Baker Hughes Bets on LNG, Data Center Demand With $13.6 Billion Chart Industries Deal
By Baker outbids Flowserve to buy Chart Baker offers $210/shr, about 22% premium Expects $325 million in annual cost synergies in third year July 29 (Reuters) – Oilfield services firm…
Utility Duke Energy to Sell Tennessee Natural Gas Business for $2.48 Billion
By July 29 (Reuters) – Duke Energy (DUK.N) said on Tuesday it would sell its Tennessee natural gas distribution business to Spire (SR.N) for $2.48 billion in cash, as the…
Foreign Oil Companies in Venezuela Await US Authorizations, Sources Say
(Reuters) – About a half dozen foreign partners of Venezuela’s state-owned oil company PDVSA are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh…
Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy
Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes’ Industrial & Energy Technology segment Chart Industries brings differentiated capabilities across a diverse set of end…
Baker Hughes Nears $13.6 Billion Deal to Buy Chart, Edging Out Flowserve, FT Reports
Oil and gas equipment supplier Baker Hughes is nearing a $13.6 billion cash deal to buy Chart Industries, edging out rival suitor Flowserve, the Financial Times reported on Monday, citing…
Oil Climbs on EU Trade Deal, Potential US-China Tariff Truce Extension
Summary Brent crude hits highest level since July 18 on Monday US and China officials at Stockholm for trade talks Trump’s shorter deadline for Russia on Ukraine war raises oil…
Enterprise Sees Resilience in Permian Despite Weak Oil Prices
By and , one of the largest pipeline operators in the Permian Basin, sees oil production in the region holding up this year despite an expected drop in crude prices.…
Venture Global Reaches Final Investment Decision for CP2 LNG Project
(Reuters) – Venture Global said on Monday it had reached a final investment decision and successfully closed the $15.1 billion project financing for the first phase of the CP2 LNG…
COMMENTARY: EU’s Pledge for $250 billion of US energy Imports is Delusional
Trump and EU Commission President Ursula von der Leyen announced the deal for a 15% tariff on U.S. imports of EU goods at the U.S. leader’s golf course in Scotland…
Russia’s Medvedev Calls EU-US Deal ‘Anti-Russian’ Over Potential Fallout for Russian Oil and Gas
(Reuters) – Former Russian President Dmitry Medvedev said on Monday that a framework trade agreement struck between the European Union and the United States was “anti-Russian” likening it to a…
