The Notes will be issued at a price of 97.968% of their principal amount. Gerdes Energy downgraded California Resources to Neutral from Buy.Įarthstone Energy announced that its subsidiary, Earthstone Energy Holdings, LLC has priced the previously announced private offering of $500 million aggregate principal amount of 9.875% senior unsecured notes due 2031. TotalEnergies announced that it will invest up to Eur 70 mln in La Mède Biorefinery. Toyota Tsusho to construct, own, operate solar power plant in Saudi Arabia with TotalEnergies, Altaaqa. An additional $50 million in contingent consideration will be paid by Eni Sustainable Mobility subject to the achievement of certain project milestones and performance criteria. The remainder of the total consideration will be contributed by Eni Sustainable Mobility upon start-up of the pre-treatment unit. PBF's affiliate contributed the biorefinery and other assets comprising the business to SBR and Eni Sustainable Mobility's affiliate has committed to make capital reimbursements and contributions totaling $835 million to PBF, of which $431 million was paid at closing. Bernard Renewables LLC (SBR), an operating biorefinery co-located with PBF's Chalmette Refinery in Louisiana (US). The increase would be the highest since the end of May.īP invested €7.5m in EV charging service provider service4charger as part of a €10 m series a funding round.Įni Sustainable Mobility Spa and PBF Energy announced the closing of a 50-50 joint venture partnership in St. Early-cycle data has LNG feedgas flows today rising to 12.60 Bcf, up +1.0 Bcf d/d as Sabine Pass volumes recover further to over 4.0 Bcf. Natural gas futures are higher, ahead of the expiration of the front month July contract. The market will be keeping eyes on today's EIA report which is set to be released at 10:30AM EST. The industry report showed crude stocks fell by 2.4 million barrels last week. Lingering worries about tighter monetary policy outweighed the API’s weekly report which showed a larger-than-expected drop in crude oil inventories. WTI and Brent crude oil futures are lower as concerns over the prospect of higher interest rates and slowing demand curb earlier gains. The major market futures are lower as investors await comments from Federal Reserve Chair Jerome Powell. The energy sector is set for a lower start, pressured by weakness in the crude complex and the broader markets.
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