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Germany to Provide $2.3B Aid for Decarbonization of Industrial Sectors
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.
3:47 AM EST | April 16, 2024
Chile's ENAP Says Working on Decarbonization Plan
ENAP's decarbonization plan will adopt targets for 2035 and 2050.
3:00 AM EST | April 16, 2024
USA Regional Banks Dramatically Step Up Loans to Oil and Gas
A group of U.S. regional banks is ratcheting up lending to oil, gas and coal clients.
2:11 AM EST | April 16, 2024
Japan's Mizuho Invests $3.64MM in Bison's CCS Project in Alberta
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.
2:20 AM EST | April 15, 2024
Colombia's GeoPark to Acquire Stakes in Argentina's Neuquen Basin
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.
4:57 AM EST | April 12, 2024
Woodside Reconsiders Sale of Macedon, Pyrenees Assets
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.
3:25 AM EST | April 12, 2024
Diamondback Sells $5.5B of Bonds for Endeavor Deal
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.
4:12 AM EST | April 10, 2024
BP Sees Strong Trading Performance in First Quarter
BP expects to report a strong performance from its trading business for the first quarter.
10:00 AM EST | April 09, 2024
Russia's Revenue Jumps in First Quarter as Oil Prices Rise
Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices.
3:58 AM EST | April 09, 2024
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures
Zurich Insurance Group AG will no longer underwrite new oil and gas projects.
5:00 PM EST | April 08, 2024
Phillips 66 Raises Quarterly Dividend by 10 Percent
'The dividend increase reflects the confidence we have in our growing mid-cycle cash flow generation and disciplined approach to capital allocation'.
8:01 AM EST | April 08, 2024
ION Clean Energy Secures $45MM Investment
Chevron New Energies and Carbon Direct Capital have invested $45 million in ION Clean Energy.
4:14 AM EST | April 08, 2024
Denmark Pension Fund P+ Divests Oil and Gas Firms
The Danish pension fund P+ said it will no longer invest in oil and gas companies that are expanding production.
5:00 PM EST | April 04, 2024
Michigan Nuclear Plant Gets Federal Loan Support for Recommissioning
The DOE earmarked up to $1.52 billion in conditional loan guarantee commitment to support the resumption of services at the Palisades Nuclear Plant.
1:30 PM EST | April 04, 2024
Beacon Sells Non-Operated Assets in US Gulf of Mexico
Beacon is now focusing on its operated Shenandoah and Winterfell fields in the U.S. Gulf of Mexico.
1:30 PM EST | April 04, 2024
Exxon Sees Lower Q1 Earnings on Commodity Prices, Trading
Exxon Mobil Corp.'s first-quarter earnings will likely be lower than in the prior three-month period.
10:00 AM EST | April 04, 2024
Conrad Energy Gets Funding for Synchronous Condenser Projects for UK Grid
Conrad Energy secured GBP 200 million ($233.5 million) in financing for two synchronous condensers to be installed in the East of England.
10:24 AM EST | April 03, 2024
Alberta Invests $24.8MM in Emission Reduction, Grid Projects
The Alberta government is investing $24.84 million (CAD 33.7 million) in technologies aimed at reducing emissions and improving the province's energy grid.
10:00 AM EST | April 03, 2024
Aramco Oil Traders Stage Walkout in Houston Over Bonus Pay
Aramco Trading Americas, based in Houston, was set up last year to handle buying and selling for the company's oil-refining business.
10:00 AM EST | April 03, 2024
APA Completes $4.5B Acquisition of Callon
'Callon's assets bring scale to our Delaware position and balance to our overall Permian asset base'.
4:26 AM EST | April 03, 2024
A Second Brazilian Oil Company Offers Merger with 3R
Enauta's offer follows that of PetroReconcavo.
2:30 AM EST | April 03, 2024
ADNOC Gas Investors to Get $3.25B in Dividend for 2023
ADNOC Gas will distribute $1.625 billion in final dividend for 2023, raising full-year dividends to $3.25 billion.
7:45 AM EST | April 02, 2024
SLB Buys Majority Share in Aker Carbon Capture
SLB agreed to acquire an 80 percent ownership in Aker Carbon Capture for an initial payment of $381.8 million.
