Energy US private equity group buys UK power plant giant for £1.75bn ContourGlobal, the UK power plant owner, has agreed to be taken over by KKR, the New York-based private equity giant, for £1.75 billion after an underwhelming four-and-a-half-year stint on the public markets. The FTSE 250 company said its board intended to recommend the “fair and reasonable” all-cash acquisition at 263.6p a share, a 36 percent […] May 18, 2022
Energy Israel ramps up gas output, looks to supply Europe Israel is on track to double its natural gas production to 40 billion cubic metres and hopes to sign a framework deal with Europe this summer May 16, 2022
Opinion Energy Short supply and rising demand to sustain oil at $100 a barrel The market is feeling the consequences of an underinvestment in hydrocarbons projects May 12, 2022
Energy ‘Ghost armada’ tankers go dark to ship sanctioned Iranian oil The "ghost armada" tankers are busier than ever, and shipping bigger cargos. They mostly supply Asian markets, according to analysts May 12, 2022
Energy Germany and Qatar ‘at odds over LNG deals’ Germany and Qatar’s talks over liquefied natural gas supply deals have run into difficulties, according to three sources familiar with the negotiations. Berlin needs to secure large volumes of LNG to reduce its dependence on Russian gas, but sources said the Germans were reluctant to accept Qatar’s condition that they sign deals lasting at least […] May 10, 2022
Energy EU ‘may offer sweeteners to get its ban on Russian oil’ The European Commission is considering offering landlocked eastern European Union states more money to upgrade oil infrastructure in a bid to convince them to agree to an embargo on Russian oil, according to an EU source. The measures are part of a package of new sanctions against Russia for its invasion of Ukraine, but an […] May 9, 2022
Energy Iran looks to boost oil cooperation with Venezuela Iranian Oil Minister Javad Owji said on Twitter on Tuesday that he met Venezuelan President Nicolas Maduro during his visit to the Latin American ally and that the two oil producers aimed to develop their cooperation. “Today I had meetings with the President of Venezuela, Mr. Maduro and other high-ranking Venezuelan officials,” Owji said on […] May 3, 2022
