas Storage Firm Share your comments
Rubis Terminal is one of the leading players in Europe in the bulk liquid and gas storage sector with 141.26 million cubic feet (4 million cubic meters) of storage capacity.
6:00 AM EST | March 18, 2024
BP Pulse Buys One of Europe's Largest Truck Stops Share your comments
BP Pulse acquired the Ashford International Truckstop in Kent.
4:23 AM EST | March 18, 2024
Bahrain Oil Field Wins USA Financing Despite Biden Climate Vow Share your comments
The U.S. Export-Import Bank voted to provide a $500 million loan guarantee for an oil and gas development in Bahrain.
8:00 AM EST | March 16, 2024
Chevron Oil Project in Kazakhstan to Cost $48.5B Share your comments
A major development led by Chevron to boost oil output at Kazakhstan's Tengiz field will cost about $48.5 billion.
3:00 AM EST | March 15, 2024
Record Influx of USA Crude Hits Day to Day Oil Markets in Europe Share your comments
Physical oil markets in Europe are weakening - quashing a rally.
5:00 PM EST | March 14, 2024
Kimmeridge Sends New SilverBow-KTG Merger Proposal After Rebuffs Share your comments
Under the terms of a proposal sent to the board, Kimmeridge would contribute the KTG assets to SilverBow in exchange for 32.4 million shares priced at $34 per share.
10:00 AM EST | March 14, 2024
Saudi Arabia Is in Talks to Add Top Wall Street Banks to Aramco Share Sale
Proceeds from a new offering could help fund big initiatives by Crown Prince Mohammed bin Salman to diversify the economy away from oil.
10:00 AM EST | March 14, 2024
Eni Completes Sale of Congo-Brazzaville Oil Assets to Perenco Share your comments
The offloaded upstream assets are 'non-core to the Company strategy in the Country'.
3:27 AM EST | March 13, 2024
EIB Funds Sunfire to Bring Its Electrolysis Tech to Serial Production Share your comments
The EIB signed its first agreement with Sunfire worth up to $109.2 million To support the innovative electrolysis technologies needed for Europe`s green transition.
3:31 AM EST | March 12, 2024
Petrobras Plans to Return Nearly 60 Pct of 2023 Profit to Investors Share your comments
Petrobras recorded its second highest annual net income, raking in $24.9 billion for 2023, and plans to distribute 58.1 percent of that as dividends.
3:09 AM EST | March 12, 2024
Talos Closes Acquisition of QuarterNorth Share your comments
Further, Talos appointed QuarterNorth's designee Joseph Mills to its board of directors.
10:00 AM EST | March 11, 2024
Aramco Posts Another Record Year with $121B Profit Share your comments
Aramco recorded its second highest ever annual net earnings.
2:30 AM EST | March 11, 2024
TotalEnergies to Acquire Operatorship of Another Block in Orange Basin Share your comments
TotalEnergies signed a deal to acquire operatorship of Block 3B/4B, a license adjacent to its operated DWOB block on the South African side of the Orange Basin.
2:30 AM EST | March 11, 2024
Total Energy Unit Closes Acquisition of Saxon Share your comments
The acquisition of Saxon increases Savanna Australia's land drilling rig fleet to 16 rigs.
6:00 AM EST | March 08, 2024
Chevron Joins Funding Round for Quantum Computing Provider Share your comments
OQC's technology provides 'several potential groundbreaking opportunities for the energy sector'.
3:00 AM EST | March 08, 2024
Saudi Arabia Moves $164B Aramco Stake to Wealth Fund Share your comments
Saudi Arabia's government transferred a further $164 billion stake in Aramco to the Public Investment Fund.
4:00 PM EST | March 07, 2024
Fervo Raises $244MM for Advanced Geothermal Energy Project Share your comments
Fervo secured $244 million in funding to support operations at a Utah project that aims to demonstrate the adaptability of oil and gas technology into geothermal energy.
12:30 PM EST | March 07, 2024
Enbridge to Invest in Midstream Expansion, Pipelines Share your comments
'These accretive investments provide near-term growth in the U.S. Gulf Coast and set the stage for the future expansion through high quality partnerships and embedded organic opportunities'.
9:00 AM EST | March 07, 2024
Nigeria Announces Measures to Bolster Oil and Gas Investment Share your comments
Nigeria introduced new measures aimed at revamping investment in the country's oil and natural gas sector.
9:00 AM EST | March 07, 2024
Hedge Funds Bet Chevron Overcomes Exxon Move to Close Hess Deal Share your comments
Hedge fund managers that wagered billions on Chevron's October deal to buy Hess Corp. are sticking to their bets.
4:00 PM EST | March 06, 2024
Vaalco to Acquire Svenska for $67MM Share your comments
Vaalco expands its West African footprint with the acquisition of Stockholm-based Svenska.
1:30 AM EST | March 06, 2024
Bonterra Closes Acquisition of Charlie Lake Asset Share your comments
Bonterra Energy Corp. has closed the acquisition of an undeveloped Charlie Lake asset prospective for light oil, comprised of 79 net sections of land in Bonanza, Alberta.
11:00 AM EST | March 05, 2024
Sitio to Acquire Net Acreage in DJ Basin for $150MM Share your comments
The transaction enhances the Denver-based company's Denver-Julesburg (DJ) Basin footprint.
9:00 AM EST | March 05, 2024
BW Energy Posts 80 Percent Jump in Annual Profit Share your comments
BW Energy reported an annual net income of $81 million.
2:00 PM EST | March 04, 2024
NRG Energy Posts $202MM Net Loss Share your comments
NRG did end 2023 with $482 million in net profit for Q4.
