Sunday, August 24, 2025
Goldman Sachs to invest over $1 bln in Europe biomethane venture- oil and gas 360

Goldman Sachs to invest over $1 bln in Europe biomethane venture

Nasdaq LONDON- Goldman Sachs Asset Management said on Monday it had launched a biomethane business called Verdalia Bioenergy and aimed to invest more than 1 billion euros ($1.08 billion) in Europe over the next four years. Biomethane, a lower carbon alternative to fossil-based natural gas, is produced from the decomposition of organic waste and is seen as a key plank

IPC to pursue $62 million acquisition in Canada- oil and gas 360

IPC to pursue $62 million acquisition in Canada

World Oil (WO) — International Petroleum Corporation (IPC) announced a proposition to acquire Canada’s Cor4 Oil Corp. for roughly $62 million. The acquisition includes total proved plus probable (2P) reserves of 15.9 MMboe as of December 31, 2022.   The acquired assets have a forecast average net production of about 4,000 boepd for 2023. The acquisition also includes drilling locations

Saudi Arabia surprises markets by increasing oil prices to Asia- oil and gas 360

Saudi Arabia surprises markets by increasing oil prices to Asia

World Oil On Monday, Saudi Arabia raised the official selling price of its flagship crude going to Asia in March. The hike, which was the first in six months, was due to expectations of a rebound in Chinese demand.   Saudi oil giant Aramco lifted the price of its flagship Arab Light grade to Asia for March loadings by $0.20

Chevron looks to seal gas exploration deal in Algeria- oil and gas 360- oil and gas 360

Chevron looks to seal gas exploration deal in Algeria

Oil Price U.S. supermajor Chevron has increased efforts to reach an energy exploration agreement with Algeria and is assessing the North African country’s estimated huge shale gas resources, The Wall Street Journal reported on Monday, quoting sources with knowledge of the plans.   Other energy majors, including Eni and TotalEnergies, see Algeria and North Africa as sources to replace Russian natural gas

Iraq to discuss with U.S. how to pay Russian energy firms, Iraqi foreign minister says- oil and gas 360

Iraq to discuss with U.S. how to pay Russian energy firms, Iraqi foreign minister says

US News BAGHDAD – Iraq will discuss with Washington this week how to pay dues owed to Russian oil companies despite sanctions, Foreign Minister Fuad Hussein said on Monday.   “We will discuss this problem with the American side. There are sanctions in place that should not be imposed on the Iraqi side because the cooperation with Russian companies is

Oil prices edge higher as IEA’s Birol talks up China demand outlook- oil and gas 360

Oil prices edge higher as IEA’s Birol talks up China demand outlook

BOE Report Oil prices slightly inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world’s top oil importer. U.S. West Texas Intermediate (WTI) crude futures climbed 53 cents, or 0.72% higher, to $73.72 a