NatWest pledges £100billion of climate and sustainable finance as COP26 beckons
NatWest has announced a target of providing £100billion of sustainable and climate funding for customers by the end of 2025.
Markets
Top LNG exporter Qatar warns gas prices are at unhealthy levels
Qatar, the world’s biggest exporter of liquefied natural gas (LNG), warned that prices have climbed to “unhealthy” levels.
Russia offers to ease Europe’s gas crisis, with strings attached
With winter fast approaching and a stunning energy price surge pummelling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower.
China tells gas importers to bear high cost to fix energy crisis
China is urging its liquefied natural gas (LNG) importers to procure more supply to fix its energy crisis, while providing little financial support for firms paying record-high rates for the super-chilled fuel.
Asian LNG price soars to record-high on competition for fuel
Asian liquefied natural gas (LNG) prices surged to a record-high as global competition for the super-chilled fuel intensified amid low inventories and coal shortages.
China orders top energy firms to secure supplies at all costs
China’s central government officials ordered the country’s top state-owned energy companies -- from coal to electricity and oil -- to secure supplies for this winter at all costs, according to people familiar with the matter.
Taking the temperature: ESG investing in the energy industry
Global energy companies are shifting to ESG investing; but what are the drivers to decarbonise and the innovative approaches being deployed? In this new series, Mike Scott takes the temperature of the industry’s response to date, as well as the challenges ahead that this shift will present.
The global gas crunch may switch off lights in Pakistan
Pakistan only started importing liquefied natural gas (LNG) six years ago, but its growing dependence on the super-chilled fuel is starting to turn into a nightmare.
Surging gas prices squeeze PetroChina with $3bn loss looming
While most gas suppliers look set to benefit from a global spike in gas prices, PetroChina (HK:857) is one of the few exceptions, as regulated prices and rising gas import losses are set to squeeze China’s largest gas producer.
‘A merger of almost equals’: Jefferies on reported Harbour – Neptune plans
A merger of Neptune and Harbour Energy would create a company with market capitalisation of $10bn - $11bn, according to new analysis from Jefferies.
JCB heir Jo Bamford launches hydrogen investment fund
Jo Bamford, heir to the $10billion fortune of the family behind construction equipment firm JCB, has co-founded an investment fund for the hydrogen sector.
‘We’re entering a growth cycle’ – Wood boss Robin Watson says Aberdeen firm has momentum in its favour
Wood chief executive Robin Watson said today (August 24) the Aberdeen firm's conventional energy business is "stable" and its other activities gaining momentum after an "inflection point" for the group earlier this year.
Major energy suppliers confirm autumn price increases
Two more major energy suppliers have confirmed autumn price hikes for millions of households in line with Ofgem's price cap increase.
i3 Energy wraps up £39m Canadian acquisition
London-listed i3 Energy has completed the £39 million acquisition of a package of Canadian oil and gas assets from Cenovus Energy.
A new wave of consolidation in North Sea energy markets
Anderson Anderson & Brown Corporate Finance (“AABcf”) is delighted to share with you our Deals+ update for H1 2021 in conjunction with Energy Voice, highlighting selected Energy M&A and Fundraising transactions across the UK
Maven acquisition is now complete in deal worth up to £100m
Mattioli Woods has completed the acquisition of private equity firm Maven Capital Partners in a deal worth up to £100 million.
i3 Energy shares jump as firm touts maiden dividend payment next month
Shares in London-listed i3 Energy jumped this morning after the firm said its maiden dividend could be paid out next month.
New debt facility sets up EnQuest to complete Golden Eagle swoop
EnQuest has clinched a new £530 million debt facility, smoothing a path for its refinancing and acquisition of stakes in the Golden Eagle field.
North Sea firm Orcadian Energy aims to raise £5m via London IPO
North Sea oil firm Orcadian Energy intends to raise £5 million via an initial public offering (IPO) in London.
Maven to be acquired by Mattioli Woods in deal worth up to £100m
An ownership shake-up is on the way for a string of north-east companies as Mattioli Woods makes a potential £100 million swoop for private equity firm Maven Capital Partners.
Montrose FC chief adds new financial advisory role
An Aberdeen financial adviser has recruited the chief executive of Montrose Football Club to help grow its business.
Neptune hiring JP Morgan to advise on options, including IPO, report says
Neptune Energy is hiring US bank JP Morgan to explore strategic options for the business, including an initial public offering, a news report said.
Neptune Energy working with Rothschild as it studies IPO
Neptune Energy, the oil and gas explorer backed by Carlyle Group and CVC Capital Partners, is working with financial adviser Rothschild & Co. to explore potential options including an IPO, according to people familiar with the matter.
Tesla to stop accepting Bitcoin as payment
Electric car maker Tesla will stop accepting Bitcoin as a payment due to concerns about the environmental impact of the cryptocurrency.
Petrofac chief financial officer set for pastures new
Petrofac said today that its chief financial officer, Alastair Cochran, will leave the energy services firm.