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(Reuters) - For the first time, investors seeking to pour cash into U.S. clean energy projects can count on at least a decade of generous federal subsidies, offering them long-sought confidence in the staying power of the world’s third biggest renewables market. Tax credits for wind and solar projects have underpinned explosive growth in U.S.... Continue Reading →
Offshore drilling contractor Noble Corporation is seeing an increase in demand for offshore drilling rigs – its floater fleet was 100 per cent contracted in 2Q – and the rig owner expects this positive momentum to continue. In its latest fleet status report, issued on Monday, Noble Corp. said that its two jack-up rigs, the Noble Houston... Continue Reading →
(Rigzone) Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new report from Fitch Solutions Country Risk & Industry Research has noted. Overall, the group will raise annual capital expenditure by 19 percent in 2022 versus earlier guidance growth of 17 percent, the report, which was sent to Rigzone... Continue Reading →
(Reuters) Capricorn Energy should ditch its proposed merger with Tullow Oil, investor Palliser has said in a letter seen by Reuters, describing it as "one-sided" and short of "meaningful strategic rationale." "The Proposed Merger appears to us to be a poorly disguised nil-premium takeover of Capricorn by Tullow," said the letter which was dated Aug.... Continue Reading →
Oil and gas company BW Energy has signed an up to $300 million international Reserve Based Lending (RBL) facility, to finance further development work in a block offshore Gabon. The facility has an initial commitment of $200 million which can be expanded up to an additional $100 million. The secured long-term debt facility has been... Continue Reading →
(EV) Noble Corporation (NYSE: NE) has published full details of its offer for Maersk Drilling (CPH: DRLCO), setting out a timetable that would see the new company listed by 3 October. A UK-incorporated holding company – Noble Corporation plc (Topco) – has been set up for the purpose of completing the transaction, which could create... Continue Reading →
(Reuters) Japan's biggest oil and gas explorer Inpex Corp on Monday lifted its full-year net profit forecast by 17% as strong prices of oil and natural gas boosted its first-half earnings while a weaker yen also lent support. A rapid recovery in demand after the end of pandemic lockdowns and a surge in energy prices,... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3) informs its investors and the market in general that on August 5, 2022, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of concession contracts for two onshore production fields that form the Fazenda Belém Cluster, owned by Petróleo Brasileiro S.A.... Continue Reading →
(Reuters) - Singapore's Sembcorp Industries Ltd said on Friday its first-half profit surged nearly 11 times and also forecast a stronger fiscal 2022, as the utilities company reaped the benefits of higher energy prices at home and in India. The Conventional Energy segment, which made up 86% of total revenue last year, swung to a... Continue Reading →
ConocoPhillips on Thursday raised its shareholder payout target by 50% after the largest U.S. independent oil producer beat Wall Street's earnings estimates on surging energy prices. Oil and gas prices have skyrocketed with Western sanctions on major producer Russia throttling energy supply amid a rebound in demand from pandemic lows. Crude is trading about 25%... Continue Reading →
