BP Expands European Presence with Acquisition of GETEC ENERGIE
BP has reached an agreement to acquire GETEC ENERGIE GmbH, an energy supplier catering to commercial and industrial (C&I) clients in Germany.
The acquisition, when...
BP Appoints Murray Auchincloss as Chief Executive Officer
BP has announced the appointment of Murray Auchincloss as the company’s Chief Executive Officer (CEO), effective immediately.
Murray Auchincloss, who has been serving as the...
Shell Inks $1.3 bn Deal to Sell Nigerian Onshore Subsidiary
Shell has finalized an agreement to sell its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria (SPDC), to Renaissance, a consortium comprising four...
Chesapeake Energy to Acquire Southwestern Energy in $7.4 bn Deal to Become Largest U.S....
Chesapeake Energy has entered into an all-stock acquisition agreement with smaller rival Southwestern Energy valued at $7.4 billion. This deal positions Chesapeake Energy to...
Exxon Mobil’s California Exit Faces Obstacles Despite $2.5 bn Write-Down
In a bid to conclude half a century of offshore oil production in California, Exxon Mobil’s recent write-down of approximately $2.5 billion concerning troubled...
Shell Forecasts Up to $4.5 bn Impairment Charges in Q4, Eyes Sale of Singapore...
Shell revealed on Monday its anticipation of impairment charges reaching as high as $4.5 billion for the fourth quarter, primarily tied to the Singapore...
Enel Concludes $271 mn Sale of U.S. Renewable Assets to Ormat Technologies
Enel, Italy’s largest utility, has completed the sale of its renewable asset portfolio in the United States to Ormat Technologies for $271 million.
The move...
Exxon Mobil to Write Down $2.5 bn in California Assets, Warns of Reduced Operating...
Exxon Mobil has issued a cautionary note, announcing a projected write-down of approximately $2.5 billion concerning California assets in the fourth quarter. The largest...
Chevron Announces Massive Non-Cash Writedowns and Challenges in California Operations
Chevron revealed on Tuesday its intention to take significant non-cash writedowns relating to U.S. oil and gas production, notably in California, and expenses for...
RWE Names Peter Krembel as CEO as Top Management Undergoes Reshuffle
RWE today announced the appointment of Peter Krembel as CEO as the leading energy company undergoes reshuffle in the top management.
At the onset of...