Friday, September 12, 2025

Singapore’s GIC Bets on Wastewater Company, Takes Stake at $3 Billion Valuation

From The Wall Street Journal Singapore sovereign-wealth fund GIC has bought a stake in WaterBridge Resources LLC in a deal that values the Houston-based handler of oil-drilling wastewater at nearly $3 billion including debt, according to people familiar with the matter. GIC bought 20% of the company from Five Point Energy, a Texas investment firm that started WaterBridge in 2016

Reliance Gathering to Explore a $500 Million Sale

From Bloomberg Reliance Gathering LLC, which transports crude oil in the Permian Basin, is exploring a sale, according to people familiar with the matter. Reliance is working with an adviser to run an auction that could value it at about $500 million, said one of the people, who asked not be identified because the matter is private. The company, based

A Small Shift in the LNG Market May Mean a Big Boost for Ship Owners

From Bloomberg With so much cheap liquefied natural gas around, traders are again looking at tankers to store the fuel in the hope of better prices. A long-established practice in oil trading, the complexity and cost of keeping natural gas in liquid form on ships for extended periods meant it wasn’t widely used until last fall, in anticipation of a

Shale Overhead Costs Under Fire as Investors Drill Even Deeper

From Bloomberg U.S. shale producers that have reined in growth plans to mollify investors are now facing increasing pressure to slash their own pay and gut bloated offices. Almost all major U.S. explorers cut their capital budgets after oil prices fell at the end of 2018. The goal: Show they were willing to pay back shareholders at a time when