Tullow Oil strikes multiple deals in sweeping capital overhaul
Tullow Oil announced on Friday a capital overhaul and a number of deals to increase its presence in West Africa. The heavily-indebted company is aiming to stabilize its operations and ensure longer-term growth.
Gunvor Management Buyout Values Trading Group at Around $5 Billion, Sources Say
According to two sources, and a calculation made based on the financing of the deal via a loan given to employees, a management buyout has valued Gunvor at around $5 billion. Two sources…
Rio Tinto misses its annual profit forecast on iron ore challenges
Rio Tinto missed its expectations for the annual underlying profit on Thursday as lower iron ore prices, amidst rising global supply, weighed down on its core business. However, stronger…
Caturus to purchase some South Texas assets from SM Energy for $950 Million
SM Energy, a U.S. oil and gas company, announced?on Wednesday that it would sell selected assets in South Texas for $950 millions?in order to reduce its debt and bolster its capital structure.
Europe's STOXX 600 closes on record high due to earnings boost. ECB shifts focus
Investors assessed corporate earnings and reports about a possible leadership change at the European Central Bank. All major regional benchmarks finished in positive territory. The…
Glencore earned less money from energy sales despite selling more oil for the third consecutive year
The annual earnings of the commodity trader, mining group Glencore showed that it traded more oil in 2013 but made less money?from energy trading? for the third consecutive year. The…
Glencore returns $2 billion to its shareholders despite earnings decline
Glencore, the commodity trader and miner, announced its results for '2025 on Wednesday. This was just weeks after Rio Tinto, a larger rival, failed to make a takeover offer. The talks…
Take Five GRAPHIC: Giddy up
As the year of fire horse dawns, much of Asia will celebrate the Lunar New Year. This rare combination is said to combine elements of energy and volatility. The markets will be looking…
Caturus signs a 20-year LNG Supply Deal with Saudi Aramco
U.S. Gas Producer 'Caturus' said on Friday that its unit, Commonwealth LNG, had signed a twenty-year agreement with Saudi Aramco to supply 1,000,000 tonne per year of lNG from?its proposed Louisiana Export Project. The U.S.
Take Five: Giddy up
As the year of fire horse dawns, much of Asia will celebrate the Lunar New Year. This rare combination is said to combine elements of energy and volatility. The markets will be looking…
Andy Home, Andy Home: The US and Canada are now working together to secure critical minerals.
The U.S. president Donald Trump just announced "Project Vault", an $12 billion stockpile of critical minerals intended to protect U.S. manufacturing companies from disruptions in supply. The U.S.
Congo declares it will seek out other partners in the event that US Minerals Framework fails
If the minerals?cooperation agreement with the United States does not lead to concrete projects, then the Democratic Republic of Congo will seek out other partners. The country's mining…
Andy Home, Andy Home: The US and Canada are now working together to secure critical minerals.
The U.S. president Donald Trump just announced "Project Vault", an $12 billion stockpile of critical minerals intended to protect U.S. manufacturing companies from disruptions in supply. The U.S.
Glencore focuses on short-term disposals while Rio deal remains elusive
Glencore, the Swiss-based mining company, is likely to sell assets to bolster its copper portfolio after failing to merge with Rio Tinto. The two companies have called off talks to…
Australia's biggest takeover bids never came to fruition
The merger talks between Rio Tinto & Glencore failed after both sides could not resolve their differences on valuation. This ended months of negotiations about a tie up that would have…
Rio records record for Glencore exit, but banks and miners are sapping Australian shares
Australian shares continued to fall on Friday, as an index-wide sale led by banks and miners saw a decline in the market. Rio Tinto reached its highest level to date after abandoning…
Rio Tinto and Glencore abandon plans to create the world's largest mining company
Rio Tinto has ended takeover negotiations with Glencore after months of talks over a tie up that would have reshaped global mining. The merger was first announced in January and would…
Sources say that Rio Tinto will ask for more time to consider the Glencore deal.
Three people with knowledge of the talks said that Rio Tinto and Glencore will announce a delay in the merger talks before a UK regulatory deadline this Thursday. This is to give Rio…
The Financial Times reports that Rio Tinto wants to be at the forefront of Glencore merger discussions.
The Financial Times reported that Rio Tinto wants to keep its chairperson and CEO, but Glencore wants a large premium. This is because the deadline for any potential merger is approaching.
Commonwealth LNG signs 20-year supply agreement with Mercuria in response to US LNG export growth
Commonwealth LNG announced on Tuesday that it had signed a sale-and-purchase agreement for 20 years to supply Mercuria 1 million metric tonnes of liquefied gas per year. The deal stipulates…