The US Treasury Department on June 25 imposed sanctions on parts of a shadow banking network that Iran uses to launder billions in oil proceeds used to provide weapons to Russia and regional proxy groups […]
Goldman Sachs Group Inc. has appointed John B. Hess as an independent director of its board with effect from June 24. Hess will serve on the board’s compensation, governance, and risk committees, Goldman Sachs said […]
Japan’s Mitsui & Co., Ltd. has completed the acquisition of an unconventional gas asset in Texas from Sabana, LLC and Vanna, LLC through its U.S.-based subsidiary Mitsui E&P USA LLC (MEPUSA). The asset, named Tatonka […]
US-based private equity company Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn, reported Bloomberg, citing sources. The deal involves Quantum Capital buying Caerus […]
US private equity firm Kimmeridge is taking a 90 percent stake in Commonwealth LNG, the developer of the 9.5 mtpa plant in Cameron, Louisiana founded by Paul Varello, who is retiring. In August last year, […]
Daily Standup Top Stories EU Sanctions 17 Ships that Carried Oil for Russia June 25, 2024 Mariel Alumit The European Union placed sanctions on more than two dozen vessels, including 17 that hauled oil for Moscow. […]
There is no longer a single British bank financing the smaller independent oil and gas producers that account for the bulk of output and investment in the North Sea, according to Neptune Energy. “The future […]
(Bloomberg) — A top performing hedge fund is betting the pullback in uranium producer NexGen Energy Ltd. will be short lived, as the industry’s growing appeal leaves the startup well placed for a potential takeover. […]
Covestro AG said it’s entering concrete negotiations with suitor Abu Dhabi National Oil Co. on a potential takeover that could value the German chemical company at about €11.7 billion ($12.5 billion). The Middle Eastern energy […]
French LNG containment giant GTT has secured an order from China’s Hudong-Zhonghua for ten 271,000-cbm liquefied natural gas carriers. GTT said in a statement that each of the very large LNG vessels will have five […]
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