Ireland








Oil & Gas

Crude Oil

Ithaca Energy PLC Reveals Combination with Eni UK For Consideration Shares Worth C. ₤ 754 Million

Ithaca Energy PLC: * ITHACA ENERGY PLC DELEK GROUP - DLEKG - TRANSFORMATIONAL COMBINATION WITH ENI UK * ITHACA ENERGY PLC: FACTOR TO CONSIDER SHARES DESERVE C. ₤ 754. MILLION * ITHACA ENERGY PLC: MIX OF ITHACA ENERGY AND. SUBSTANTIALLY ALL OF ENI S.P.A.'S UK UPSTREAM OIL AND GAS PROPERTIES * ITHACA ENERGY PLC: ANTICIPATED 2024 COMBINED PRODUCTION OF. 80,000. TO 87,000 BARRELS OF OIL EQUIVALENT PER DAY FOR COMBINATION * ITHACA ENERGY PLC: AMBITION FOR AS MUCH AS $500 MILLION OVERALL. DIVIDEND IN 2024 FOR MIX * ITHACA ENERGY PLC: ITHACA ENERGY BOARD HAVE DETERMINED. THAT. MIX REMAINS IN...

Oil & Gas

MORNING BID AMERICAS-Rates angst, China cut and charge card offer

A look at the day ahead in U.S. and worldwide markets from Mike Dolan Wall St returns from its vacation to a mix of rate of interest cut doubts, retailer updates and the biggest U.S. corporate deal of the year - while China's newest monetary easing was brushed off by markets overseas. With the Federal Reserve launching minutes of its January policy meeting on Wednesday, the rates market has actually been dragged kicking and yelling back more detailed to where the Fed had initially indicated at the end of last year. After sparky brand-new year customer and manufacturer rate readings...

Fossil Fuels

Fossil Fuels

Appealing pipelines and fracking, Trump rakes in millions at Texas fundraisers

Republican governmental prospect Donald Trump raised 10s of countless dollars during a fundraising swing through Texas today, guaranteeing he would support the oil and gas industry by backing brand-new pipelines and restoring fracking on federal land. Trump has actually courted support from the energy industry with a. pro-fossil fuel and anti-regulation agenda and routinely. criticizes President Joe Biden's policies to speed up the. energy transition toward a low-carbon economy. The oil and gas industry has boomed under Biden despite. increased regulation and the more climate-focused. administration, making record profits and pumping more oil and. gas than ever before. The market...

Oil & Gas Transportation

Deals of the day-Mergers and acquisitions

The following quotes, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** CyberArk stated it will acquire cybersecurity company Venafi from private equity company Thoma Bravo in an offer valued at around $1.54 billion. ** Abu Dhabi National Oil Company (ADNOC) has acquired an 11.7% stake in NextDecade's Rio Grande liquefied natural gas export center in Texas and entered a supply contract, marking the UAE energy giant's first big financial investment in the United States. ** Regional lending institution SouthState Corp will purchase smaller competing Independent Bank Group for about $2. billion, the companies said. ** Star...

Fossil Fuels

Ithaca Energy gets quote rights on Eni's UK properties, profit slips

Ithaca Energy has actually been provided a fourweek exclusivity duration by Italy's Eni, to make an offer for UK expedition and production properties that might broaden its output enormously, the Londonlisted business stated on Wednesday. Purchasing those properties, consisting of those of Eni's just recently obtained Neptune Energy, could include a further 40,000-45,000. barrels of oil equivalent per day (boe/d) to Ithaca's output,. taking the total to more than 100,000 boe/d. In return, Ithaca would issue brand-new shares to Eni, which will. end up being a major investor by holding some 38% to 39% of the. enlarged share capital of...

Mining

Mining

Arcadium Lithium beats expectations on cost cuts in spite of weak rates

Arcadium Lithium, formed previously this year with the merger of U.S. lithium miner Livent and Australia's Allkem, published a drop in firstquarter revenue on Tuesday due to a decline in prices for the metal utilized to make electric automobile batteries, although outcomes beat Wall Street's. expectations on cost cuts. International supplies for lithium outmatched demand throughout 2023 and. fueled an excess that has dragged out prices, harming Arcadium and. other manufacturers. Nevertheless, the market has remained bullish on. long-lasting demand for the battery material due to the international. electrification pattern. Arcadium published net income of $15.6 million, or 1 cent...

Mineral Resources

Eramine Sudamerica signs up with Argentine lithium race with Salta plant

Eramine Sudamerica is set to inaugurate its first lithium carbonate plant in the northern Argentine province of Salta this July, setting it on track to become the South American country's 4th manufacturer of the key battery metal. The group, owned by French miner Eramet and Chinese steelmaker Tsingshan, anticipates to produce some 3,000 heaps this year and ramp up to some 24,000 lots by 2025, the business's. sustainability director Constanza Cintioni told in an. interview. Lithium, which is utilized for batteries in cellphones and. electric vehicles (EV), saw its price skyrocket over current. years, before plunging in 2023 mainly due...

Mineral Resources

Boliden to restart its Tara zinc mine in Ireland

Boliden will restart production at its Tara zinc mine in Ireland in the 3rd quarter after being closed for almost one year, the Swedish mining group said on Friday. Tara will gradually increase production to reach full capacity from January 2025, Boliden said. The mine was suspended considering that last June after costs of the galvanizing metal hit a three-year low. It is Europe's largest zinc mine and produced more than 300,000 metric lots of zinc focuses a year. Tara's. suspension, together with disruptions at significant Australian mines. had actually triggered a tighter supply of zinc focuses. A contract has...

Climate Change

Financial Times - May 14

The following are the leading stories in the Financial Times. has actually not verified these stories and does not guarantee their accuracy. Headlines - Apollo and Intel enter talks to finance $11bn chip plant in Ireland - Anglo American declines enhanced ₤ 34bn offer from BHP - Chinese solar groups take out of tender after EU anti-subsidy probe - Stellantis in talks with Vale to purchase Indonesian nickel smelter Overview - Intel remains in advanced talks for a handle Apollo Global Management in which the equity firm would provide more than $11 billion to construct a facility in Ireland. -...