Investment

Berkshire Given FERC OK to Buy Half-Stake in Oxy; Shares Jump

Berkshire Given FERC OK to Buy Half-Stake in Oxy; Shares Jump

Warren Buffett’s Berkshire Hathaway Inc. on Friday was given federal approval to acquire “up to 50%” of Occidental Petroleum Corp.’s common shares. In the filing to FERC initially in July, Berkshire noted that it already owns 18.72% of the outstanding shares of Oxy, as it is commonly known (No. EC22-87-000). The purchases would be completed…

August 19, 2022
Riverbend Energy Sells $1.8B in Lower 48 Assets to Undisclosed Buyer

Riverbend Energy Sells $1.8B in Lower 48 Assets to Undisclosed Buyer

Houston-based investment firm Riverbend Energy Group said it has found a buyer for the sale of $1.8 billion in upstream equity interests. The assets include nonoperated interests across the Bakken/Three Forks, Utica, Fayetteville and Haynesville shale formations. The properties produce about 47,000 boe/d from 11,000 wells, the company said. A spokesperson would not comment on…

June 17, 2022
Oil, Natural Gas Spending Across World to Increase This Year, Rystad Says

Oil, Natural Gas Spending Across World to Increase This Year, Rystad Says

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…

January 12, 2022
Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…

January 11, 2022
Many LNG Export Projects ‘Not Needed’ in IEA Net-Zero Model

Many LNG Export Projects ‘Not Needed’ in IEA Net-Zero Model

Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…

May 21, 2021
United States Said ‘Most Attractive’ in Global Renewables Market

United States Said ‘Most Attractive’ in Global Renewables Market

The United States has the most attractive market for renewable energy investment following the Biden Administration’s plan to transition to a lower-carbon power grid as part of the $2.25 trillion American Jobs Plan, according to rankings data from IHS Markit.  The rankings put the United States in the number one spot for the period ending…

May 14, 2021
EU Firms Up Green Investment Criteria, with Natural Gas Considered Later

EU Firms Up Green Investment Criteria, with Natural Gas Considered Later

The European Commission on Wednesday punted the question of natural gas as an energy transition fuel down the road as it moved closer to making official criteria for what it considers a “green” investment. The College of Commissioners reached a political agreement on the European Union (EU) Taxonomy Climate Delegated Act, which aims to provide…

April 21, 2021
Biden Looking to Overhaul Nation’s Power Grid, Transit Systems in Historic Infrastructure Plan

Biden Looking to Overhaul Nation’s Power Grid, Transit Systems in Historic Infrastructure Plan

President Biden on Wednesday asked Congress for a massive infusion of funding to overhaul the nation’s power grids and expand renewable energy as part of a landmark program designed to fight climate change and expand American jobs. The estimated $2 trillion American Jobs Plan, if enacted by a split Congress, would be the most ambitious…

March 31, 2021
Clear Rules Will Boost Mexico Energy Investor Confidence, Veteran Expert Says

Clear Rules Will Boost Mexico Energy Investor Confidence, Veteran Expert Says

“Based on my day-to-day experience dealing with clients and different actors in the energy sector, I think the main concern in the industry is that the rules established for private investment are respected,” said Graciela Álvarez Hoth, CEO of risk management and energy consultancy firm NRGI Broker, who has more than 30 years of experience…

December 11, 2020
New Midstreamer Humble to Pursue Acquisitions, Greenfield Projects with EnCap Backing

New Midstreamer Humble to Pursue Acquisitions, Greenfield Projects with EnCap Backing

Newly formed Humble Midstream LLC said Tuesday it has secured an initial $300 million capital commitment from private equity firm EnCap Flatrock Midstream, aka EFM. “Based in Denver and formed in mid-2020, Humble Midstream is an independent energy company focused on acquiring and building midstream assets in conventional and unconventional plays across North America,” the…

December 2, 2020
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