Friday, June 6, 2025

Australia’s Swirling $10.3 Billion Oil & Gas Mega-Deal

U.S. firm’s fourth offer for large Australian natural gas, LNG producer One of the largest private equity-backed energy deals in history inched closer to reality today, as Australia’s Santos (ticker: STO) opened its books to Harbour Energy Ltd. The U.S.-based Harbour, a private energy firm backed by EIG Global Energy, is finally seeing its obvious determination and persistence pay off.

Russia

Russia Expected to Invest Over $50 Billion Developing Iran’s Fields

From Tehran Times Russian companies are expected to invest over $50 billion in development of oil and gas fields in Iran, Tass reported quoting Russian presidential aide Yuri Ushakov as saying on Monday. “Energy is the most promising sphere for cooperation between Russia and Iran. Leading Russian oil and gas companies, such as Gazprom, Gazprom Neft, Rosneft, Lukoil, Zarubezhneft and

Imperial Oil, Exxon to Sell NatGas Property in B.C.

From The Globe and Mail Imperial Oil Ltd. has put a natural-gas property in British Columbia on the block in the latest example of a major producer paring exposure to Canada. Imperial and its partner in the development, Exxon Mobil Corp., are selling their Horn River shale-gas asset in the province’s northeast corner. Exxon owns a majority stake in Imperial.