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HomeFinance

Finance

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 […]

Nuclear energy
Exports

Nuclear energy finance bans prevent the world from buying American

March 13, 2024 Mariel Alumit

Challenging Russia and China’s dominance in the global nuclear energy sector requires more than sanctions and wishful thinking. It’s essential to offer our energy-hungry world a genuine alternative to heavily subsidized, state-owned nuclear energy suppliers. That begins by empowering […]

Crude Oil News

Daily Energy Standup Episode #328 – Disparity in Oil Demand Forecasts, New Mexico’s Royalty Rate Standoff, and Market Volatility

March 13, 2024 Andy Del Prado

Daily Standup Top Stories OPEC, IEA at most divided on oil demand since at least 2008 March 12, 2024 Mariel Alumit LONDON, March 11 (Reuters) – Producer group OPEC and the International Energy Agency, the world’s […]

Primergy
Finance

Primergy secures $588 million in financing and power purchase agreement with Microsoft for solar project in Texas

March 12, 2024 Mariel Alumit

Primergy Solar LLC (Primergy), a leading developer, owner, and operator of utility-scale solar and storage projects, announced that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill […]

AI

Daily Energy Standup Episode #327 – Solar Suppliers, Financial Shifts, AI Demands, and Regulatory Challenges

March 12, 2024 Andy Del Prado

Daily Standup Top Stories Solar-panel supplier’s links to alleged abuses in China imperil US climate goal March 11, 2024 Mariel Alumit The dominance of China’s LONGi Green Energy Technology Co. Ltd. in supplying solar panels to the U.S. […]

Treasury
Finance

Fed’s QT Going Forward: the Treasury Maturity Schedule & Roll-off under Current QT Plan, and How a New QT Plan Might Fit

March 11, 2024 Stu Turley

Treasury QT will naturally slow in June 2025 when the Fed runs out of T-bills. Fed governors have teased us with interesting options. By Wolf Richter for WOLF STREET. The Fed has started laying out some basic principles […]

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