Business and Finance
Global energy technology company SLB (NYSE: SLB) has announced a definitive agreement to sell its interests in the Palliser Block, located in Alberta, Canada. This move marks a significant shift in SLB's asset portfolio and aligns with the company's focus on energy innovation and technology-driven solutions. The Palliser Block, acquired…
Woodside Energy to delist from London Stock Exchange
Australian oil and gas giant Woodside Energy Group Ltd has announced it will delist from the London Stock Exchange (LSE) following a review of its current structure. The company cited low trading volumes and a desire to reduce administration costs as the primary reasons for the decision. Woodside shares represented…
Chevron accelerates divestment strategy with US$6.5b Canadian asset sale
Chevron Corporation has taken a significant step towards its divestment target by announcing the sale of key Canadian assets to Canadian Natural Resources Limited (CNRL) for US$6.5 billion. This move comes just a week after Chevron's US$300 million sale of Alaska assets to ConocoPhillips, demonstrating the company's commitment to its…
Woodside secures long-term LNG supply agreement with Japan’s JERA
Woodside Energy Group Ltd has announced the signing of a significant long-term liquefied natural gas (LNG) supply agreement with JERA, Japan's largest utility company. The deal marks a major milestone in strengthening the strategic relationship between the two energy giants. Under the sale and purchase agreement (SPA), Woodside will supply…
Woodside Energy reports strong half-year results amid strategic acquisitions
Woodside Energy Group has released its financial results for the half-year ended June 30, 2024, showcasing robust performance and strategic growth initiatives. The Australian energy giant reported a net profit after tax of $1,937 million and an underlying net profit after tax of $1,632 million. The company's operational highlights include…
Woodside Energy to release 2024 Half-Year results on August 27
Woodside Energy will release its 2024 Half-Year results on Tuesday, August 27, 2024, and has provided line-item guidance for several key financial metrics ahead of the results presentation. Woodside has outlined the following expectations for the first half of 2024: Production costs are projected to be between $710 million and…
TotalEnergies to divest stake in Total PARCO Pakistan to Gunvor Group
TotalEnergies, a major player in the global energy sector, has announced its decision to sell its 50 per cent stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group. This move aligns with TotalEnergies' focus on concentrating its Marketing & Services operations in key geographies that offer growth and transition…
Woodside Energy acquires Tellurian Inc. for $900m
Woodside Energy Group Ltd has announced a definitive agreement to acquire Tellurian Inc. and its Driftwood LNG development project in an all-cash transaction valued at approximately $900 million. The deal, which represents $1.00 per share of Tellurian's outstanding common stock, has an implied enterprise value of about $1.2 billion. Woodside…