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Thailand’s PTTEP boosts Middle East assets with $622 mil Partex acquisition

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Singapore — Thailand’s PTT Exploration and Production Public Co Ltd has made its largest venture into the Middle East with the $622 million acquisition of Partex Holding BV from the Calouste Gulbenkian Foundation, underscoring how Southeast Asia’s national oil companies are building up an increasingly global upstream portfolio. Not registered? Receive daily email alerts, subscriber Read More

U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source

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WASHINGTON (Reuters) – The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday. FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of Read More

Development banks’ climate funding at all-time high in 2018

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BRUSSELS (Reuters) – Climate projects won record financing from the world’s big development banks last year, with funds committed up 60% since the 2015 Paris climate accord to curb global warming emissions, a report published on Thursday said. FILE PHOTO: Smoke billows from a chimney at a combined-cycle gas turbine power plant in Drogenbos, near Read More

Norway fund may have to offload $1 billion stake in Glencore in shift away from coal

6 days ago DieselGasoil Comments Off on Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
OSLO (Reuters) – Norway’s $1 trillion sovereign wealth fund may have to sell its $1 billion stake in commodities giant Glencore, among other companies that derive more than 30 percent of their revenue from coal, to meet proposed tighter ethical investing rules. FILE PHOTO: A general view of the Norwegian central bank in Oslo, Norway Read More

Martin Midstream Partners L.P. Files Universal Shelf Registration Statement

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KILGORE, Texas, June 04, 2019 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (“the Partnership”) (NASDAQ: MMLP) announced today the filing of a universal shelf registration statement. Martin Resource Management Corporation (“MRMC” or the “Company”) is listed as a selling unitholder in the filing. The Company owns a total of 6,114,532, or 15.7%, of the outstanding Read More

BP to divest mature oil assets in Egypt to Dragon Oil

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6/3/2019 Photo: West Nile Delta, Egypt. ABERDEEN — BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf of Suez Petroleum Read More

Marathon Oil exits Iraq upon completion of Kurdistan divestiture

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5/31/2019 HOUSTON — Marathon Oil Corporation has announced that it has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan, where first-quarter 2019 production averaged 2,400 net boed (100% oil). As previously disclosed, this divestiture represents a complete country exit for Marathon Oil. Including this transaction and the recently Read More

Exclusive: T-Mobile, Sprint could sell Boost for up to $3 billion, potential bidders say

3 weeks ago DieselGasoil Comments Off on Exclusive: T-Mobile, Sprint could sell Boost for up to $3 billion, potential bidders say
(Reuters) – A group of potential buyers are preparing bids for prepaid wireless brand Boost Mobile in an upcoming sale valuing the offshoot of U.S. wireless carriers T-Mobile US Inc and Sprint Corp at up to $3 billion, interested buyers told Reuters. FILE PHOTO: The storefront of a Boost mobile phone store is seen in Read More

Environment activists block entrance to Norwegian central bank

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OSLO (Reuters) – Protesters from the environmental group Extinction Rebellion blocked access to Norway’s central bank on Friday, demanding that its $1 trillion wealth fund, the world’s largest, stop investing in companies that burn coal. Extinction Rebellion climate activists block Norway’s Central Bank entrance in Oslo, Norway May 24, 2019. REUTERS/Nerijus Adomaitis Around 10 demonstrators Read More

Teenage activists demand climate action on eve of global school strike

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LONDON (Reuters) – Children, some as young as eight, will walk out of class in cities around the world on Friday in a fresh wave of strikes called by young people who fear adults are sleepwalking toward a collapse in the global climate system. FILE PHOTO: Swedish environmental activist Greta Thunberg joins Italian students to Read More