EnCap Investments LP plans to use a $6 billion war chest to drill oil and natural gas wells. now that dwindling investor interest has made it tougher for private equity players to offload shale assets.
Read More »Global Oversupply Sets Up LNG for a Year of Record Low Prices
Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption.
Read More »U.S. Sanctions Energy Traders. Tightening the Screws on Iran
The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals.
Read More »Exxon Looks to Divest UK. German Upstream Assets
Exxon Mobil plans to start gauging buyer interest in its UK and German upstream operations in the coming weeks as the oil major continues.
Read More »Brazil to Stay Out of OPEC to Make the Most of Output Expansion
Brazil. which became a net oil exporter last year. wants to expand its footprint in global energy markets without joining OPEC.
Read More »Goldman Says Oil Could Drop $3 If Virus Plays Out Like SARS
Oil markets are likely to take a hit from China’s deadly coronavirus. with aviation fuel suffering the most. if the SARS epidemic in 2003 is any guide. according to Goldman Sachs Group Inc.
Read More »Spain Nears Life Without Coal Sooner Than Anyone Thought
From Galicia in the north to Andalucia in the south — Spain’s old coal plants are running out of steam.
Read More »Apple Is Raising TSMC Chip Orders to Meet Strong iPhone Demand
Apple Inc. has asked chipmaking partner Taiwan Semiconductor Manufacturing Co. to increase its output of A-series processors this quarter in order to satisfy higher-than-anticipated iPhone demand.
Read More »Brazil Unlikely to Join OPEC as It Plans Unrestricted Output Expansion
The Latin American country is seeking feedback from global oil majors to improve participation in upcoming auctions.
Read More »China Coronavirus could Push Oil down by $3
Most of the demand loss will come from jet fuel as the risk of disease discourages travelers from getting on a plane.
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