Phillips 66 (PSX) aims to increase its natural gas processing footprint in the Midland Basin through its acquisition of Pinnacle Midland from a private equity firm, Energy Spectrum Capital.
Eni (E) partners with IFC and the Italian Climate Fund to secure a $210 million investment, aiming to revolutionize Kenya's biofuel industry, empower farmers, and decarbonize transportation.
Seadrill (SDRL) mentions that the divestiture aligns with its overall strategy to simplify its business and concentrate only on its core operations.