Añelo, Neuquen - September 15, Argentina.  Jonathan Gilbert, Bloomberg News BUENOS AIRES EnergiesNet.com 12 06 2024  Chevron Corp. and Shell Plc are in talks to join Argentina’s signature project to r...

Energy and AI - Analysis and key findings. A report by the International Energy Agency.

(Reuters) -ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people familiar with the matter. The U.S. energy producer has held early-stage discussions with advisers in recent weeks on possible sales, which could fetch up to $1 billion, the newspaper said. Exxon did not immediately respond to a Reuters request for comment outside regular business hours. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Should you invest $1,000 in XOM right now? Ask WarrenAI, our powerful AI financial research assistant. It's just like ChatGPT for investors, but with access to 10 years of company data, a built-in screener, Wall Street analysts' reports, and earnings call transcripts for real-time, vetted insights. Get answers about XOM and thousands of other assets within seconds.

KUALA LUMPUR: PETRONAS and Italian energy firm Eni, through their respective subsidiaries, have signed an Investment Agreement to establish a regional upstream joint venture company. The move marks a significant milestone for PETRONAS in the implementation of its first satellite business model, which aims to accelerate the development of the upstream sector in Malaysia and […]

Reliance NU Energies Private Limited, a subsidiary of Reliance Power, has inducted two key people in its leadership: Mayank Bansal as Chief Executive Officer (CEO) and Rakesh Swaroop as Chief Operatin...

Things are moving fast in Namibia, one of the world’s hot spots for oil and gas exploration and development. Companies continue to actively drill in the Orange Basin as they assess the production potential of discovered and prospective resources in the emerging deepwater play. But with key investment decisions looming

Critical One plans to sell Namibia uranium assets  Mining Weekly

Opinion – Key undertakings for the oil and gas in Namibia  New Era Namibia

Galp Gets Offers for Mopane Discovery in Namibia  The Wall Street Journal

Galp Gets Offers for Mopane Discovery in Namibia  The Wall Street Journal

Russia’s crude oil output increased modestly in October even as state revenues from the oil and gas sector continued to decline sharply.

Galp Gets Offers for Mopane Discovery in Namibia  The Wall Street Journal

Galp Gets Offers for Mopane Discovery in Namibia  The Wall Street Journal

Galp Gets Offers for Mopane Discovery in Namibia  The Wall Street Journal

Namibia Eyes Over 2.5 Million Tons of Gas Output Annually as NAMCOR Charts Monetisation Roadmap  TV360 Nigeria

The President also cancelled a $736 million, 30-year power deal between Kenya's energy ministry and Adani Energy Solutions amid legal issues.

