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HomeFinance

Finance

Ksi Lisims
Finance

Ksi Lisims LNG partners to buy Prince Rupert pipeline project from TC Energy

March 15, 2024 Mariel Alumit

Houston-based Western LNG and the Nisga’a Nation, the partners in Canada’s Ksi Lisims LNG project, have agreed to buy the planned Prince Rupert pipeline project from TC Energy. PRGT is a wholly owned subsidiary of […]

Oil
Crude Oil News

Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks

March 14, 2024 Mariel Alumit

NEW YORK, March 13 (Reuters) – Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply […]

BRICS
BRICS

Expanded BRICS will keep ‘trademark’ name – Moscow

March 14, 2024 Mariel Alumit

The bloc’s acronym is a “brand” and the addition of new members will not change that, a top Russian diplomat has said The BRICS economic group will keep its current name despite the bloc’s expansion, […]

Inflation
Finance

Higher Forever? Even Yellen Starts to Get it: Higher Inflation & Higher Yields Are Here to Stay

March 14, 2024 Stu Turley

“It seems unlikely that yields are going to go back to being as low as they were before the pandemic”: Yellen. By Wolf Richter for WOLF STREET. By now everyone sort of knows that inflation has been re-heating […]

Big Oil Companies

Daily Energy Standup Episode #329 – California Prices Surge, Biden Budget Impact, Shell’s Shift, and Currency Changes

March 14, 2024 Andy Del Prado

Daily Standup Top Stories Exploding Energy Prices in California March 13, 2024 Mariel Alumit “California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income […]

Kimmeridge
Finance

Kimmeridge makes new $2.1 bln offer for SilverBow

March 13, 2024 Mariel Alumit

March 13 (Reuters) – Kimmeridge Energy Management has submitted a new offer to acquire SilverBow Resources (SBOW.N), opens new tab that values the U.S. oil and gas producer at close to $2.1 billion, including debt, the investment […]

India
Finance

Many countries want to start rupee trade with India in “game-changing” de-dollarisation step

March 13, 2024 Mariel Alumit

Ahmed Adel, Cairo-based geopolitics and political economy researcher On Monday, Union Commerce and Industry Minister Piyush Goyal said that many large and small economies around the world have expressed willingness to start trading in rupee […]

Shell
Crude Oil News

Shell Plans to Cut 20% of Jobs in Its M&A Unit

March 13, 2024 Mariel Alumit

The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in […]

Oil
Crude Oil News

Oil-focused African Energy Bank eyes June launch as first funds trickle in

March 13, 2024 Mariel Alumit

The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, […]

ADNOC
Finance

ADNOC kicks off early EPC activities for low-carbon Ruwais LNG project

March 13, 2024 Mariel Alumit

The notice for early EPC activities was issued to a joint venture comprising Technip Energies, JGC Corporation, and National Petroleum Construction Company, ADNOC revealed in a statement on March 12. ADNOC said the early EPC […]

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