E&P Highlights: June 30, 2023
Here’s a roundup of the latest E&P headlines including an update on Perenco’s project offshore Cameroon and a host of new contract awards in the upstream oil and gas industry.
E&P Highlights: June 26, 2023
Here’s a roundup of the latest E&P headlines including the go-ahead for Neptun Deep and new contract awards in the upstream oil and gas industry.
Freeport LNG Trains Full Steam Ahead [WATCH]
Freeport LNG’s three-train, 15-mtpa export facility off the Texas coast are online again after a major fire-related shutdown, to the appeasement of TotalEnergies and Osaka Gas, as well as the general LNG market.
Eni, Vår Energi Enter in $4.9B Deal for Neptune’s Assets
Neptune is retaining its German assets and selling its Norwegian assets to Vår, with Eni picking up Neptune’s remaining operations.
Morgan Stanley: US LNG Exporters Could See Cargo Cancellations
The investment bank Morgan Stanley warns U.S. LNG exporters could see cargo cancellations in the second half of 2023 due to robust gas storage injections in Europe and weaker demand for LNG in Asia.
Energy Bests All Sectors in Q1 Dividend, Buyback Yields
The energy sector’s combined buyback and dividend yields were 8.36% compared to the S&P 500’s overall yield of 4.05%.
E&P Highlights: June 12, 2023
Here’s a roundup of the latest E&P headlines including the approval of a North Sea project and new contract awards in the upstream oil and gas industry.
Shell Announces Conversion Dividend Payments
Shell’s eligible shareholders may receive USD, euro or pounds equivalent dividends on June 26.
Investor SCF Takes Full Ownership of Powerstar
Global investor SCF Partners, previously a minority shareholder in Powerstar, is taking full ownership of the smart energy solutions provider.
Shell Pivots Back to Oil to Win Over Investors
Shell's CEO is planning to scrap the company's annual oil output cut after meeting its goal early, but does plan on sticking to the energy transition strategy and still aiming to reach net zero emissions by 2050.