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Shell Maintains Buybacks as Gas Growth Offsets Weaker Oil
Shell Plc kept up the pace of its share buybacks.
8:00 PM EST | October 30, 2024
As Crude Fades, Big Oil Must Borrow to Pay Investors
Share buybacks have become a cornerstone of Big Oil's strategy as the post-Covid commodities rally spurred record profits and provided an opportunity to court investors betting against a fast energy transition.
8:00 PM EST | October 27, 2024
Var Energi Makes FID on Balder Phase V in North Sea
The project aims to develop 33 million barrels of oil equivalent (MMboe) of gross proved plus probable (2P) reserves.
8:00 PM EST | October 25, 2024
Eni to Restructure, Inject New Capital into Biofuel and Chemical Units
The financial and operational restructuring for Enilive and Versalis involves new capital for both units and a farm-out of a quarter of Enilive's equity.
8:00 PM EST | October 24, 2024
Petronas Said to Have Asked Banks for Dollar Bond Proposals
This would be the Malaysian oil firm's first such sale in over three years.
8:00 PM EST | October 20, 2024
RNG Firm Secures $207MM Funding from Climate Firm
The funds will be used to develop facilities to convert landfill gas into RNG at Ohio landfills.
8:00 PM EST | October 17, 2024
Meta Pledges $35MM for Carbon Removal Projects
The pledge is a direct response to the Carbon Dioxide Removal Purchasing Challenge presented by the U.S. Department of Energy (DOE).
8:00 PM EST | October 17, 2024
US DOE Plans to Invest $1.5 Billion in Gevo SAF Project
'This valuable commitment to help finance NZ1, if finalized, should also attract other capital investments to unlock SAF commercialization given the robust due diligence conducted by the agency'.
8:00 PM EST | October 17, 2024
Utica-Focused Tiburon Secures Investment from Post Oak
Tiburon also closed on an initial acquisition of leasehold in the liquids rich portion of the Utica Shale play in Ohio.
8:00 PM EST | October 15, 2024
Current Renewables Growth to Fall Short of 2030 Target: Report
The report said that annual investment in renewable capacity needs to triple from $570 billion in 2023 to $1.5 trillion every year from 2024 to 2030 in order to keep the goal of 1.5°C attainable.
8:00 PM EST | October 13, 2024
Petrobras to Build $16MM Renewable Hydrogen Plant
The test plant is expected to start operating in the first quarter of 2026, Petrobras said.
8:00 PM EST | October 13, 2024
Iberdrola to Double Investment in UK to $31B
'This is a vote of confidence in the UK's clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero'.
8:00 PM EST | October 13, 2024
Chennai Petroleum in Talks to Raise $3.3B for Refinery
The funds will help build a proposed 9 million ton a year oil processing plant in the southern state of Tamil Nadu.
8:00 PM EST | October 12, 2024
Ecopetrol Said to Postpone $1.75 Billion Bond Sale amid Probe Involving CEO
Ecopetrol postponed an offer to sell $1.75 billion of dollar bonds after Colombia's electoral council launched an investigation involving the nation's president and the state oil driller's CEO.
8:00 PM EST | October 10, 2024
Italy's Sanpaolo, EIB Ink Deal Expected to Unlock $8.7B in Wind Investments
Following an earlier agreement with Deutsche Bank, the EIB has now deployed $1.1 billion of a $5.5 billion guarantees package for wind projects that it announced at COP28.
8:00 PM EST | October 10, 2024
UK Bets on Renewable Energy Storage Tech
'Unlocking investment in this important technology is another significant step towards decarbonization of the power system'.
8:00 PM EST | October 10, 2024
BP Sees Net Debt Rising in 3Q Amid Weak Refining
BP Plc expects its net debt to have risen in the third quarter.
8:00 PM EST | October 10, 2024
Israel's NewMed Energy Secures Local Funding for Gas Expansion Project
NewMed Energy secured new borrowings of up to $400 million from Israeli banks to be used for ongoing operations including an expansion project in the Chevron-operated Leviathan gas and condensate field.
8:00 PM EST | October 09, 2024
Santos Finalizes $800 Million Loans for Darwin LNG Life Extension Project
'With these facilities in place, Darwin LNG is well-funded to complete the life extension works scheduled for mid-2025 and it positions Darwin LNG to consider future expansion of this important infrastructure'.
8:00 PM EST | October 09, 2024
Ecopetrol Launches $1.75 Billion Bond Sale to Fund Buyback
Ecopetrol launched a $1.75 billion deal on international debt markets while moving to buy back bonds for the second time this year.
8:00 PM EST | October 08, 2024
Aker BP Raises $1.5 Billion in Debt Instrument Sale
Aker BP plans to use proceeds for 'general corporate purposes' and the redemption of outstanding notes due 2025 and 2026.
8:00 PM EST | October 07, 2024
Eni Secures Funding from UK for CCS Transport and Storage System
Eni will be the operator of the CO2 transport and storage system for HyNet.
8:00 PM EST | October 07, 2024
1PointFive Secures More DOE Funding for Sequestration Hubs
'Working in partnership with the Department of Energy supports our ability to rapidly progress our hubs and realize the potential of CCS to further climate goals'.
8:00 PM EST | October 07, 2024
Aramco Confirms $3 Billion Islamic Bond Issuance
This is Aramco's second bond sale this year, having raised $6 billion last July.
8:00 PM EST | October 03, 2024
Enbridge to Build Pipelines for BP's Kaskida in GOM
'The Canyon Oil and Gas pipelines offer an attractive opportunity for Enbridge to serve customers in the Gulf of Mexico and further expand our U.S. Gulf Coast footprint'.
