Friday, September 5, 2025
Nationalized German energy firms paid big bonuses to their traders- oil and gas 360

Nationalized German energy firms paid big bonuses to their traders

Investing LONDON/FRANKFURT – German energy firms Sefe and Uniper have awarded some traders millions of dollars in bonuses for 2022, four sources familiar with the matter said, just months after the companies were rescued with multi-billion bailouts as Russia halted gas supplies. Germany has so far provided around 26 billion euros ($28.6 billion) in equity injections and loans to Sefe

Eni, Repsol to receive natural gas export licenses in Venezuela- oil and gas 360

Eni, Repsol to receive natural gas export licenses in Venezuela

World Oil (Bloomberg) – Venezuela plans to issue a license next month to Italy’s Eni SpA and Spain’s Repsol SA to export natural gas, said Pedro Tellechea, the nation’s oil minister and head of state-run Petroleos de Venezuela SA. The country already signed an agreement with the European energy giants on May 5 that allows for the export of natural

ONEOK and Magellan merger to create $60-billion pipeline giant- oil and gas 360

ONEOK and Magellan merger to create $60-billion pipeline giant

Yahoo Finance (Bloomberg) — Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US oil and natural gas pipeline operators. The deal will see each Magellan stakeholder receive $25 in cash and 0.667 shares of Oneok stock per unit, representing a 22% premium to closing prices on

Oil prices rise as tight supplies compete with economic concerns- oil and gas 360

Oil prices rise as tight supplies compete with economic concerns

CNBC Oil prices rose slightly on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves outweighed concerns about fuel demand in the top global oil consumers, the United States and China. Brent crude futures rose 39 cents or 0.5% to $74.56 a barrel, while U.S. West Texas Intermediate crude was at

Wildfires Canadian oil-producing province increase over weekend- oil and gas 360

Wildfires Canadian oil-producing province increase over weekend

World News (Bloomberg) – The number of wildfires rose in Canada’s main oil-producing province over the weekend as a heat wave brought hot, dry conditions, prompting officials to warn of more blazes to come. As of Sunday afternoon, there were 87 active fires in the province with 24 considered out of control, up from 21 the previous day. “The fire