The Latest

Public Capital

BP To Quit Western Energy Alliance, Other Trade Groups Over Climate Policies

Western Energy Alliance and two other U.S.-based trade organizations do not “share our ambitious and progressive approach to the energy transition,” says BP CEO Bernard Looney.

February 26, 2020

Restructurings

Bankruptcy Risks Rise For US Shale

Credit crunch looms for U.S. shale producers as ‘staggering’ amount of debt nears maturity.

February 26, 2020

Business

Trump Admin In Talks About Chevron’s Operations In Venezuela

The Trump administration is in discussions about whether to renew a license for Chevron's operations in Venezuela as Washington looks to increase pressure on its socialist leader.

February 26, 2020

Business

Centennial Resource Development Sells Off Permian Water Assets For $225 Million

Upon closing of the acquisition, WaterBridge will handle all of Centennial Resource Development's produced water in the Southern Delaware Basin.

February 25, 2020

Business

Schlumberger CEO: US Shale Oil Production Growth To Slow In 2020

Lower oil prices and investor demand for higher returns have forced U.S. shale producers to scale back investment after production surged over the past three years.

February 25, 2020

Earnings

ProPetro’s Board Audit Finds ‘Multiple Material’ Weaknesses

U.S. oilfield services provider ProPetro released preliminary fourth-quarter results on Feb. 24, estimating revenue of between $431 million and $437 million, up slightly from last year.

February 25, 2020

Business

Alaska Oil: Polar Regress

Even with giant deals, massive oil discoveries and a move west of its legacy fields, Alaska begins 2020 looking to pick up the slack from production declines, debt and the threat of higher taxes.

February 25, 2020

People

Mark Papa To Retire From Centennial Resource Development

Following Mark Papa’s retirement, the board of Permian shale operator Centennial Resource Development has decided to separate the roles of chairman and CEO.

February 24, 2020

People

Kosmos Energy CFO Thomas Chambers Set To Retire

Kosmos Energy CFO Thomas P. Chambers is set to retire after a decades-long career in oil and gas, the Dallas-based E&P company said Feb. 24.

February 24, 2020

People

Alerian Unveils Ammys Hall Of Fame 2020 Inductees

The Ammys is a set of awards given annually by Dallas-based Alerian to recognize excellence in the North American energy infrastructure industry.

February 24, 2020