Petrolio e gas
Eneos Holdings announced Thursday it will buy Chevron’s 50 percent stake in Singapore Refining Company along with other Southeast Asian and Australian assets for nearly $2.2 billion. The transaction marks the Japanese firm’s first refining venture outside Japan and is slated to close in 2027.
Riportato dall'IA
Western Midstream Partners announced strong first-quarter results during an earnings call on May 12, driven by acquisitions and higher oil prices. The company highlighted growth across its operations.
The U.S. Department of the Interior announced on Monday that it will refund nearly $1 billion to TotalEnergies for two unused offshore wind leases in the Atlantic Ocean. In exchange, the French company pledged to invest the funds in existing oil and gas projects in the Gulf of Mexico and Texas. Critics called the deal opaque and unnecessary.
Riportato dall'IA
Baytex Energy has achieved a net cash position of C$800 million following the sale of its Eagle Ford assets and repayment of nearly all debt. Chad Lundberg will succeed Eric Gregor as CEO at the next annual meeting. The company's 2024 budget focuses on maintaining heavy oil output while expanding Duvernay light oil development.
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