The Latest

Public Capital

Exxon Mobil Expects $200 Million in Charges for Job Cuts This Year

Exxon Mobil, the biggest U.S. oil producer, has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors.

May 5, 2021

Public Capital

Marathon Oil, Apache First-quarter Profit Beats Estimates

The swing to profit in the first quarter also comes as Marathon Oil and other shale producers slashed spending and production last year.

May 5, 2021

Business

Energy Transition Could Be Delayed by High Metal Prices, Warns IEA

Production of critical minerals needed for clean energy technologies was much more concentrated than in the oil market, the IEA says.

May 5, 2021

Influential Women

Women in Energy: Melinda Faust, Detring Energy Advisors

Today’s featured 25 Influential Women in Energy honoree is Melinda Faust, managing director at Detring Energy Advisors based in Houston.

May 5, 2021

Private Equity

EnCap Raises $1.2 Billion for Firm’s First Energy Transition Fund

EnCap Investments has already deployed capital from its first energy transition fund in five platform investments in the battery storage, distributed power and utility-scale solar and wind sectors.

May 5, 2021

Private Equity

Oil and Gas Investor’s Capital Formation: PE’s New Game

As the era of build-and-flip ends, private equity investors are keen to find ways to generate returns.

May 5, 2021

Public Capital

Pioneer Natural Resources More than Doubles Profit in First Quarter

Pioneer Natural Resources, which operates in the Permian Basin in West Texas, said that its total output was 474,000 boe/d in the first quarter, compared with 364,000 boe/d of production in fourth-quarter 2020.

May 4, 2021

Influential Women

Women in Energy: Jill Evanko, Chart Industries Inc.

Today’s featured 25 Influential Women in Energy honoree is Jill Evanko, president and CEO of Chart Industries Inc. based in Ball Ground, Ga.

May 4, 2021

Earnings

ConocoPhillips’ Profit Surpass Expectations as Travel Demand Boosts Oil Prices

ConocoPhillips said it sold its oil and gas for an average $45.36 per barrel during the quarter, 17% higher than the year-ago period.

May 4, 2021

Restructurings

Valaris Emerges from Bankruptcy, Appoints New Seven-Member Board

The Valaris Group has successfully completed its financial restructuring and emerged from chapter 11 on April 30.

May 4, 2021