OPEC Investment Call

OPEC calls for more investment; Mountain Valley Pipeline startup, Russian oil's geopolitical impact, $5B African pipeline funded.

Author

Rob Quigley
June 14, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

OPEC calls for more fossil fuel investment, dismisses peak oil demand concerns.

OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction

Oil demand will grow by 25 million barrels per day in the developing world through 2045, according to OPEC's chief.

www.cnbc.com/2024/06/13/opec-calls-for-more-fossil-fuel-investment-dismisses-peak-oil-demand.html

Mountain Vallep Pipeline prepares for startup after FERC approval. NaturalGasWorld

Russian oil driving geopolitical fragmentation. OilPrice

Standard Bank to fund $5B African oil pipeline project. Rigzone

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Daily Headlines

  • Mountain Vallep Pipeline prepares for startup after FERC approval NaturalGasWorld.

  • OPEC calls for more fossil fuel investment, dismisses peak oil demand concerns CNBC.

  • Russian oil driving geopolitical fragmentation OilPrice.

  • Standard Bank to help fund $5B African oil pipeline Rigzone.

  • ExxonMobil to use Sercel Marlin monitoring offshore Guyana WorldOil.

  • Oil prices steady as Russia plans production cuts Rigzone.

  • NextDecade, Aramco sign agreement for Rio Grande LNG train 4 BizJournals.

  • ReconAfrica to drill Naingopo well in Namibia WorldOil.

  • Alberta Crown land sale totals $17.1M BOEReport.

  • JEA budget to increase for 2024 BizJournals.

  • Bridging the gap between E&P outlook and services with AI BOEReport.

  • Haldia Petrochemicals signs 10-year naphtha deal with QatarEnergy EconomicTimes.

  • Largest US oil trade group to sue Biden over EV push BOEReport.

  • Reliance wants pipeline tariff linked to rail freight EconomicTimes.

  • Indian refiner BPCL hires i-bank for $3.7b loan EconomicTimes.

  • Oil slips on US growth worries, ample supply BOEReport.

  • Uganda doubles oil budget for production start Bloomberg.

Deal Flow

M&A/Investment

  • Standard Bank set to help fund $5B African oil pipeline Rigzone.

  • Technip Energies-led joint venture secures $5.5 billion EPC contract to develop ADNOC's Ruwais LNG project WorldOil.

  • Nigeria's state oil and gas company ends legal case halting $1.3 billion ExxonMobil-Seplat deal WorldOil.

  • NextDecade, Aramco sign agreement for Rio Grande LNG train 4 BizJournals.

  • Haldia Petrochemicals signs 10-year naphtha deal with QatarEnergy EconomicTimes.

IPO/Direct Listing/Issuances/Block Trades

  • Undervalued oil and gas stocks to buy before crude trends higher InvestorPlace.

Debt

SPAC

  • No deals that match this criteria.

Bankruptcy/Restructuring/Distressed

  • No deals that match this criteria.

Fundraising

  • No deals that match this criteria.

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