Thursday, January 9, 2025
Eni SpA becomes second foreign firm to win $29 billion Qatari gas project stake- oil and gas 360

Eni SpA becomes second foreign firm to win $29 billion Qatari gas project stake

World Oil (Bloomberg) — Eni SpA became the second foreign firm to win a stake in a $29 billion project that will expand Qatar’s production of liquefied natural gas as the energy crisis in Europe escalates and prices climb. The Italian company will take a 3.1% holding in the project, Qatar Energy Chief Executive Officer Saad Al-Kaabi said in Doha

Oil prices climb $2 on strong demand, tight supply- oil and gas 360

Oil prices climb $2 on strong demand, tight supply

CNBC Oil prices rose almost $2 on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine.   Brent crude rose $1.80, or 1.6%, to $115.93 a barrel. The U.S. West Texas Intermediate (WTI) crude contract for July, which expires later on Tuesday, rose $2.26, or 2.1%, to $111.82. The

Southwestern Energy announces $1 Billion share repurchase program- oil and gas 360

Southwestern Energy announces $1 Billion share repurchase program

Oil and Gas 360 06/21/2022- Complements continued debt repayment within its comprehensive capital allocation strategy SPRING, Texas–(BUSINESS WIRE)– Southwestern Energy Company (“SWN or the “Company”) (NYSE: SWN) today announced that its Board of Directors authorized a share repurchase program.   Key Highlights: Authorization for up to $1 billion of share repurchases through the end of 2023 Continued prioritization of debt