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HomeFinance

Finance

Finance

IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

June 12, 2021 Stu Turley

The International Energy Agency (IEA) has released its latest report on ‘World Energy Investment 2021’. According to the report, the annual global energy investment is set to rise to $1.9 trillion in the current year, […]

Finance

Hellman & Friedman Completes Acquisition of Enverus

June 10, 2021 Stu Turley

Austin, TX (June 10, 2021) — Enverus, a global leader in energy data analytics and SaaS technology, today announced the completion of its acquisition by Hellman & Friedman (H&F), a premier global private equity firm. […]

3 gorges solar ipo - energynewsbeat
Finance

Renewables Giant Jumps in Debut After Biggest 2021 China IPO

June 10, 2021 Stu Turley

China Three Gorges Renewables Group Co. surged 44%, the daily limit, in its trading debut as investors sought to gain from the country’s push toward cleaner energy. The unit of China Three Gorges Corp. saw its shares climb […]

Finance

KKR Seeks More Shale Deals After $5.7 Billion Contango Merger

June 8, 2021 Stu Turley

KKR  & Co. is building a shale-oil acquisition vehicle with the $5.7 billion combination of two little-known explorers. The buyout firm’s Independence Energy will merge with Contango Oil & Gas Co. in an all-stock deal that will be used […]

Saudi Aramco-2 Energy News Beat
Finance

Aramco Kicks Off Debut Sale of Dollar-Denominated Islamic Bonds

June 8, 2021 Stu Turley

Saudi Aramco, the world’s biggest energy company, started marketing its first dollar-denominated Islamic bond sale. The state-controlled company is offering sukuk due in three, five and 10 years, according to a person familiar with the […]

Energy Tech

Energy Stocks Can Continue to Outperform, JPMogan PB Says

June 8, 2021 Stu Turley

Alex Wolf, head of investment strategy for Asia at JPMorgan Private Bank, discusses the outlook for the region’s markets and economies. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)

Exploration and Production

Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger

June 8, 2021 Stu Turley

Independence Energy LLC and Contango Oil & Gas Co. agreed to combine on June 8 in an all-stock transaction set to create a consolidation machine for the upstream oil and gas industry. Independence is an upstream […]

Finance

Enbridge Announces $1.14 Billion Sale of its Financial Interest in Noverco

June 7, 2021 Stu Turley

Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that a subsidiary of Enbridge has entered into a definitive agreement to sell its 38.9% non-operating minority ownership interest in Noverco Inc. (Noverco) to […]

Kaisa Hietala - EnergyNewsBeat
ENB Contributor Column

Engine No. 1 Exxon Pick Is a Different Kind of Climate Activist

June 5, 2021 Tracey Woods

One of the newest faces at Exxon Mobil Corp., Kaisa Hietala, wants to make sure she’s not misunderstood as she’s propelled to sudden fame in a battle between climate activists and the oil industry. The 50-year-old […]

ESG

Climate Activism Is Great News For Saudi Arabia And Russia

June 4, 2021 Stu Turley

Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors amidst a global shift to renewable energy to hostile governments and hardline climate activists.  But not all oil and […]

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