2:30 AM EST | April 01, 2024
Mitsui Oil Makes FID on Vietnam Gas Project
The Vietnam Block B project is an integrated development project involving an upstream gas field and a pipeline to link it to a gas-fired thermal power plant complex.
1:33 AM EST | April 01, 2024
Credit Agricole Helps NGP Secure Funds for Fishery-Solar Projects in Taiwan
The fishery-solar assets will expand NGP's portfolio from 82 MW to 161 MW.
4:02 AM EST | March 29, 2024
PetroChina Posts Higher Annual Profit on Higher Production
PetroChina reported $20.6 billion in net income for 2023, up 8.3 percent compared to 2022 as growth in both upstream and downstream output offset weaker oil prices.
4:00 AM EST | March 28, 2024
McDermott Settles Reficar Dispute
McDermott said it has fully resolved the Reficar arbitration case and concluded interrelated Dutch and British legal processes.
3:00 AM EST | March 28, 2024
US Govt Makes Record Investment of $6B for Industrial Decarbonization
The DOE selected 20 states for the deployment of up to $6 billion in funding to reduce emissions from energy-intensive manufacturing industries.
8:25 AM EST | March 27, 2024
Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
CEZ saw sustained production and gains from commodity trading offset lower electricity prices and lower domestic demand for electricity, as well as higher taxes.
5:51 AM EST | March 27, 2024
US DOE Earmarks $475MM for Five Clean Energy Projects in Mine Lands
The projects encompass various clean energy technologies, including solar, microgrids, pumped storage hydropower, geothermal, and battery energy storage systems.
1:30 PM EST | March 26, 2024
Canacol Annual Net Income Slips as Production Capacity Dips
Canacol's net income for 2023 stood at $86.2 million.
2:30 AM EST | March 26, 2024
EIB Agrees $109MM in Green Finance for Danish SMEs
The EIB signed a deal with Ringkjobing Landbobank to finance Danish SMEs in their energy transition.
2:30 AM EST | March 25, 2024
Sinopec Posts 13 Percent Fall in Annual Profit on Weaker Oil Prices
Sinopec's annual profits declined 13 percent, after oil prices fell and Chinese refiners posted a record year for processing and imports.
2:30 AM EST | March 25, 2024
UK Grid Operator Receives Aid to Advance Rural Decarbonization
National Grid has been allotted about $503,300 in the latest round of the Ofgem's Strategic Innovation Fund.
7:39 AM EST | March 22, 2024
Savannah to Take Full Ownership of Stubb Creek Field in Nigeria
Savannah will take over Sinopec International Petroleum Exploration and Production Company Nigeria, the British company's co-venturer in Stubb Creek.
4:01 AM EST | March 22, 2024
Nigeria Is Top Recipient of Shell Payments to Governments at $4.9B
Shell remitted a total of $67 billion to state coffers in its countries of operation last year.
6:14 AM EST | March 21, 2024
Britain Grid Operator Proposes $74B Expansion Plan
The proposal aims to meet growing demand and achieve power sector decarbonization.
4:13 AM EST | March 21, 2024
Aussie Coal Miners Turn to High-Interest Loans with Major Banks Reluctant
Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks that are held back by ESG concerns.
3:11 AM EST | March 21, 2024
EIB Loans $763.8MM for Iberdrola's Power Grid in Spain
The investment in Iberdrola's power distribution grid in Spain now totals $1.5 billion.
2:45 AM EST | March 21, 2024
Eni Plans to Reduce Annual Capex to $7.6B through 2027
Eni plans to execute capital discipline through 'optimization, improved project quality and greater portfolio management'.
3:12 AM EST | March 20, 2024
Lithuania's Ignitis Gets $114MM EIB Loan for Hydropower Facility
Ignitis plans to install a fifth pump-turbine unit at the Kruonis Pumped Storage Hydroelectric Power Plant.
2:30 AM EST | March 20, 2024
I Squared Eyes Full Ownership of Europe Gas Storage Firm
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
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
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
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
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
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
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
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
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