Friday, January 10, 2025

Endeavor Energy Eyes Potential $10 Billion-Plus Sale

Permian explorer Endeavor Energy eyes potential $10 billion-plus sale From Reuters Endeavor Energy Resources LP is exploring a sale that could value the Texas-based privately held oil producer at more than $10 billion, a source familiar with the matter said on Tuesday. The firm, which holds more than 300,000 net acres in the highly sought-after Permian Basin, has selected JP

Drowning in Cash, Big Oil’s Biggest Challenge Is How to Spend It

From Bloomberg Big Oil’s big payday has finally arrived. The question now is how to spend the extra cash? Investors will be reading the third-quarter tea leaves to discern whether executives plan to boost dividends and buybacks, hike spending on shiny new mega projects, or perhaps even do both. What they do know is that fresh sources of oil and

Exxon Said to Return to Favored Pick in Ghana Partner Search

From Bloomberg  Exxon Mobil Corp. resumed talks with Ghana Oil Co. as the oil supermajor nears a deadline to find a local partner for the exploration of crude at an offshore field, according to people familiar with the matter. Talks between Exxon and the Accra-based gas station operator, known as Goil, for a 5 percent stake in the Deepwater Cape Three

Another Louisiana LNG Plant Gets FERC Approval to Build

Firm secured 20 year contract to supply gas to Poland starting in 2022 From Reuters Venture Global LNG Inc’s Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana took a big step toward receiving federal approval for construction on Monday after staff at the U.S. energy regulator issued a final environmental report. In the report, known as a final

Small Canadian LNG Project Set to Go Ahead In Early 2019

From Reuters A small liquefied natural gas project north of Vancouver is poised to move to construction in the first quarter of 2019, adding momentum to Canada’s efforts to become a significant exporter of the supercooled fuel. The C$1.6 billion ($1.2 billion) Woodfibre LNG project, backed by Indonesian billionaire Sukanto Tanoto’s RGE Group, would be Canada’s second LNG project to

Aramco to Shift More Crude Production to Petrochemicals

From Reuters Saudi Aramco aims to allocate some 2-3 million barrels per day of its crude oil production to petrochemicals, CEO Amin Nasser said on Tuesday, a sign the state energy group is hedging its bets against a possible demand slowdown. Aramco has been boosting its investments in refining and petrochemicals to secure new markets for its crude, as it