Exclusive-Quantum Energy offers $2.25 billion debt fund with fossil fuel opt-out
Quantum Energy Partners is raising a $2.25 billion fund that will lend to U.S. oil and...
Quantum Energy Partners is raising a $2.25 billion fund that will lend to U.S. oil and gas firms as well as energy companies transitioning away from fossil fuels, allowing investors to pick whether they back activities that lead to higher greenhouse gas emissions, according to people familiar with the matter.
Heeding these concerns, Quantum decided that its new fund will have two sleeves: a $1.5 billion tranche for lending to oil and gas producers and a further $750 million for companies supporting the transition away from fossil fuels, the sources said. Investors can choose if they want to invest in one or both.
EOG Resources reported fourth-quarter 2021 results. Record quarterly adjusted net income...
EOG Resources reported fourth-quarter 2021 results. Record quarterly adjusted net income was $1.8 billion, or $3.09 per share, and $2.0 billion of free cash flow. Capital expenditures are in-line with guidance while oil production is above guidance mid-point. The Company also declared a regular dividend of $0.75 per share and a special dividend of $1.00 per share.
Chevron said it is monitoring markets after Russia invaded Ukraine and can adjust crude...
Chevron said it is monitoring markets after Russia invaded Ukraine and can adjust crude supply through its trading organization to meet market demand.
Chevron U.S.A., a subsidiary of Chevron, announced it has made a new investment in Carbon Clean. As part of the new investment, Chevron and Carbon Clean are seeking to develop a carbon capture pilot for Carbon Clean’s CycloneCC technology on a gas turbine in San Joaquin Valley, California.
ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited.
From Twitter: Russian Stock Market is Down and Out
After yesterday's huge loss, reports today are that the Russian Stock Market is now closed indefinitely....
After yesterday's huge loss, reports today are that the Russian Stock Market is now closed indefinitely.
The Russian stock market lost all of its gains from the past 4 years in a single day today. The Dow Jones was up 0.28%. Which shows you the sheer scale of the economic mismatch between Russia and the US & EU. pic.twitter.com/DBBzLlKb6e
Freight rates are soaring as crude buyers struggle to find shippers willing to send their vessels into...
Freight rates are soaring as crude buyers struggle to find shippers willing to send their vessels into Russian ports because of the shelling in and around Ukraine.
The rate to book an Aframax vessel to load at one of Russia’s Baltic Sea ports to western Europe almost tripled on Thursday from the previous day, according to traders and shipbrokers. The bulk of Russia’s flagship Urals crude that loads in the northern European ports is usually sold to western buyers, although they sometimes go into China and India.
On Thursday, freight rates for cargoes from the Persian Gulf to the U.S. Gulf coast rose 12% from a day earlier. Middle East cargoes are likely to benefit further as an alternative that avoids the conflict zone around the Black Sea, according to the traders.
