Big oil has a big problem. It’s running out of oil. Energy News Beat Publishers Note (ENB): With the reduction in the big oil companies adding to their reserves, it will have a long-term impact […]
The Norwegian subsidiary of energy firm Shell has sold its downstream liquefied natural gas (LNG) subsidiary Gasnor to Madrid-based Molgas Energy Holding for an undisclosed sum, it said on Thursday. The transaction transfers all of Norske Shell’s complete shareholding […]
Abu Dhabi National Oil Company (ADNOC) is considering listing its drilling business on the local stock market, according to three sources familiar with the matter. The state oil giant says its drilling company is the largest […]
Four leading energy business leaders and early-stage investors have announced the formation of NuQuest Energy, a utility-scale renewable energy development company pursuing projects in the United States. The company intends to leverage its extensive experience in engineering, procurement, […]
US federal tax regulators and Congress have been addressing offshore wind industry needs to make tax equity financing more efficient, while the Department of Energy revamps its loan program to make $3 billion available to […]
Shell is set to benefit from the higher commodity prices in the first quarter of 2021, but earnings will be adversely impacted by up to $200 million from the Texas Freeze in February, which hit the supermajor’s […]
Double Eagle III Midco 2 LLC (the “Company” or “Double Eagle”), wholly owned by DoublePoint Energy, LLC (“DoublePoint”), announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and […]
According to a Reuters article, Seadrill proposed a debt write-off of just over $4.8 billion. That would cut its debt by more than 86.5 per cent to $750 million. The media outlet claimed that Seadrill has […]
Pioneer Natural Resources is buying its neighbor in the Midland Basin, making it the largest producer in the Permian Basin. Irving-based Pioneer is using a combination of its own stock, cash and debt to purchase […]
Back in October, Harold Hamm predicted a win by Joe Biden in the U.S. election would “strangle and starve oil and gas.” Instead, he’s made a killing. With shares of his Continental Resources Inc. more than […]
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