Mexico taps the debt markets again to support state oil company Pemex
For the second time in a week, the Mexican government has turned to international bond markets to support Pemex, its state-owned oil company. On Tuesday it issued bonds worth $8 billion.
Chevron and Israeli pipeline operator will launch new gas pipeline towards Egypt
Chevron announced on Tuesday that it had signed a contract with Israel's pipeline operator, a state-owned company, to begin construction of the Nitzana pipeline. The pipeline…
IEA: Global oil and gas production is declining rapidly, IEA reports
International Energy Agency (IEA) said Tuesday that the decline in oil and gas production from mature fields around the world is increasing due to a greater reliance on deep-ocean and shale resources.
Repsol to be taken over by MedcoEnergi for South Sumatra oil blocks
MedcoEnergi, an Indonesian company, announced on Tuesday that it had agreed to purchase large stakes of two South Sumatra oil-and-gas blocks from Repsol Spain for approximately $90 million.
Australia delays its first offshore wind auction due to global investment retreat
Victoria, Australia, has delayed its first auction of offshore wind farm financing, citing global investments hurdles. This is a blow to an industry that's deemed crucial to…
The IEA reports that the decline rates of global oil and gas fields are increasing.
International Energy Agency reported on Tuesday that the natural rate of decline for oil and gas production is increasing, due to a greater reliance on deep-ocean and shale resources.
Berry Corp. to be acquired by California Resources for $717 Million
California Resources, an oil and gas producer, announced on Monday that it would purchase Berry Corp. The deal would be valued at $717 million including debt. Its goal was to create a larger…
SOCAR is close to acquiring oil refiner Italiana Petroli according to sources
Three sources claim that the founding family of Italiana Petroli is close to selling the oil refinery to State Oil Company of Azerbaijan. This would give the group control of Italy's biggest petrol station network.
Q&A: Is Venezuela on the verge of losing its prized foreign asset, Citgo?
After a fierce battle for the seventh-largest U.S. refiner, a U.S. judge began the final hearing on Monday of the sale of shares of the parent company of Venezuelan-owned refiner…
What is the Abraham Accords?
The Abraham Accords which normalised diplomatic ties between Israel and certain Arab states are in the spotlight following Israel's airstrikes against Hamas that took place on 9 September, angering the U.S.
Andy Home, recycling pioneer, races to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Sources said that the European aerospace groups Leonardo…
Trump urges NATO nations not to buy Russian oil
Nations stop purchasing Russian oil and take similar measures. Trump wrote on social media that he was ready to impose major sanctions against Russia once all NATO countries…
Baker Hughes reports that US drillers added oil and gas rigs in the US for the second consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added natural gas and oil rigs this week for the second consecutive week for the first since April. The number of oil and gas drilling rigs…
Strathcona Waterous is confident in MEG Energy's response to the sweetened offer
The Strathcona Resources executive chair is confident that his sweetened bid to purchase MEG Energy, which is expected to be made by Monday, will win a heated bidding battle.
Andy Home, recycling pioneers racing to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains.
Australia approves the North West Shelf Gas Plant to operate until 2070
Australia approved Woodside's application to operate Australia's second largest and oldest liquefied gas plant, the LibNaGa Plant, until 2070. The new emission rules were imposed to reduce its environmental impact.
ADNOC sells stakes in listed companies to XRG, the international arm of ADNOC
Abu Dhabi National Oil Company announced on Thursday that it had transferred its shares in a number of its listed subsidiaries, to XRG International Investments, its international…
Energean secures new $4 billion Israeli gas offtake but conflicts hamper output
Energean, which focuses on the Eastern Mediterranean, said it had secured new Israeli gas contracts worth $4 billion in the first six months of this year. This brings the total…
Bloomberg News CEO: Cenovus is 'closing doors' on a higher bid for MEG Energy
Cenovus Energy, Canada, does not intend to increase its bid for MEG Energy, an oil sands producer, despite Strathcona Resources' higher offer, according to its CEO Jon McKenzie…