Friday, January 10, 2025

 It’s London vs. New York for $2 Trillion Saudi Aramco Listing

From the New York Times LONDON — London and New York have been battling for months over what could be the biggest public offering in history, Saudi Arabia’s state energy company Saudi Aramco. Britain looks to be working hard to land it, with regulators unveiling proposals on Thursday that aim to make it easier for state-owned companies to list on

Deeper OPEC Cuts Would Help Shale, Former Qatar Minister Warns

From Bloomberg OPEC would hurt itself and help U.S. shale producers if it adopted deeper cuts, the former oil minister of Qatar warned. “It’s not beneficial for OPEC to deepen their cuts because prices will go up and shale oil producers and others will take OPEC’s market share,” Abdullah al-Attiyah said in interview in Istanbul. “The problem is that there

Collecting Cash From Shale Without a Dime Spent on Drilling

From Bloomberg Bob Ravnaas raised a paddle in a Houston auction house to secure his first block of mineral rights 19 years ago, when oil prices were swooning below $20 a barrel. A generation later, that same West Texas oilfield is still spinning off royalties, part of a mineral-rights empire amassed by Ravnaas that stretches across 20 states and delivers

Breaking Handshake Agreement at a Tailgate Party Costs Florida Power $1.5 Million

Florida Power & Light ordered to pay agent $1.5 million commission From the Daily Business Review Florida Power & Light Co. owes a real estate agent $1.5 million for breaking a handshake agreement made at a tailgate party, a Palm Beach jury found. The Juno Beach-based company paid about $75 million for parcels of a ranch in Hendry County but gave no