Maguire: The global energy transition is shifting from generation to integration.
The global electric grid is entering a new stage. Investment spending by utilities has shifted from solar panels and?farms to the infrastructure required to make renewable-heavy energy systems work. In Europe, Asia and Africa, as well as Oceania, Latin America and Oceania…
Projects are rushed as prices soar due to the Trump Clean Energy Tax Credit Cutoff
Solar developers in the United States have secured federal subsidies to help them build a large number of solar projects that will nearly double their current capacity. They are rushing to beat a deadline on July 4, which could cause a sharp increase in renewable power costs.
WhiteHawk Minerals, a natural gas royalty company, is aiming for a $701 million valuation at its US IPO
WhiteHawk?is aiming for a valuation up to $701.2 mln?in the U.S. Initial Public Offering, as it aims to tap into?investors appetite for domestic energy assets. It said that the company based in Philadelphia, Pennsylvania, is looking to raise up to $187m by selling approximately 6.9 million shares at a price between $25 and $27 each.
EagleRock, a land management company, raises $320 million through its US IPO
EagleRock, an American land and resource management firm that collects royalties and fees for oil and gas production in the Permian basin on the lands it controls, raised $320.1 million on Wednesday through its initial public offering. The Houston-based firm sold 17.3 millions shares at $18.50 each…
Fervo Energy raises US $1.89 billion through its IPO
Fervo Energy, a developer of geothermal energy, announced on Tuesday that it raised $1.89billion in its enlarged U.S. IPO. This shows the strong investor interest for this listing. Houston-based company sold 70 million shares at $27 each, securing an estimated valuation of $7.66 billion.
EagleRock, a land management company, has disclosed a rise in revenue in its US IPO filing
EagleRock Land, a land management company, reported a 'higher revenue per year in paperwork filed on Thursday for an initial public offering in the United States. The company is positioning itself as a 'rare IPO in energy amid renewed investor interest in the sector. Houston…
Rystad estimates that Middle East war damages to energy assets could cost as much as $58 billion.
According to Rystad Energy, the Middle East conflict may cost up to $58 billion to repair energy-related infrastructure. Oil and gas facilities could account for as much as $50 billion. The initial estimate of $25 billion by the research firm three weeks ago has been surpassed…
Australia announces $1.4 billion in support for Rio's Boyne Aluminium Smelter
Australia announced a?A$2 Billion ($1.40 Billion) over ten years to support Rio Tinto's Boyne Smelters, the country's second largest aluminium smelter. Federal Industry Minister Tim Ayres stated that the investment will be equally funded by both the federal government and Queensland's state governments.
Inpex, a Japanese oil and gas company, sees a shortage of LNG in Asia by 2035
Inpex, Japan’s largest oil and 'gas producer, anticipates that global demand for LNG will grow by 75%, to 700 million metric tons annually, in 2035. This could lead to a shortage of LNG along the Pacific coast, including Asia. Inpex, who runs the Ichthys LNG Project in Australia and develops Abadi LNG in Indonesia…
HMC Capital's share price in Australia rises after KKR invests in Energy Transition Platform
HMC Capital, a company based in Australia, announced on 'Friday that it had struck a deal with KKR managed funds to invest up A$603 (US$416.49 ) million in preferred equity into its Energy Transition Platform. This will increase its share price. HMC shares rose 7.7% intraday to A$4.34…
Carlyle's energy investment list as it targets Lukoil assets valued at $22 billion
Analysts initially estimated that the Carlyle Group would acquire most of Lukoil’s foreign assets at $22 billion. The Office of Foreign Assets Control (the U.S. agency responsible for sanctions) has yet to approve the sale. The?U.S. The?U.S. Treasury had given Lukoil a deadline of February 28th to divest their global portfolio.
Houston, the US oil capital, is buzzing as industry prepares for Venezuelan oil rush
Matthew Goitia explains his idea in a bar downtown Houston. He wants to build and refurbish marine terminals for Venezuela that will allow crude oil to be blended and exported, and chemical products shipped. Matthew Goitia, a director at Pelorus Terminals, explains his ambitious…
Ukraine needs an energy ceasefire, says top power executive
The head of Ukraine's biggest private power producer said that the country is on the verge of a "humanitarian disaster" due to Russian airstrikes against energy systems. Any future peace agreement must include an end to attacks on energy infrastructure. Maxim Timchenko said that Russia…
Petrofac UK seeks to reach a compromise with creditors on asset sales
Petrofac, a British oilfield service provider, announced on Wednesday that its creditors would meet later this month to vote on the proposal to compromise on some of their claims in order to allow for the sale of company's Asset Solutions business. Petrofac agreed in December…
API chief: US oil industry needs to reform its Venezuela policy on security in order to enter the country.
American Petroleum Institute President Mike Sommers said that the U.S. Oil Industry must have in place a number of prerequisites in Venezuela, including a workforce security policy and contract sanctity. He made this statement during a phone conference with journalists on Monday. He said that the U.S.
White House oil meeting includes independents and has strong ties to Denver
On Friday, the White House will be inviting oil executives to meet with them in order to discuss possible investment in Venezuela. While the list of attendees includes some big names from American oil, such as Exxon Mobil, ConocoPhillips, and Chevron, it also contains smaller independents…
TotalEnergies considers selling some Asian renewable energy assets
A spokesperson for TotalEnergies said that the company is considering selling some renewable energy assets located in Asia as a way to reduce its debt. Bloomberg first reported the news that the assets in question could be worth several hundred millions of dollars. The spokesperson confirmed this.
Sources say that Russia's Orenburg plant has increased its gas imports from Kazakhstan
Two industry sources reported on Thursday that the Russian Orenburg gas plant had increased its gas intake from the Karachaganak gas field in Kazakhstan at the beginning of November, in an effort to recover gradually after it was attacked by drones last month. The first disruption…
US upstream oil and natural gas dealmaking falls for the third consecutive quarter amid low prices
Enverus, an analytics firm, said that the persistently low oil price kept buyers away from the sector during the third quarter. According to Enverus's latest report, merger and acquisition activity is down for the third consecutive quarter. This marks a dramatic departure from the blockbuster deals of recent years…
Energy Minister: Orenburg plant in Russia restarts gas imports from Kazakhstan field
Kazakhstan's Energy Minister said that the Russian Orenburg gas plant was damaged by a drone strike on Sunday. It has since resumed receiving natural gases from Kazakhstan's Karachaganak gas field. As part of Kyiv’s campaign to destroy Russian energy infrastructure, the strike on Orenburg…