Energy
Latest news, analysis, and insights from ASX energy companies
Oil prices fall as OPEC+ sticks to voluntary production hike timeline
The eight OPEC+ countries that previously announced additional voluntary production adjustments in April and November 2023 have agreed to move ahead with planned output hikes, starting in April. The decision came as a surprise to some commentators, with market consensus suggesting the group would postpone the restart as they had done three times since the […]
Latest Stories
Brookside Energy reports strong drilling progress in Anadarko Basin
Brookside Energy (ASX: BRK) reports that strong progress is being made with drilling at the multi-well Flames-Maroons Development Plan (FMDP) in the core of the southern SCOOP Play in the Anadarko Basin in the USA. The company is currently participating in the Iginla well lateral section, which is drilling ahead at a measured depth of […]
Diversified Energy to lift interests in US oil and gas assets
London and New York-listed Diversified Energy Company (NYSE: DEC) has entered into a conditional agreement with Oaktree Capital Management for the strategic acquisition of working interests in a number of operated assets in the Central Region of the US. The US$386 million acquisition will consolidate Diversified’s working interest in its existing operated wells in the […]
Frontier Energy locks-in water supply in critical milestone for Bristol Springs renewable energy project
Frontier Energy (ASX: FHE) has reached a critical milestone after locking-in a binding water supply agreement to underpin green hydrogen production at its Bristol Springs renewable energy project, in Western Australia’s South West. Under the deal with Western Australian Government-owned Water Corporation, Frontier will be able to use up to 1,250 kilolitres of water a […]
Grand Gulf Energy prepares to spud Jesse-2 well within Red Helium project
Perth-based explorer Grand Gulf Energy (ASX: GGE) has received regulatory approval to drill a second pure-play well at the Red Helium project in the prolific Four Corners region of Utah’s Paradox Basin. Approval came from the Utah Division of Oil, Gas and Mining (UDOGM) and places Grand Gulf in a position to spud the Jesse-2 […]
Equinor continues energy transition plan with acquisition of Danish solar developer BeGreen
Norwegian energy company Equinor (NYSE: EQNR) has agreed to buy Denmark-based leading solar developer BeGreen for an undisclosed amount. Equinor continues to develop its own solar projects in Poland, Brazil and Argentina, but with the acquisition of Bregentved’s BeGreen, will add Denmark, Sweden and Poland to the growing list. BeGreen has developed, sold and delivered […]
BP to buy US renewable natural gas company Archaea Energy in US$4.1b deal
Multinational oil and gas giant BP (LSE: BP) has announced plans to acquire renewable natural gas (RNG) company Archaea Energy (NYSE: LFG), in a deal estimated to be worth US$4.1 billion. RNG, otherwise referred to as biogas, is generated from organic waste in landfills of farms. The deal between BP and Achaea marks the largest […]
Cameco partners with Brookfield in acquisition of Westinghouse Electric
Canadian uranium giant Cameco Corporation (NYSE: CCJ) and clean energy investor Brookfield Renewable Partners (NYSE: BEP, BEPC) have announced they will join forces on the acquisition of global nuclear services business Westinghouse Electric Company. The acquisition gives Westinghouse a total enterprise value of almost $8 billion. Under the arrangement, Cameco’s expertise in the nuclear industry […]
Imperial Oil secures hydrogen from Air Products for renewable diesel refinery
Under a recently announced deal, Pennsylvania-based Air Products (NYSE: APD) will supply low-carbon hydrogen to Canada’s second-largest integrated oil company Imperial Oil’s (TSX: IMO) renewable diesel plant, near Edmonton in Alberta. The low-carbon hydrogen will be supplied from Air Products’ planned hydrogen Edmonton facility by pipeline to Imperial’s Strathcona refinery, where it will be used […]