Investment – Oil & Gas 360

African oil giants advance IPO plans to attract investment

April 4, 2025

(World Oil) – In a bid to bolster investment and competitiveness within Africa’s oil and gas sector, national oil companies (NOCs) in Nigeria and Angola are progressing with long-anticipated initial public offerings (IPOs). These IPOs are poised to attract significant global investment, providing much-needed capital to enhance production capabilities, improve infrastructure and foster long-term growth. This move reflects a broader

Alaska looks to lure Asian investors in $44-billion LNG project

March 17, 2025

(Oil Price) – Officials from Alaska plan a visit to Japan and South Korea in search of potential Asian investors in the planned $44-billion Alaska LNG project, which is strongly supported by the Trump Administration. State firm Alaska Gasline Development Corporation (AGDC) seeks to advance the Alaska LNG project, designed to deliver North Slope natural gas to Alaskans and export LNG to U.S.

Hedge fund calls on bp to increase oil and gas investment, cut renewable spending

January 29, 2024

World Oil (Bloomberg) – Hedge fund Bluebell Capital Partners called on bp Plc to bolster investments into oil and gas and cut spending on renewable energy, saying the company’s shift away from fossil fuels is misguided and weighing on the share price. bp should spend $1.5 billion a year more through 2030 on oil and gas production and halt any

Buhari’s Exxon sale flip-flop could discourage investment in Nigeria’s oil production

August 15, 2022

World Oil (Bloomberg) — Nigerian President Muhammadu Buhari’s flip-flop over the sale of Exxon Mobil Corp.’s assets could discourage investment in Africa’s largest oil producer in the wake of industry reform meant to grow the sector. A $1.28 billion bid by Lagos and London-listed Seplat Energy Plc for shares in Exxon’s local subsidiary was initially backed by Buhari despite

OTC 2022: Reaching net zero will require more investment in oil, gas and renewables

May 4, 2022

World Oil The pandemic had a unique impact on the energy industry and will pave the path of the energy transition on its way to net zero emissions, Society of Petroleum Engineers President Kamel Ben-Naceur said during a keynote presentation at the Offshore Technology Conference on Monday. The pandemic’s impacts. The Covid-19 pandemic brought the biggest one-year drop in oil demand

Energy transition still means billions in fossil-fuel investment

April 21, 2022

World Oil (Bloomberg) — The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. The U.S. and European countries are planning liquefied natural gas terminals that will be in service for decades.

Ukraine war threatens oil demand and investment, OPEC says

March 16, 2022

World Oil (Bloomberg) — Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned. International crude prices briefly hit a 13-year high of almost $140 a barrel last week as a boycott of Russian supplies deepened the shortfall in already tight world markets. Brent futures have

Don’t ditch traditional energy stocks for solar just yet, two traders say

October 28, 2021

CNBC It’s worth hanging onto traditional energy stocks despite the recent resurgence in solar names, two traders say. The popular Invesco Solar ETF (TAN) is up nearly 10% this week, helped in part by Enphase Energy’s surge after reporting record revenue for its third quarter. TAN is beating the Energy Select Sector SPDR Fund (XLE) in the past month, up almost 22% versus the XLE’s 8.5% gain,

Black Bay Energy Capital Backs Permian-Based Oilfield Services Company

August 14, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Black Bay Energy Capital forms partnership with Total Operations and Production Services Black Bay Energy Capital, a private equity firm focused primarily on the oilfield services and equipment sector, has formed a partnership with, and made an investment in, Total Operations and Production Services (TOPS). TOPS, which operates in the Permian

Oryx Midstream Lands $550 Million from Qatar Investment Authority

August 7, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant interest in Permian crude operator Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners, in addition to chipping in

Black Bear Midstream Enters into Gas Gathering and Processing Agreement

August 6, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Black Bear Midstream enters into seven-year agreement with undisclosed Cotton Valley producer Black Bear Midstream, a portfolio company of Oaktree Capital Management (stock ticker: OAK), has entered into a seven-year gas gathering and processing agreement with an undisclosed Cotton Valley producer in Desoto Parish and Caddo Parish, Louisiana. To support both

To Keep Up, Majors Need to Spend $30 Billion in the Permian: IHS

June 21, 2018

From the Houston Chronicle Oil majors led by Exxon Mobil and Chevron will need to bulk up their Permian Basin spending to meet their growth goals, triggering more consolidation and higher costs for oilfield services, according to a new report Monday. The IHS Markit report argues that Exxon Mobil, Chevron and, to a lesser extent, Royal Dutch Shell, will need

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