12:30 PM EST | March 04, 2024
Civitas Posts Higher Q4 Earnings Share your comments
Civitas reported a net income of $302.8 million for the fourth quarter.
6:00 AM EST | March 03, 2024
Devon Sees Slight Drop in Q4 Profit but Hits Operating, Spending Targets Share your comments
Devon reported $1.15 billion in net income for the fourth quarter.
12:30 PM EST | March 01, 2024
APA Hurdles Regulatory Waiting Period for Callon Acquisition Share your comments
'Assuming both APA and Callon shareholder approvals are obtained, the closing of the acquisition is expected to occur on or about April 1, 2024'.
3:00 PM EST | February 29, 2024
EOG Misses Estimates Despite Production Increase Share your comments
The company's adjusted net income for the fourth quarter of 2023 was $1.78 billion, or $3.07 per share, compared to $1.94 billion, or $3.30 per share, in the previous-year quarter.
9:00 AM EST | February 29, 2024
New Saudi Fund to Invest Over $230MM in Repsol-EIG JV Share your comments
The investment 'creates a unique opportunity to acquire a large-scale portfolio with a production capacity of [approximately] 600,000 barrels of oil equivalent per day'.
4:00 AM EST | February 29, 2024
Solaris Annual Profit Up Share your comments
Solaris reported $39 million in net income for 2023.
3:04 AM EST | February 29, 2024
ExxonMobil to Sell Assets in Ursa Field to Esperanza Share your comments
Newcomer Esperanza has entered a deal to acquire ExxonMobil's assets in the Ursa field in the U.S. Gulf of Mexico.
2:30 PM EST | February 28, 2024
Woodside Sees 74 Percent Fall in Annual Profit Share your comments
Woodside reported $1.7 billion in net profit for 2023, down 74 percent compared to 2022 as weaker oil and gas prices and higher costs offset increased sales and production.
2:24 AM EST | February 28, 2024
Santos Secures $220MM Funding for Moomba CCS Share your comments
The financing will be used to cover Moomba project costs incurred to date and will be tapped as the project progresses to the first injection, targeted for mid-2024.
12:59 AM EST | February 28, 2024
NOG Earnings Grow as Production Hits Record Highs Share your comments
NOG reported a fourth quarter net income of $388.9 million.
12:30 PM EST | February 27, 2024
Serica Closes GBA Stake Acquisition from Jersey Oil Share your comments
The transaction provides Serica with the option of participating in the re-development of the Buchan field and other potential projects in the Greater Buchan Area.
4:00 AM EST | February 27, 2024
Hexicon to Take Full Ownership of MunmuBaram Floating Offshore Wind Project Share your comments
Hexicon has entered a transaction to take full ownership of the MunmuBaram project off the coast of Ulsan City.
3:43 AM EST | February 27, 2024
Suncor Posts Record Production Figures Share your comments
Suncor reported $2.1 billion in net profit for the fourth quarter with higher volumes offsetting lower oil and gas prices.
3:29 AM EST | February 27, 2024
BP Moving Toward Bigger O&G Investment in Policy Shift: Investors Share your comments
BP is showing signs of a pivot back toward oil and gas but is doing it too quietly to benefit its share price, according to Bluebell Capital Partners.
3:21 AM EST | February 27, 2024
Chord Posts Lower Earnings, Agrees to Merge with Enerplus Share your comments
Chord has agreed to a $11 billion merger with Enerplus.
3:00 PM EST | February 26, 2024
Enerplus Earnings Hit by Lower Production and Prices Share your comments
Enerplus reported $116.7 million in net profit for Q4 2023.
2:00 PM EST | February 26, 2024
CenterPoint Meets Estimates for Fourth Quarter Share your comments
CenterPoint reported non-GAAP earnings of $0.32, a 14 percent increase compared to the same period in 2022.
9:00 AM EST | February 26, 2024
Cheniere Annual Profit Up Share your comments
The major LNG producer posted $9.9 billion in net profit for 2023 thanks to a favorable change in the fair value of its derivative contracts.
2:00 AM EST | February 26, 2024
Marathon Oil Sees Annual Profit Halved Share your comments
Marathon Oil posted $1.5 billion in net profit for 2023.
5:00 AM EST | February 23, 2024
Adnoc Inches toward Improved Bid for Covestro: Sources Share your comments
Adnoc is inching toward an improved bid after finding a potential way to resolve the impasse over its $12.1 billion pursuit of Covestro.
2:52 AM EST | February 23, 2024
Sage Geosystems Raises $17MM in Funding for Geothermal Facility Share your comments
Houston-based Sage Geosystems has raised $17 million in Series A funding, which will finance the company's three-megawatt commercial geopressured geothermal facility facility to be constructed in Texas.
2:00 PM EST | February 22, 2024
Repsol Pledges EUR 10 Billion in Attempt Win Over Investors Share your comments
Repsol SA will increase its dividend by 29 percent and buy back more shares.
9:00 AM EST | February 22, 2024
OEG Completes MCS Acquisition Share your comments
'This strategic acquisition will facilitate further expansion of OEG Renewables' service offering and operating footprint in the growing European offshore energy market'.
2:12 AM EST | February 22, 2024
Venezuela's State Oil Company Bonds Collapse After Court Ruling Share your comments
Bonds from state-owned Petroleos de Venezuela SA collapsed after New York State's top court ruled Venezuelan law will determine whether the debt is valid.
4:00 PM EST | February 21, 2024
Benchmark Energy to Acquire 470 Wells in Anadarko Share your comments
The acquisition is anticipated to expand Benchmark's portfolio, adding approximately 140,000 net acres in the prolific Western Anadarko Basin.
9:00 AM EST | February 21, 2024
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