Blackstone to buy $1 billion Virginia power plant near data centers
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal
Staff Writer
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal
Venture Global LNG was forced to nearly halve the valuation it is seeking in its U.S. initial public offering (IPO) after investors balked at
Calpine Corp's $16.4 billion sale to Constellation Energy is set to generate a handsome windfall for the power producer's owners, but has also stoked hopes within the
– Wall Street’s main indexes gave up early gains to trade mostly flat on Thursday, as initial optimism over milder-than-feared inflation data gave way to longer-term concerns about the state of the U.S. economy and whether stocks had much room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and core up 4.7%. In the first hour of trading, the three benchmark indexes advanced more than 1% as traders bet the U.S. Federal Reserve would stop further
– Wall Street’s main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy’s longer-term prospects and whether stocks had further room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and the core up 4.7%. In the first hour of trading, the three benchmark indexes advanced more than 1% as traders bet the U.S. Federal Reserve would stop further monetary tightening in 2023 and start cutting interest rates early
– Wall Street’s main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy’s longer-term prospects and whether stocks had further room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and the core up 4.7%. In the first hour of trading, the three benchmark indexes advanced more than 1% as traders bet the U.S. Federal Reserve would stop further monetary tightening in 2023 and start cutting interest rates early
Sixth Street has appointed Marcos Alvarado as its head of U.S. real estate, according to a statement on Tuesday, as it seeks further investments in a sector starved of
Cantor Fitzgerald has hired nine investment bankers as it bolsters its advisory services to technology companies, the boutique bank
EnCap Investments is seeking to sell XCL Resources, four people familiar with the matter said, two years after the private equity firm's plan to combine the
EquiLend Holdings LLC, the securities lending platform owned by 10 of the biggest Wall Street firms, including Goldman Sachs Group
BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1
Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer in the region of $60
The White House may have blamed Exxon
Petrie Partners, a boutique advisory firm known to few outside the energy industry, advised on Pioneer Natural Resources Co's $60 billion sale to
Senior management at Pioneer Natural Resources will likely be out of a job once the company's $60 billion sale to Exxon Mobil is completed, but the top brass will
Exxon Mobil Corp's resurgence under CEO Darren Woods and the upcoming retirement of Pioneer Natural Resources CEO Scott Sheffield were
ConocoPhillips is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as
Exxon Mobil's $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources may have been larger than Chevron's $53 billion agreement to buy Hess, but it is
BP is seeking to form joint ventures around its U.S. onshore natural gas fields to expand production and cut costs as rival energy giants
U.S. amusement park operator Cedar Fair LP is exploring a potential merger with peer Six Flags Entertainment Corp, people familiar with the
Chevron Corp said it is evaluating options for around 70,000 net acres of land in East Texas' Haynesville shale formation after pausing
Allete, a U.S. power utility and renewable energy developer that has a market value of about $5 billion, including debt, is exploring a sale of the company, people familiar
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at
Six U.S. oil and gas bankers who missed out on a wave of mega deals
The S&P 500 and Nasdaq Composite closed the first trading session of 2024 lower, weighed by a fall in Apple shares after a broker downgrade and declines among other big-
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