A unit of GCL-Poly Energy Holdings Ltd. defaulted on a $500 million bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings Ltd. announced the default in a Monday exchange filing. The […]
Exxon Mobil Corp. pledged to spend $3 billion on low-emission technologies through 2025 to address investor concerns over its environmental record, unveiling a plan that comprises several projects that have already been announced. Exxon said Monday […]
The chief executives of Exxon Mobil Corp. XOM -2.65% and Chevron Corp. CVX -4.29% spoke about combining the oil giants after the pandemic shook the world last year, according to people familiar with the talks, testing the waters for what could be one of the […]
Singapore’s sovereign wealth fund, GIC, agreed to buy a $2.05 billion minority stake in a Duke Energy Corp. unit, allowing the utility to forgo a planned equity raise as power companies nationwide prioritize renewable-energy development. Selling a 19.9% stake […]
Jan. 29, 2021– Chevron Corporation (NYSE: CVX) today reported a loss of $665 million ($(0.33) per share – diluted) for fourth quarter 2020, compared with a loss of $6.6 billion ($(3.51) per share – diluted) in fourth quarter 2019. Included in the current […]
Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2020, including a net loss attributable to Murphy of $172 million, or $1.11 net loss per […]
Energy News Beat Publishers Note: Great opinion and article from Ellen R. Wald PH.D. at Investing.com. She is has over 274 articles, and one to follow. On Wednesday, the Biden administration issued an executive order directing the […]
Saudi Arabia has revamped over half of the 400 foreign direct investment (FDI) regulations, as foreign investment rose in 2020 compared to 2019, said Minister of Investment Khalid bin Abdulaziz Al-Falih. “We have performed better […]
Tesla reported a web revenue of $270 million in 2020’s last quarter, serving to Elon Musk’s electrical automobile powerhouse notch its first worthwhile 12 months. As standard, gross sales of air pollution credit helped hold the corporate […]
Tailwater Capital LLC (“Tailwater” or the “Firm”), a private equity firm based in Dallas, today announced that it has signed definitive agreements to acquire Tall Oak Midstream II (“Tall Oak II”) and Tall Oak Midstream III […]
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