XRG Walks Away From $19B Santos Takeover
Abu Dhabi National Oil Co. dropped its planned $19 billion takeover of Australian natural gas producer Santos Ltd.
Abu Dhabi National Oil Co. dropped its planned $19 billion takeover of Australian natural gas producer Santos Ltd.
Oil dipped as a Fed rate cut and weak labor signals outweighed bullish stockpile data.
U.S. President Donald Trump said over the weekend that he's prepared to move ahead with 'major' sanctions on Russian oil if European nations do the same.
'We are excited to announce the acquisition of these high-quality assets', Danny Brown, Chord Energy's President and Chief Executive Officer, said.
New Fortress Energy agreed contract terms with local authorities to continue delivering natural gas for Puerto Rico's power system for seven more years.
CPS Energy signed an agreement to acquire four natural gas power plants operated by ProEnergy in the ERCOT area for $1.387 billion.
The U.S. Energy Information Administration expects U.S. crude oil production to drop next year, according to its latest short term energy outlook.
'This foreign direct investment into the Kingdom ... highlights the appeal of Aramco's long-term strategy to the international investment community', Aramco President and CEO Amin H. Nasser said.
Ukraine attacked the Saratov crude refinery in Russia's Volga region overnight as Western nations seek to push President Vladimir Putin to the negotiating table.
The contracts will support the Japanese oil and gas company's drilling campaigns offshore Indonesia.