Energy News
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...
Energy News
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...
Energy News
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...
Energy News
Chesapeake Energy to Acquire Southwestern Energy in $7.4 bn Deal to Become Largest U.S. Gas Producer
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...
Energy News
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...
Energy News
Shell Forecasts Up to $4.5 bn Impairment Charges in Q4, Eyes Sale of Singapore Hub
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...
Energy News
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...
Energy News
Exxon Mobil to Write Down $2.5 bn in California Assets, Warns of Reduced Operating Profits
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...