Shell Channels $40B in Assets to Goldman Sachs in OCIO, Advice Deal
Goldman Sachs Asset Management will manage Shell’s international pension fund assets in Europe and provide advisory services for funds in North America on behalf of the oil company.
Baker Hughes Joins Giant California Geothermal Power Project
By Laila Kearney Baker Hughes to collaborate on 500-megawatt project Geothermal energy gains interest from Big Tech for AI power needs CTR’s Hell’s Kitchen project spans 4,500 acres near Salton Sea Baker Hughes to help raise capital for Hell’s Kitchen project NEW YORK, Sept 9 (Reuters) – U.S. oilfield services firm Baker Hughes (BKR.O) is …
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How a New Russia-China Gas Pipeline Could Reshape Global LNG Trade
The Gazprom PJSC Atamanskaya compressor station, part of the Power of Siberia 1 gas pipeline, near Svobodny, Russia. Photographer: Andrey Rudakov/Bloomberg Russia and China appear to be moving forward with a major natural gas pipeline between their countries after years of stalled negotiations. Russian energy giant Gazprom PJSC said it has signed a legally binding …
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China’s Pipeline Diplomacy Is a Nightmare for US Gas
The revival of a project that would transport Russian gas to China has the potential to upend Trump’s plans for energy dominance. By Liam Denning It’s a potential prize fight for the ages: US “energy dominance” versus the Power of Siberia. A proposed pipeline to bring natural gas from Russia, across Mongolia and into northern …
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Phillips 66 Buys Cenovus’ 50% Stake in Refinery JV for $1.4B
Cenovus will sell its share of The WRB Refining LP to Phillips 66, following Cenovus’ $5.7 billion deal to purchase MEG Energy Corp. in August.
Exxon, Chevron See China Gas Growth Even With Russia Link
By Mitchell Ferman, Alberto Brambilla, and Anna Shiryaevskaya Exxon Mobil Corp. and Chevron Corp. are bullish on China’s future appetite for liquefied natural gas even if Russia succeeds in adding another pipeline to the Asian nation. That’s because China, the world’s largest coal consumer, still has a long way to go to switch to cleaner …
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BlackRock’s GIP Sees ‘Enormous’ Opportunity in Geothermal Energy
By Ishika Mookerjee Clean energy projects focused on geothermal and nuclear power have the potential to unlock huge returns for investors, according to an executive at BlackRock Inc.’s Global Infrastructure Partners. “Geothermal is a part of energy dominance, nuclear is a part of energy dominance,” said Salim Samaha, head of transition fund at the infrastructure investor, which …
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Diversified Energy Expanding Leadership Position in Oklahoma with Accretive Acquisition of Canvas Energy
Download as PDF Diversified Energy Expanding Leadership Position in Oklahoma with Accretive Acquisition of Canvas Energy Delivers Approximately 18% and 29% Increase in Adjusted EBITDA and Free Cash Flow, Driven by a 13% Increase in Production While Adding Proved Reserves Complementary Producing Assets and Adjacent Acreage Expected to Drive Meaningful Synergies and Asset Optimization Opportunities …
Asian Demand for US LNG Unshaken by China-Russia Pipeline Plans, Says Venture Global CEO
Recent gas agreements between China and Russia are unlikely to weaken Asian demand for U.S. liquefied natural gas (LNG), according to Michael Sabel, CEO of Venture Global LNG, the second-largest U.S. exporter of the fuel. China, the world’s largest LNG importer, signed deals on September 2 to boost gas supply through the existing Power of …
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Belcher: New Opportunities for Orphan Well Reclamation
Funds from the Bipartisan Infrastructure Law and state initiatives are supporting continuous plugging efforts.