TotalEnergies Buys UK Power Plant from EIG for $575MM
TotalEnergies signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million (US$575 million).
E&P Highlights: May 20, 2024
Here’s a roundup of the latest E&P headlines, including development of the Belinda Field in the North Sea to new contract awards and service company acquisitions.
Boralex Secures Financing for UK Wind Farm
Boralex' project, located in Scotland, is the company’s largest project in Europe, capable of powering 100,000 British homes.
E&P Highlights: May 6, 2024
Here’s a roundup of the latest E&P headlines, including technology milestones and new contract awards.
Pitts: US, Qatar Face off in LNG ‘Olympics’
In the LNG exporting space, the U.S. is squaring off with its fiercest competitor, Qatar, with both countries expected to outpace Australia
NSTA Offers 31 More Licenses in Latest Licensing Round
The leasing round attracted 115 bids from 76 companies vying for 257 blocks and partial blocks in the U.K. Continental Shelf.
Phillips 66 Weighs Divestments, Targets Renewable Fuel Increase
Phillips 66 looks to boost renewable fuels production by 67% through the end of the second quarter 2024 at its Rodeo complex in San Francisco while weighing a potential divestiture of its retail marketing businesses in Austria and Germany.
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.
E&P Highlights: April 22, 2024
Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
BP Restructures, Reduces Executive Team to 10
BP said the organizational changes will reduce duplication and reporting line complexity.