Capital Markets – Oil & Gas 360

Elliott wants big asset sales at BP after building $4.75-billion stake

February 13, 2025

(Oil Price) – Elliott Management is pushing for major asset sales at BP to address the undervalued shares of the UK-based supermajor after the U.S. activist investor built a stake of nearly 5% worth about $4.75 billion (3.8 billion British pounds), the Financial Times reported on Thursday, quoting sources familiar with the matter. News of Elliott’s recently-built stake in BP, which now makes

Aggressive activist investor is gunning for Phillips 66

February 11, 2025

(Oil Price) – Elliott Investment Management is at it again, this time sinking its teeth into U.S. refiner Phillips 66 with a $2.5 billion stake and a laundry list of demands. The aggressive activist investor—best known for shaking up boardrooms and strong-arming CEOs into “unlocking value” (i.e., making changes that boost Elliott’s returns)—wants Phillips 66 to spin off its midstream business

BP teases fundamental reset of strategy to boost returns and cash

February 11, 2025

(Oil Price) – BP (NYSE: BP) on Tuesday pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust. “Building on the actions taken in the past 12 months, we now plan to fundamentally reset our strategy and drive further improvements in performance,

Bayswater E&P to sell DJ basin assets for $603 million

February 10, 2025

(World Oil) – Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company, has entered into an agreement to sell assets in the Denver Julesburg Basin (DJ Basin) to Prairie Operating Company in a cash and stock transaction valued at approximately $603 million. “Today’s agreement represents the culmination of years of work by our talented and dedicated DJ

Iran says U.S. sanctions will destabilise oil and energy markets

February 5, 2025

(Investing) – DUBAI – Iran’s oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry’s SHANA news outlet reported on Wednesday, after U.S. President Donald Trump said he would seek to drive Tehran’s oil exports to zero. “Depoliticising the oil market is a vital issue for energy security. Imposing unilateral sanctions against major oil producers and

Goldman Sachs: Brent crude could hit $93 if sanctions hit Iranian, Russian oil

January 31, 2025

(Oil Price) – Goldman Sachs analysts predict Brent crude prices could temporarily surge to $93 per barrel if sanctions successfully curb oil exports from Iran and Russia by a combined 1 million barrels per day (bpd). In a note shared by Zerohedge on X, the bank outlined a scenario where Iran faces persistent supply disruptions while Russia experiences temporary setbacks, tightening

Global energy transition investment exceeded $2 trln last year, report shows

January 30, 2025

(Investing)– LONDON – Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed on Thursday. WHY IT’S IMPORTANT Countries around the world are investing in and developing cleaner sources of power and infrastructure to meet climate targets under the Paris Agreement but many experts say the pace is not fast enough.

U.S. upstream oil & gas M&A hit $105 billion In 2024

January 29, 2025

(Oil Price) – Mergers and acquisitions in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third-highest annual total ever, energy analytics firm Enverus has revealed. However, last year’s tab came in well below a whopping $192 billion worth of tie-ups completed in 2023, which included the $60 billion acquisition of Pioneer Natural Resources by Exxon Mobil Corp. (NYSE:XOM). Earlier, Enverus predicted that

Europe’s strictest ESG funds hit by record outflows

January 29, 2025

(Oil Price) – Poor returns prompted investors to withdraw record amount of money from the EU’s funds with the strictest ESG standards, a report by market research firm Morningstar has shown. The EU’s Sustainable Finance Disclosure Regulation (SFDR), adopted in 2021, regulates and classifies funds according to their sustainability. The so-called Article 8 funds are registered as “promoting” ESG goals,

U.S. grid investments jump as AI leads power demand surge

January 28, 2025

(Oil Price) – A number of grid operators and utilities in the United States are planning billions of U.S. dollars worth of investments in power transmission lines and networks as American electricity demand rises after two decades of stagnation. The advancements in AI and the surge in electricity demand for powering and cooling data centers have prompted the utilities sector to

Citi: Trump can’t stop the energy transition

January 27, 2025

(Oil Price) – By reversing and axing most climate policies of the Biden administration, U.S. President Donald Trump will not be able to reverse progress in the energy transition as there is still a “compelling case” in favor of clean energy solutions, according to Citigroup’s analysts. “Clean energy is cheaper, more widely available, and more efficient,” Citigroup ESG analysts wrote in

Appetite for IPOs is strong, but watch those valuations, analysts say

January 24, 2025

(BOE Report) – The tepid reception to Venture Global’s ambitious valuation target shows companies need to set realistic expectations when going public, Wall Street analysts said, and could be a signal that the recovery in new offerings may be a cautious one. Touted as the first blockbuster listing of 2025, the LNG exporter was initially aiming for a price tag as

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