Tuesday, September 17, 2024
Gas ‘witch’s brew’ has U.S. exporters facing worst scenario- oil and gas 360

Gas ‘witch’s brew’ has U.S. exporters facing worst scenario

Houston Chronicle A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance. Prices for the heating and power-plant fuel may collapse in Europe and Asia next year to levels that would force U.S. liquefied natural gas suppliers to curb output, Citigroup

Saudi Aramco meets ADIA, Abu Dhabi funds in IPO pitch: sources- oil and gas 360

Saudi Aramco meets ADIA, Abu Dhabi funds in IPO pitch: sources

Reuters ABU DHABI/DUBAI (Reuters) – Saudi Aramco’s executives met officials of Abu Dhabi Investment Authority (ADIA) on Monday to discuss a potential investment in the oil giant’s share sale that could raise as much as $25.6 billion, three sources familiar with the talks said. Aramco has struggled to attract a major cornerstone or anchor investor for its IPO, which could

Carl Icahn to seek control of Occidental’s board- oil and gas 360

Carl Icahn to seek control of Occidental’s board

Houston Chronicle Carl Icahn plans to nominate a slate of 10 directors in an attempt to seize control of the board of U.S. oil and gas producer Occidental Petroleum Corp., according to people familiar with the matter. The billionaire investor, who owns a stake in the company valued at about $1 billion, plans to make his move before the Nov.

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