8:00 PM EST | October 03, 2024
Australian Energy Firm Exits Major Hydrogen Project
'It has become clear that the hydrogen market is developing more slowly than anticipated, and there remain risks and both input cost and technology advancements to overcome'.
8:00 PM EST | October 03, 2024
Octopus Invests More in USA Solar, Allots $2.55B for UK Renewables
'We entered America's renewables market just three months ago and have big ambitions to build even more green power'.
8:00 PM EST | September 29, 2024
ING Halts Funding of Upstream Firms, LNG Terminals
ING said it will 'stop all new general financing to so-called pure-play upstream oil and gas companies that continue to develop new oil and gas fields,' effective immediately.
8:00 PM EST | September 26, 2024
Exxon Paid More Tax to UAE Than Any Other Country in 2023
Exxon Mobil Corp. revealed it paid $7.41 billion in taxes and royalties to the United Arab Emirates last year.
8:00 PM EST | September 25, 2024
Woodland Biofuels Invests $1.35B in RNG, H2 Facility in Louisiana
Commercial operations for the first phase are projected to start in 2028.
8:00 PM EST | September 19, 2024
NGIF Launches Contest for Firms Focused on Methane, CCUS, RNG
8:00 PM EST | September 12, 2024
Phillips 66 Seeks to Raise $1.8 Billion in Debt Instrument Sale
The downstream company entered into an agreement for an underwritten public offering of senior notes with a combined principal amount of $1.8 billion.
8:00 PM EST | September 11, 2024
Alberta invests $2MM in Waste-to-Energy Carbon Capture Facility
'The study is an important first step to realizing a large-scale municipal waste-to-energy facility with carbon capture and storage'.
8:00 PM EST | September 11, 2024
Danish Firm Opens Philippine Office, Eyes Further Renewable Investments
'We were granted Wind Energy Service Contracts for a 2 GW [gigawatt] portfolio of offshore wind projects and 300 MW [megawatts] of onshore wind'.
8:00 PM EST | September 11, 2024
Shell, Eni Invest in Carbon Capture Tech Using Molten Borates
Mantel Capture, Inc. has raised $30 million in Series A funding co-led by Shell Ventures and Eni Next.
8:00 PM EST | September 10, 2024
UK Renewable Auction Nets 131 New Projects, Including Offshore Wind
The results are a marked improvement on the previous auction round in 2023, which saw 92 projects delivered but no offshore wind projects.
8:00 PM EST | September 05, 2024
TotalEnergies Invests $444MM in Solar Project in India
TotalEnergies and AGEL have entered into an agreement to create a new joint venture with a 1,150 megawatt alternating current (MWac) solar portfolio in Khavda, Gujarat.
8:00 PM EST | September 03, 2024
TotalEnergies Invests $100MM in NA Sustainable Forestry Operations
TotalEnergies said the investment supports improved forest management (IFM) practices across a portfolio of 20 carbon projects, covering 300,000 hectares in 10 states across the USA.
8:00 PM EST | September 02, 2024
9 Energy Firms Support UK University's Energy Transition Research
The funding will aid the creation of a new research initiative focused on decarbonizing the oil and gas sector and advancing the shift to clean energy.
8:00 PM EST | September 02, 2024
Indian Refiner Bharat Petroleum in Talks for $3.8 Billion Loan
Bharat Petroleum is in talks with lenders to raise about INR 320 billion, in what could be the biggest local-currency loan in India this year.
8:00 PM EST | August 29, 2024
Equinor Boosts Norwegian Economy with $12.7B in 2023
'This year's report shows that deliveries to this industry come from the majority of Norwegian municipalities and are spread across the country'.
8:00 PM EST | August 27, 2024
Linde to Supply Clean Hydrogen to Dow's Net Zero Emission Cracker
Linde will invest more than $2 billion to build, own, and operate a world-scale integrated clean hydrogen and atmospheric gases facility in Alberta, Canada.
8:00 PM EST | August 27, 2024
Norway Boosts Investment Estimates in Oil, Gas
Statistics Norway said that the increase is mainly driven by higher cost estimates in production drilling within fields onstream.
8:00 PM EST | August 15, 2024
DOI to Provide $775MM to 21 States to Plug Orphan Wells
The U.S. Department of the Interior is providing $775 million for 21 states to clean up orphaned oil and gas wells and well sites.
8:00 PM EST | August 15, 2024
Aramco to Invest $100MM in University Research Projects
The funds from Aramco have been earmarked for a wide range of initiatives, from essential research to applied technologies.
8:00 PM EST | August 13, 2024
CPP Investments Allots $843MM to Tallgrass Energy
Tallgrass is a leading infrastructure company operating a network of more than 10,000 miles of pipeline assets across 14 states in the USA.
8:00 PM EST | August 13, 2024
ONGC Raises Stake in Gujarat Petrochemical Complex
The Indian government approved ONGC's proposal of an additional investment of $2.2 billion in OPaL.
8:00 PM EST | August 12, 2024
EIB Lends $54.6MM to Matrix Renewables for Five Solar Projects in Spain
To rise in the regions of Castilla y Leon and Extremadura, the facilities have an installed capacity of 240 MW.
8:00 PM EST | August 11, 2024
9 Carbon Capture Projects to Receive $44.5MM from US DOE
The regional partnership projects will accelerate the understanding of specific geologic basins to enable the permanent storage of carbon dioxide emissions from industrial operations and power plants.
8:00 PM EST | August 08, 2024
Korean Port Authority to Invest in Alternative Marine Fuel
The Ulsan Port Authority (UPA) has signed an equity investment agreement worth $17.6 million with Hyundai Oil Terminal Corporation for the alternative marine fuel supply chain.
8:00 PM EST | August 07, 2024