Eni in Talks to Sell Plenitude Stake to Ares for Up to $2.3 Billion
Eni is in exclusive talks to sell a 20% stake in its Plenitude low-carbon unit to Ares Management’s alternative-credit arm.
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Engie Backs View After Earnings Grow
The increase was mainly driven by a better performance in its infrastructures business.
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Aramco Signs Deals With U.S. Companies With Potential Value of $90 Billion
Aramco signed 34 memoranda of understanding and agreements with major companies such as Exxon Mobil, Nvidia and Amazon.com.
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Oil Futures Snap Winning Streak as U.S. Stocks Build
Crude futures settled lower after four straight sessions of gains, with the market seeing a bearish tilt in an inventory build and OPEC keeping its demand growth estimates unchanged while returning barrels to the market at an accelerated pace.
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U.S. Crude Oil Supplies Rise Unexpectedly
U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand, according to data from the U.S. Energy Information Administration
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OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast
The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast steady as it prepares to accelerate production.
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Prime Minister Carney Says Canada Can Emerge As Energy Superpower
Canadian Prime Minister Mark Carney said he’s willing to amend federal rules that may pose headwinds toward getting energy projects built and capitalize on the country’s abundance of natural resources.
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Woodside Suggests Aramco Could Join Louisiana LNG Project
Woodside Energy floated the possibility of Saudi Arabian Oil Co., known as Aramco, buying a stake in its newly approved Louisiana LNG project after signing a collaboration agreement with the giant producer.
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Swiss Clean-Energy Startup Produces Diesel From Solar Power
Synhelion says using the power of the sun to make fuel could help decarbonize shipping.
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Shell Faces Fresh Legal Challenge Over Development of New Oil and Gas Fields
Dutch environmental group Milieudefensie said that by developing new fields, the oil and gas giant is in breach of its legal duties to cut carbon emissions.
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Energy & Utilities Roundup: Market Talk
Find insight on Aramco, E.ON, oil futures and more in the latest Market Talks covering Energy and Utilities.
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Republicans Push for Surge in Geothermal Energy on Federal Land
To boost the industry, lawmakers want to speed up the time it takes for businesses to secure permits.
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Elliott Wins Backing From Proxy Advisers in Phillips 66 Boardroom Battle
The activist investor won support from influential proxy advisory firm ISS.
(END) Dow Jones Newswires
May 15, 2025 04:00 ET (08:00 GMT)
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