Galp Gets Offers for Mopane Discovery in Namibia  The Wall Street Journal

Galp Gets Offers for Mopane Discovery in Namibia  The Wall Street Journal

Summary Pembina Pipeline Corporation is a North American midstream energy infrastructure company with interconnected value chains in natural gas, NGLs, and oil/condensates. PBA benefits from predictable cash flows due to a high proportion of take-or-pay contracts while maintaining moderate exposure to commodity price fluctuations and macroeconomic risks. Growth is expected from new assets, especially the Cedar LNG terminal, despite near-term delays in projects like Dow's Path2Zero cracker and elevated capital expenditures. PBA is rated a buy, supported by attractive dividend yield, anticipated dividend growth, and a projected 23% stock price upside as new assets come online. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » Pembina Pipeline Corporation (NYSE:PBA) is a North American midstream energy infrastructure company operating a network of pipelines, gas processing facilities and storage assets as well as export terminals in Canada and the US. I already More on my IG service If you want full access to all our reports, data and investing ideas, join The Aerospace Forum, the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform. This article was written by Dhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more. Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Policy analyst Graham Hopwood has question the recent decision by president Netumbo Nandi-Ndaitwah to move the management of the oil and gas sector under the Presidency. He raises questions on whether she will have time to oversee the efficient running of the oil and gas industries under her office. Speaking to The Namibian yesterday, Hopwood said the move could be good but there is a need for clarity on how the structure will work. “It is difficult to see how she will have the time, being the president of the country, to have oversight, So, therefore, what’s unclear is the structure going forward,” said Hopwood. He added that the move could help speed up development in the industry while reducing bureaucracy. “The oil companies and investors need to know that they can go straight to the Office of the President for issues so it could have a positive impact,” said Hopwood. Oil expert Ibrahima Aminu says the move could discourage investors, as it creates an unpredictable environment. “Investors seek transparent regulatory frameworks and clear legal protections. Moving the sector under direct political control could introduce uncertainties, discouraging long-term investments,” says Aminu. He says the best global examples of successful energy sectors have independent regulatory oversight without political interference. “Countries like Norway, Canada, and the United Kingdom provide strong examples where energy ministries operate independently, ensuring a clear separation between policy-making and commercial interests,” says Aminu. To protect the country’s emerging oil and gas sector, it is crucial to establish clear institutional checks and balances, maintain regulatory independence, and adhere to global best practices in resource governance. Immanuel Mulunga “Failure to do so could result in diminished investor confidence, weakened transparency initiatives, and long-term economic setbacks for Namibia’s promising energy sector,” says Aminu. Former petroleum commissioner Imms Mulunga, however, says the practice is not unusual; however, the success will depend on who the president appoints as adviser. “I believe it’s another good move. Depending on who she appoints as an adviser, it can hasten or slow down progress, but I trust in her judgement to appoint someone that can help her to make sure oil flows by 2030,” says Mulunga. He says the president must have considered the importance of the industry to the economy of the country and, therefore, decided to keep it close. He adds that this will also help to make sure the industry is not tainted with greed. “Hence, her wisdom to put it directly under her leadership to make sure it’s not captured by unscrupulous elements with greedy private interests.” During the announcement of her new Cabinet at State House in Windhoek last week, Nandi-Ndaitwah said the oil and gas industries will be managed in a way that will maximise its benefits to all Namibians. “Yes, you have given powers to this president, and she is now using them for the benefit of the people,” she said. Nandi-Ndaitwah said the government’s vision is to ensure resources are enjoyed by all Namibians. “It was necessary that such projects are under the president to ensure the industry is structured in a way that creates value addition,” she said. The post Oil and gas shift under president’s control sparks debate appeared first on The Namibian.

Pennsylvania Power & Light (PPL) and global investment firm Blackstone have formed a joint venture to expand natural gas-fired power generation in Pennsylvania, directly responding to the growing demand for electricity from the proliferation of hyperscale data centers. This partnership aims to capitalize on the trend of energy companies securing long-term agreements with data center operators to ensure stable revenue streams, exemplified by recent deals such as Amazon Web Services' 17-year, $18 billion nuclear power purchase agreement with Talen Energy and Microsoft's 20-year agreement with Constellation.

(Reuters) -Refiner Valero Energy (NYSE:VLO) beat Wall Street estimates for second-quarter profit on Thursday as a rebound in refining margins helped cushion the loss in its renewable diesel unit. Investors were expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during the first three months of the year as unseasonably strong diesel margins boosted earnings. Valero, the first major refiner to post results this earnings season, said its refining margin per barrel of throughput was up at $12.35 in the reported quarter, compared with $11.14 from a year earlier. "We set a record for refining throughput rate in our U.S. Gulf Coast region in the second quarter," said CEO Lane Riggs. The company’s total throughput volumes stood at 2.9 million barrels per day (bpd) in the quarter, compared with 3.0 million bpd a year earlier. The refining segment reported quarterly operating income of $1.3 billion, higher than last year’s $1.2 billion. However, its renewable diesel segment, consisting of the Diamond Green Diesel joint venture, reported an operating loss of $79 million for the quarter, compared with a profit of $112 million a year ago. The company also said it was progressing with a fluid catalytic cracking unit optimization project that will enable the St. Charles Refinery to increase its high-value product yield. Valero reported a profit of $2.28 per share for the quarter ended June 30, compared with analysts’ average estimate of $1.74 per share, according to data compiled by LSEG. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is VLO one of them?