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...It also raised $2bn from separate vehicles that will co-invest alongside the fund, bringing the total amount of capital raised to $30bn....
...David Luboff, KKR’s co-head of Asia-Pacific and regional head of infrastructure, said he expected more dealmaking activity this year after a dearth in 2023, with many new sources of capital, including direct...
...Large utility, telecommunications, energy and technology groups are selling off assets to private buyers to bolster profits, fuelling what KKR expects to be trillions of dollars in investment opportunities...
...While conventional energy companies such as Shell are focused on changing how energy is supplied, KKR could also invest in areas including vehicle electrification, hydrogen consumption and battery systems...
...Other than supplying raw materials such as nickel — Indonesia has the world’s largest reserves of the metal used in batteries — the country could also be a centre for EV production and carbon monetisation...
...The collective market capitalisation of the group — comprising ExxonMobil, Chevron, ConocoPhillips, EOG, Pioneer Natural Resources, Occidental Petroleum, Hess, Devon Energy, Diamondback Energy and Coterra...
...Miller, a co-founder of Crown Castle, said the “co-operation agreement” that Crown Castle signed with Elliott, which gave the fund a board seat, was a ploy by the incumbent directors of the telecoms group...
...Dealmakers in Texas told DD that the top target for Conoco could be Devon Energy, which has a strong Permian presence and a market value of $27bn and fits its aspirations of going big....
...Scott Nuttall, co-chief executive of KKR, recently highlighted the private equity group’s infrastructure business, including new funds dedicated to the energy transition, as a major source of growth....
...But executives think AI could improve supply chains and production....
...Plastics are relatively light and require less energy to manufacture and transport than some alternative applications, according to the report....
...The argument for projects such as Xlinks is that renewable energy production in extremely sunny or windy places creates big cost advantages....
...This raises the question: why would Universal, a publicly traded company with a market value of some $50bn, partner up with a former energy trader to bankroll its acquisitions?...
...Pete Stavros, co-head of private equity at KKR, for example, has in recent years thrown huge energy into an initiative called Ownership Works, which gives a stake in private equity-owned companies to employees...
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...American chief financial officer Devon May on Thursday told analysts the carrier expected 20 Max 8 deliveries this year. In October, the airline had pencilled in 25 Max family deliveries for 2024....
...Hydrogen is often hyped as the “Swiss army knife” of the energy transition because of its potential versatility in decarbonising fossil fuel-intensive energy production and industries....
...After all, no carmaker has yet managed to achieve mass production and Nissan’s solid-state factory remains home to hopes rather than actual machinery. david.keohane@ft.com...
...“That will require the EU to rely more on domestic production, which could see prices increase as well as the use of gas for electricity generation,” it said, adding that in the long term co-operation with...
...In the medium term, this effectively eliminates consideration of pipelines and onsite co-located production....
...Turn2X’s modular production model could scale in sunny Italy, Greece, and Portugal, to avoid the hassle and costs of shipping, co-founder Benedikt Stolz said. Obstacles ahead . . ....
...“The federal executive cannot have a long-term vision because the government only lasts six years — you need another mechanism,” said Rosanety Barrios, co-ordinator of energy advisers for Gálvez....
...The price of Brent crude has surged more than 25 per cent to $95 a barrel since June following co-ordinated cuts in production by Saudi Arabia and Russia....
...Last week, Rosatom announced it had signed nuclear energy “co-operation” agreements with Mali, Burkina Faso and Algeria during the two-day Atomexpo energy conference, held in the Russian city of Sochi....
...And here’s what else I’m keeping tabs on today: Company results: Devon Energy, Constellation Energy, Lowe’s, JM Smucker, Norwegian Cruise, and Macy’s report earnings before the bell....
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