Wednesday, November 27, 2024
Upstream mergers and acquisitions fall to $12 billion during ‘challenging quarter’- oil and 360

Upstream mergers and acquisitions fall to $12 billion during ‘challenging quarter’

World Oil Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q2 2022 upstream M&A. Overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both commodity and equity markets. Despite that, about $12 billion was transacted in upstream M&A as numerous private equity (PE) firms

A coming copper shortage could derail the energy transition, report finds- oil and gas 360

A coming copper shortage could derail the energy transition, report finds

CNBC An all-electric future depends heavily on copper, and looming supply shortfalls could hamper nations’ goals of reaching net-zero emissions by 2050, according to a new report from S&P Global.   Unless significant new supply becomes available, climate goals will be “short-circuited and remain out of reach,” the report says. Electric vehicles, solar and wind power, and batteries for energy

API releases video urging Biden to tour American energy sites- oil and gas 360

API releases video urging Biden to tour American energy sites

World Oil WASHINGTON – As President Biden prepares to meet with Saudi officials on Friday, the American Petroleum Institute (API) released a new video once again inviting the president to visit American energy sites and support the American producers who are poised to meet the growing demand for affordable, reliable energy and lead in this global crisis instead of turning to foreign

It looks great, I like the new look. Yes, let’s have two of these.- oil and gas 360

Exclusive-Shell wants to share more of its blockbuster profits, CEO says

Reuters OXFORD, England – Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday. Europe’s largest oil and gas company, as well as rivals including BP, have seen profits surge this year

OPEC faces a near-impossible production task next year-oil and gas 360

OPEC faces a near-impossible production task next year

World Oil (Bloomberg) — OPEC producers will need to pump crude at the fastest pace in five years in 2023 if they are to balance oil supply and demand. Capacity constraints suggest they may struggle.   The latest forecasts from the International Energy Agency, the US Energy Information Administration and the Organization of Petroleum Exporting Countries all show global oil demand rising