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...The fund, raised by the group’s Brookfield Infrastructure Partners arm, is the largest-ever dedicated to investing in assets such as airports, toll roads, pipelines and natural gas export plants....
...This includes the CPC pipeline carrying oil from Kazakhstan through Russia to the global market. Western companies including ExxonMobil and Chevron use the pipeline, which Moscow briefly shut in 2022....
...The Barossa Project is a crucial development for Santos, the A$24bn ($15.7bn) Adelaide-based company that traces its roots to the 1950s....
...dioxide pipeline network through the acquisition of oil group Denbury....
...ExxonMobil remains on the hunt for deals even after unveiling its biggest transaction this century, the company said on Friday, as it and rival Chevron reported profits that fell short of Wall Street expectations...
...with GHGSat, a company backed by a climate investment fund founded by OGCI....
...ExxonMobil, the largest US oil company, has been scouring for deals to expand production and is flush with cash after higher energy prices delivered bumper profits....
...British drugmaker GSK also spent $1.4bn on Anglo-American biotech Aiolos Bio to restock its respiratory pipeline. Merck and medical device maker Boston Scientific also announced acquisitions....
...The company reported a $40mn drop in expenses on an annualised basis during the quarter, about 85 per cent of which came from pay....
...“The environment right now is very positive for the oil and gas industry,” Alan Armstrong, chief executive of Williams, the biggest US gas pipeline company, told the Financial Times....
...The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week....
...The company expects to save about $40mn in annual costs from the deal....
...EQT recently struck a large deal to acquire family-owned Heritage Environmental Services, which handles waste and industrial by-products from chemical plants, pipelines, rare earths manufacturing and semiconductors...
...The collective market capitalisation of the group — comprising ExxonMobil, Chevron, ConocoPhillips, EOG, Pioneer Natural Resources, Occidental Petroleum, Hess, Devon Energy, Diamondback Energy and Coterra...
...But by hitching the company to Oneok, a fellow Oklahoma-based pipeline company that primarily ships natural gas and natural gas liquids, it would create a “more powerful growth engine” with more room to...
...But several people familiar with the fund’s workings said Ubben had alienated the ESG community by investing in companies that would not traditionally fall into that bracket, including oil supermajor ExxonMobil...
...US pipeline companies are the bass players in oil industry rock bands: steady plodders for the most part rather than starry shredders such as ExxonMobil and Chevron....
...“Gas is a different type of resource because you need pipelines, infrastructure and long-term customers,” he said....
...Job moves BDT & MSD Partners’ global head of client services Dina Powell McCormick will join the board of ExxonMobil, as of January 1....
...Many an old economy company has tried to rebrand itself as a modern tech upstart, with mixed success. But for Denbury the plan seems to be working....
...ExxonMobil is doubling down on its carbon management business, announcing an almost $5bn deal for Denbury Resources that would give the oil supermajor access to the biggest pipeline network in the US for...
...Energy Source readers may remember that ExxonMobil announced a similar exit in 2022, only for the deal to lose the support of the Nigerian presidency. Eighteen months later it is still incomplete....
...The deal, announced on Sunday, will create a company with an enterprise value of $60bn and a sprawling 25,000-mile network of pipelines stretching from North Dakota to Texas....
...He continued to co-own the company until January 2023, when a Moscow court nationalised 92.4 per cent of Fesco’s shares....
...But the project ran into trouble early on when the company detected excess water entering its pipeline and injection well facilities — a corrosion risk that led to a three-year delay to its start up....
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