‘I live in the oil capital of Europe – why are my energy bills going up?’
Despite Aberdeen’s status as a global energy hub, household bills are subject to larger market forces, as Energy Voice explains.
Markets
UK Energy Sector undergoes much needed rebound throughout 2021
Anderson Anderson & Brown Corporate Finance (AABcf) is delighted to share with you our Deals+ update for Q4 2021 in conjunction with Energy Voice, highlighting selected Energy M&A and Fundraising transactions across the UK.
‘More energy, less emissions’: TotalEnergies, Harbour and Serica Energy bosses on North Sea future
“More energy and less emissions” is how TotalEnergies’ North Sea boss summarises the company’s strategy for the coming years. And that, broadly speaking, is reflected across the plans of others too.
Oil fluctuates as red-hot rally cools after seven weekly gains
Brent oil fluctuated in Asian trading following a run of seven weekly gains that’s pushed crude to the highest level since 2014.
Roaring oil market heads for seventh weekly gain as WTI tops $90
Oil headed for a seventh weekly gain as investors fret over a fast-tightening market, geopolitical tensions and freezing weather in the US.
Shell celebrates ‘momentous’ 2021 results with $8.5 billion share buyback and dividend raise
Shell (LON:SHEL) has hailed a “momentous year” in 2021, making dual announcements to keep shareholders happy as profits surged for the energy giant.
Italy weighs bolstering Saipem management after profit warning
Italy’s state-backed lender may push to appoint executives that will join Saipem SpA’s management team after the oil drilling specialist issued a surprise profit warning this week, according to people familiar with the matter.
Oil edges lower as traders digest OPEC+ decision to add barrels
Oil eased from a seven-year high as traders waited to see whether OPEC+ can deliver on its latest promised increase in supply.
Activist fund claims Hurricane’s Lancaster field could produce more for longer
Investment fund Crystal Amber has claimed that prospects for the flagship Hurricane Energy Lancaster field may be better than have been presented, and that it could sustain production to 2025.
Three-quarters of energy firms looking to make a deal in 2022
A new report from law firm CMS finds that 75% of energy companies are considering an acquisition and/or divestment this year, as European energy M&A sees its strongest performance in 15 years.
Shell marks first day trading single line of shares
No longer Royal or Dutch, Shell plc confirmed Monday that the merging of the company’s A and B shares into a single line of ordinary shares had concluded on Saturday January 29.
Saipem issues profit warning as offshore wind margins hit
Italian oilfield services group Saipem has issued a profit warning as supply chain costs rise and project margins in offshore wind and onshore construction deteriorate.
$100 oil may be coming within months, Chevron CEO says
$100 oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said the chief executive of Chevron.
Var Energi IPO on the way, say owners Eni and HitecVision
An initial public offering (IPO) is to be launched for Norwegian operator Var Energi, ownership partners Eni and HitecVision have announced.
Private equity deals surge to £2.4 billion for UK North Sea
Private equity took a keen interest in the UK North Sea in 2021, with £2.4 billion worth of deals for the country’s oil and gas industry.
Babcock takeover ‘removes the weakest competitor’ in the North Sea, says CHC
CHC has told competition authorities that its takeover target of Babcock Aviation is “not a particularly serious competitive threat” to the company.
Schlumberger storms to $2.4bn profit in 2021
Reporting its Q4 and full-year results for 2021, oilfield services provider Schlumberger said it had closed the year with “great momentum.”
BP and Shell shares hit pre-pandemic levels as oil climbs
A recent swell in oil prices has driven the valuation of oil and gas giants Shell and BP to levels not seen since before the pandemic.
Dwindling OPEC+ spare capacity sets oil up for sizzling summer
As they strain to restore oil production, OPEC and its allies are being left with a diminishing buffer of spare supplies -- potentially setting up crude prices for a sizzling summer.
Crucial Iraq-Turkey oil pipeline knocked out by explosion sending oil prices higher
A key crude pipeline from Iraq to a Turkish port on the Mediterranean Sea was knocked out by an explosion on Tuesday, adding pressure to already tight oil markets and sending prices higher with oil extended gains in Asia from the highest close since 2014.
Tech-enabled finance and HR solutions in demand in the energy sector
For many, the Covid pandemic has been a catalyst to press re-set on everything from our social values to health, well-being and sustainability.
Brent oil climbs to 2014 high as geopolitical unrest returns
Brent oil extended gains to the highest level in seven years as geopolitical tensions stirred in the Middle East and concerns about the demand impact of the omicron virus variant eased.
Commodity trader King Eyes $200 oil
A hedge fund run by commodities trader Doug King posted a record return last year, thanks to soaring energy, food, power and freight prices.
EDF slumps by most on record on hit from price cap
Electricite de France plunged by a record as the French government confirmed plans to force it to sell more power at a steep discount to protect households from surging wholesale electricity prices.
Enterprise to buy permian pipeline operator Navitas for $3.3billion
Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin.