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Chinese Firm Shandong Xinchao Expands Its Foothold in Texas' Oil-Rich Permian Basin

AP Feed
On Sunday, China’s Shandong Xinchao announced its decision to shell out $420 million to purchase oil-producing acreage from Grenadier Energy in the Texas Permian Basin.
Or rather, Surge Energy of Houston made the announcement via PR Newswire.
HOUSTON, Jan. 31, 2021 /PRNewswire/ Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announced in the US that it, through its subsidiary, has signed a purchase and sale agreement to acquire leasehold interest and producing wells from Grenadier Energy Partners II LLC (“GEP II”) in Howard County, TX (the “Transaction”). The aggregate purchase price of the Transaction is expected to be approximately $420 million USD. ....

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Prospects bleak for big Biden climate legislation even with Georgia victories

Prospects bleak for big Biden climate legislation even with Georgia victories
Josh Siegel
© Provided by Washington Examiner
President-elect Joe Biden speaks at a drive-in rally for Georgia Democratic candidates for U.S. Senate Raphael Warnock and Jon Ossoff, Tuesday, Dec. 15, 2020, in Atlanta. (AP Photo/Patrick Semansky)
President-elect Joe Biden would face bad prospects enacting big climate legislation even if Democrats control the Senate by the tiniest of margins from winning next week’s runoff races in Georgia.
Chuck Schumer as majority leader would set the legislative agenda if Democrats Jon Ossoff and Raphael Warnock defeat Republican Sens. David Perdue and Kelly Loeffler in Georgia’s Jan. 5 runoff election. ....

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BIVA captured 16% of the Mexican stock market during 2020, in its second year of operations

BIVA captured 16% of the Mexican stock market during 2020, in its second year of operations
Throughout the year, BIVA increased its business volume by 70%, to 115 million dollars.
In this period, and despite the difficulties induced by the health emergency resulting from the COVID-19 pandemic, the consolidated trading volume recorded by the company amounted to more than 2.7 billion dollars.
During 2020, BIVA broke three years without any IPO in Mexico when the energy company COX Energy America (COXAII:MM) began trading last June.
Despite being a complex and atypical 2020 due to the effects of the pandemic, our work alongside issuers and investors to strengthen the Mexican capital market has allowed us to be the fastest-growing option in the nation, María Ariza, CEO of BIVA, explained. ....

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