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...Other prominent industry bosses to attend the summit included Occidental Petroleum’s Vicki Hollub, ENI head Claudio Descalzi and RWE’s Markus Krebber....
...Ithaca Energy has agreed a deal to acquire almost all of Eni’s UK oil and gasfields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea’s largest producers...
...The London-listed company, which has a market capitalisation of nearly £1.5bn, said it had entered a four-week exclusivity period to bid for “substantially all” of Eni’s UK upstream operations, including...
...Ithaca could acquire all of Eni’s UK upstream oil and gas assets in exchange for new Ithaca stock. Eni would hold 38 to 39 per cent of the enlarged group under the limited details released so far....
...The company declined to comment on the profit figure, which dwarfed its biggest competitors and was larger than some of the world’s biggest oil producers, including Italy’s Eni....
...Eni’s adjusted net profit for 2023 was €8.3bn, down from €13.3bn the previous year....
...Abel appeared relaxed as he spoke about how the BNSF railroad was performing, how Buffett had approached his investment in Occidental Petroleum, as well as how it was handling litigation over wildfires —...
...The 68-year-old Shell Petroleum Development Company of Nigeria will be acquired by a consortium of local and international companies for at least $1.3bn, the UK-listed oil major said on Tuesday....
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
...But for Canada’s oil companies, it means diversifying sales that have long been yoked to refineries in US Midwest and Gulf Coast states....
...Equatorial Guinea wanted a foreign company to take over the assets from Exxon and has been wooing international oil companies including Eni, the Italian producer, and several Nigerian companies, according...
...Lego is fundamentally a product that is petroleum-based. I mean, ABS plastic has a core element of petroleum. Their entire product is based on oil....
...Italy’s Eni announced in September it would sell its onshore subsidiary to Oando, a local company. Before that, China’s Addax sold its four oil blocs to state oil company NNPC last year....
...petroleum products at higher national prices, generating outsized profits....
...The two biggest US oil companies have set off a race to secure petroleum reserves for the decades ahead, inking multibillion-dollar transactions to snap up the most promising production hotspots despite...
...BlackRock is set to invest $550mn into the world’s biggest direct air capture project, which is being developed by Occidental Petroleum, in a sign of growing investor confidence in the nascent technology...
...Rigas, a petroleum engineer and former energy banker, founded Energean in 2007....
...Rival energy groups Neste, Eni, Repsol, Galp Energia, BP, Shell and OMV also appear in many funds, although ISR funds may not have to sell some of these, such as Finland’s Neste....
...fund in Occidental Petroleum’s carbon capture project....
...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...Berkshire also added to his positions in Capital One and oil producer Occidental Petroleum....
...Irving Oil, the owner of Canada’s largest petroleum refinery, has launched a strategic review of the private company that could result in a sale or a change in its sprawling energy portfolio....
...As such, state oil company NNPC cannot meet its output targets....
...Its 25 per cent stake in Occidental Petroleum means part of the oil company’s profits are reported on Berkshire’s income statement....
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