ADNOC Walks Away From $18.7 Billion Santos Takeover
Abu Dhabi’s energy major ADNOC has pulled a $18.7-billion bid for Australia’s Santos as the two failed to reach an agreement on the valuation of the company and the terms…
Fed Makes First Quarter-Point Rate Cut, Signals More to Come
Oil prices declined in Wednesday’s intraday trading after the U.S. Federal Reserve cut its benchmark interest rate by 25 basis points, marking the first cut since December 2024, and signaled…
Adnoc withdraws $18.7bn offer for Santos
An Adnoc-led consortium has withdrawn its $18.7bn offer for Australian gas company Santos – surprising markets following a lengthy due diligence process. The bid, unveiled in March and formally proposed…
Japan shipping firm buys carbon removal credits to offset emissions
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has purchased carbon dioxide removal (CDR) credits from carbon capture, utilisation, and sequestration (CCUS) company 1PointFive. The CDR credits will be produced…
Japan shipping firm buys carbon removal credits to offset emissions
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has purchased carbon dioxide removal (CDR) credits from carbon capture, utilisation, and sequestration (CCUS) company 1PointFive. The CDR credits will be produced…
Kazakhstan Resumes Oil Exports via Baku–Tbilisi–Ceyhan After Suspension
Kazakhstan has restarted oil shipments through the Baku-Tbilisi-Ceyhan (BTC) pipeline after a one-month suspension, restoring a key westward export route that bypasses Russia. State company KazMunayGas confirmed that 8,800 tonnes…
Morgan Stanley Reshapes Energy Investment Banking
Morgan Stanley is merging its Global Energy and Global Power & Utilities investment banking teams into a single worldwide unit, a move aimed at sharpening its coverage of clients across…
Japan’s JERA Looks to Seal $1.7 Billion U.S. Shale Gas Deal
Japanese energy firm JERA is in advanced discussions to buy shale gas assets in the United States worth about $1.7 billion, sources with knowledge of the talks have told Reuters. …
Chevron and Israel to Build Gas Pipeline to Egypt
Chevron and state-owned Israel Natural Gas Lines Ltd have signed an agreement to build a natural gas pipeline from Israel’s giant Leviathan gas field to Egypt, Leviathan project participant NewMed…
Top Oil Traders Vie to Buy Chevron’s 50% in Singapore Refinery
Commodity trading giants Vitol and Glencore are set to formally bid to buy Chevron’s 50% stake in a major refinery in Singapore, Reuters reported on Wednesday, citing several sources with…
