Friday, December 27, 2024

Equatorial Guinea in LNG Sale Talks as Shell Deal Winds Down

From Reuters Equatorial Guinea is in talks to sell liquefied natural gas (LNG) supply from its Punta Europa project to independent and state-backed oil companies and traders from 2020 as it winds down an exclusive deal with Royal Dutch Shell. Gabriel Obiang Lima, Minister for Mines and Hydrocarbons, told Reuters he is seeking to lift royalties from future LNG deals

Blackstone Promotes New Energy Fund as Oil Prices Rise

From The Wall Street Journal The world’s biggest listed private-equity firm is marketing its latest energy fund to capitalize on rebounding oil prices and tighter financial discipline among public oil producers. Blackstone Group BX -0.23% LP is planning a first close this quarter on more than half of the roughly $4.5 billion it seeks for its third energy fund, according to a person