EQT Sells Remaining Pennsylvania Non-op Assets to Equinor for $1.25B
EQT’s Northeast Pennsylvania divestiture to Equinor is the second deal between the two companies this year following a large swap of Marcellus assets in April.
WoodMac: $3.5 Trillion Needed Annually to Hit Net Zero Targets
Higher demand for oil, gas and coal will delay peak emissions past 2030 and push the world beyond Wood Mackenzie’s base transition case and closer to a 3 C pathway, the consultancy said in a new report.
Asia, EU Buyers Warming Up to US Shale M&A Again—Jefferies
Foreign asset buyers are considering U.S. upstream M&A to lower their LNG supply costs and avoid windfall taxes on European operations, Jefferies Managing Director Bill Marko says.
Energy Transition in Motion (Week of Oct. 25, 2024)
Here is a look at some of this week’s renewable energy news, including a U.S. Geological Survey-led study pointing to massive estimated lithium reserves in the Arkansas Smackover.
Dividends Declared the Week of Oct. 21
With third-quarter 2024 earnings underway, here is a compilation of dividends declared from select midstream and service and supply companies in the week of Oct. 21.
PE Firm KKR Buys Stake in Eni’s Biofuels Business for $3.2B
KKR will buy nearly a quarter of Eni’s Enilive, which values the biofuels unit at about $12.7 billion.
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.
Energy Transition in Motion (Week of Oct. 18, 2024)
Here is a look at some of this week’s renewable energy news, including approval of a 2-gigawatt geothermal project in Utah.
IEA: North America to Lead LNG Supply Growth in 2025
U.S. LNG projects ranging from Plaquemines LNG Phase 1 to Corpus Christi Stage 3 are set to account for around three-quarters of the global incremental supply coming online in 2025, according to the Paris-based International Energy Agency (IEA).
Phillips 66 Sells Interest in Swiss-based Petrol Station Operator
Phillips 66 Ltd. is selling its 49% non-operated equity interest in Switzerland’s Coop Mineraloel, an operator of retail sites and petrol stations.