The North American oil and gas exploration and production sector is gaining more investment dollars at the expense of pipeline operators as drillers substantially improve free cash flow and debt reduction, according to industry experts. […]
Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the United States, and oil prices well above their real long-term average are all manifestations of the same global […]
Enbridge Inc. announced Sept. 7 that it has entered into a definitive purchase agreement with EnCap Flatrock Midstream to acquire Moda Midstream Operating LLC $3 billion USD in cash, subject to closing adjustments. The acquisition will […]
On Tuesday, two alternative asset managers—TPG and Brookfield—closed a combined $12.4 billion in climate investment funds. That’s more committed in one day than used to be raised in years. At the same time, money for climate tech companies […]
Participants in China’s carbon market expect 5 billion tons of emissions allowances to be issued around October, a move that will help kick-start what has so far been moribund trading. The allowances are expected to […]
Nigeria’s state oil company is considering an initial share sale after posting the first profit in its 44-year existence. Legislation signed by President Muhammadu Buhari this month enables the Nigerian National Petroleum Corp. to offer shares to […]
Oil headed for the biggest weekly gain in 11 months as market focus shifted to the outlook for U.S. economic stimulus and a storm that is menacing the Gulf of Mexico. Futures in New York […]
Big Oil is coming off yet another blockbuster season, posting the second consecutive quarter of stellar top-and-bottom line growth. According to the latest FactSet data, the energy sector’s Q2 2021 revenue growth rate of 24.9% came in […]
Investors are increasingly piling into clean energy start-ups to take them public and help them raise funds to develop their low-carbon solutions. Many of those investors opt to do so via the hottest Wall Street […]
Australian fuel retailer and distributor Ampol Ltd. made a $1.4 billion takeover offer for New Zealand counterpart Z Energy Ltd. The non-binding indicative proposal is pitched at NZ$3.78 a share, Wellington-based Z Energy said Monday, valuing the company […]
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