BlackRock Archives - Oil & Gas 360

BlackRock-backed Atlas renewable freezes $1 billion in Brazil solar projects

June 3, 2026

(Oil Price) – High curtailment rates and the national grid operator frequently rejecting renewable power have prompted BlackRock-backed Atlas Renewable Energy, one of the biggest solar power producers in South America, to halt $1 billion in planned investment in Brazil, the company’s chief executive Carlos Barrera told Reuters on Wednesday. “There’s at least … 1.5 gigawatts that we put on hold

BlackRock CEO warns oil could hit $150 amid Iran threat concerns

March 25, 2026

(Investing) – BlackRock CEO Larry Fink warned that oil prices could climb to $150 per barrel and trigger a global recession if Iran continues to pose a threat to regional stability after the current conflict ends. Fink told BBC’s Big Boss Interview podcast published on Wednesday that sustained threats to trade and the Strait of Hormuz could keep oil prices above $100 and

BlackRock, EQT to acquire AES Corp. in $33.4B deal

March 2, 2026

(Oil Price) – A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and U.S. gas giant EQT Corp. (NYSE:EQT) have agreed to acquire global power utility, AES Corp. (NYSE:AES), for $15 per share in cash, totaling an enterprise value of approximately $33.4 billion. The deal, which includes major pension and investment funds, represents a ~40% premium for AES shares and includes the assumption of debt with a

Eni in talks to sell 49.99% stake in carbon capture business to GIP

May 27, 2025

Publisher’s Note: Eni SpA will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. (World Oil) – Eni has signed an agreement with Global Infrastructure Partners (GIP), a global infrastructure investor and a part of BlackRock, for exclusive talks to potentially sell 49.99% in its carbon capture, utilization and storage (CCUS) business. Eni CCUS Holdings

BlackRock continues Wall Street exodus from net zero alliances

January 10, 2025

(Oil Price) – BlackRock, the world’s largest asset manager, is quitting the Net Zero Asset Managers initiative in the latest exit of a major financial institution from a climate finance alliance since Donald Trump was elected U.S. President in November. BlackRock has decided to leave the voluntary Net Zero Asset Managers initiative, which launched in December 2020 and aims to “support the

Reasons to be bullish despite the recent oil price crash

August 8, 2024

Oil Price Oil prices have been highly volatile over the past week, with Brent trading across a $6.75 per barrel (bbl) range to hit a seven-month low of $75.05/bbl intra-day on 5 August thanks to bearish news coming from the world’s largest economy. The latest U.S. jobs report revealed that the economy added 114,000 jobs in July, way lower than the Wall Street

$2-trillion funding gap casts shadow over energy transition

April 25, 2024

Oil Price Investments in the energy transition are falling way short of what is needed for its success. The fresh warning comes from BlackRock, which said annual investments in the shift away from hydrocarbons need to almost double from their current record levels. But it’s getting less likely this would ever happen. In a new edition of its Investment Institute

BlackRock dismayed by Texas Fund decision to divest $8.5 billion in assets

March 22, 2024

Oil Price BlackRock has asked Texas authorities to reconsider the withdrawal of $8.5 billion in assets of the Permanent School Fund from the asset manager. The decision to withdraw from BlackRock was announced earlier this week by the Texas State Board of Education Chair, who cited the 2021 law that Texas passed to penalize financial firms that, according to state

Texas regulator applauds state Board of Education for cancelling $8.5 billion contract BlackRock

March 20, 2024

World Oil (WO) – Following news that the Texas State Board of Education (SBOE) and Chairman Aaron Kinsey would terminate an $8.5 billion contract with BlackRock, Texas Railroad Commissioner Wayne Christian applauded the SBOE’s decision, which protects Texas’ Permanent School Fund and classrooms across the state, and said the following: “Texas state leadership continues to land blows to BlackRock and

Exxon picks BlackRock as buyer of its 71% stake in Italian LNG terminal

October 4, 2023

Oil Price ExxonMobil has selected the world’s largest asset manager, BlackRock, as a buyer for its 70.7% stake in Adriatic LNG, Italy’s first regasification import terminal, the U.S. supermajor told Reuters on Wednesday. Exxon currently holds 70.7% of Adriatic LNG via its subsidiary ExxonMobil Italiana Gas. The other shareholders in Italy’s main LNG import terminal off the Adriatic coast in northern Italy are a

Top asset manager BlackRock names Saudi Aramco CEO to board

July 18, 2023

Oil Price BlackRock has named Saudi Aramco’s chief executive Amin Nasser to the board of directors of the world’s biggest asset manager as an independent director. The CEO of the world’s largest oil company by oil production, exports, and market capitalization joined BlackRocks’s board on Monday, while the asset manager is preparing for the departure of another board member. Bader M. Alsaad,

Texas senate committee takes aim at BlackRock over ESG policies

December 9, 2022

Oil Price The Texas legislature has subpoenaed investment firm BlackRock, together with its subsidiaries and affiliate entities in the state, for documents related to the institution’s promotion of environmental, social, and governance (ESG) policies. The subpoena was issued by the Texas Senate Committee on State Affairs last month and asks the sergeant-at-arms for the committee or any peace officer of

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