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Gunvor has backed Western Natural Resources, an Oklahoma City-based private oil and gas producer, as it builds a portfolio of US natural gas assets. Reuters reported that Gunvor provided capital to support Western’s roughly $300 million acquisition of gas-producing assets in the Haynesville shale, one of the
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On 12 October 1964, a ship called Methane Princess sailed up the Thames Estuary and berthed at Canvey Island, a low-lying stretch of reclaimed marshland better known for sea walls and mudflats than making energy history. She had sailed from Arzew, Algeria, with a cargo of liquefied natural gas.
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Reports that ExxonMobil is evaluating acquisitions are not really about any single target. Woodside Energy is one name in the headlines today, but the bigger question is Exxon itself. After Pioneer, Exxon has been rewarded for discipline and visible growth from the Permian and Guyana. Its 2030 plan leans heavily
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BP is reportedly marketing minority interests in two of its most important future Gulf of Mexico developments, in what appears to be a farm-down with BP retaining operatorship. The assets are substantial and both are prestige pieces within the BP portfolio. Kaskida, targeting first oil in 2029, is BP’
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There was a time when AIM was one of the natural homes for junior oil and gas companies. It was a market where exploration stories could get funded, overlooked acreage could find an audience, and small companies with big ambitions could raise meaningful money. In the years before the financial
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EnQuest announced today a major acquisition of Malaysian production assets. The enlarged group is expected to produce more than 100 kboepd, with Southeast Asia representing 69% of 2025 production on a pro forma basis. This is a hugely significant event for EnQuest. It has clearly taken years of work to
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The final phase of UK North Sea consolidation is surely approaching fast. BP has reportedly been reviewing its UK North Sea upstream business as part of a broader portfolio reset. BP’s UK upstream business is special because it is not just a run-off package. A large part of
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The UK North Sea is out of favour. Assets are being valued under a fiscal and political cloud. Sellers are under pressure, capital is scarce and public market valuations reflect little obvious upside. For companies with scale, liquidity, operating capability and shareholder return policies, that environment can be an opportunity
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The rise and fall of Hurricane Energy offers one of the most revealing case studies in modern upstream oil & gas investing. At first glance, the company appears to represent a familiar narrative: a technically ambitious exploration company that attracted substantial investor enthusiasm before ultimately disappointing on reservoir performance. Viewed