The Latest

Public Capital

Canadian E&P Consolidation Continues with Billion-dollar Montney Merger

Tourmaline Oil’s agreement on June 11 to acquire Montney operator Black Swan Energy continues a trend in the Canadian energy sector, which has seen a flurry of mergers between oil and gas producers within the past year.

June 11, 2021

Public Capital

Ranger CEO Darron Anderson Leaves Company for New Opportunity

Upon the departure of CEO Darron Anderson, the board of directors of Ranger Energy Services appointed Board Chairman Bill Austin to serve as the Houston-based oilfield service company’s interim CEO.

June 11, 2021

Public Capital

BP Plans to Spin Off Iraq Operations into Standalone E&P Company: Report

Spinning off oil and gas assets is seen as a way for BP to shift towards renewable energy.

June 11, 2021

Public Capital

Riverstone Looking to Divest Equity Stake in Liberty Oilfield Services

Private equity firm Riverstone is offering the roughly 12.3 million shares of Class A common stock it still owns in Liberty Oilfield Services in a public offering priced at $15.60 per share.

June 11, 2021

Public Capital

Oil and Gas Investor: Show Me the Dividend

What is the preferred way to reward oil and gas investors after achieving free cash flow? Dividends are becoming all the rage.

June 11, 2021

Public Capital

Exxon Mobil’s Board Shakeup Could Force Review of Billions in Spending

The Exxon Mobil boardroom contest shocked the energy industry and came after years of weak financial returns at the largest U.S. oil producer.

June 10, 2021

Investment

US Energy Department Shoots for the Stars on Hydrogen

U.S. Energy Secretary Jennifer Granholm wants to slash the cost of green hydrogen over the next decade, which would make it cheaper to produce hydrogen from renewables than from natural gas.

June 10, 2021

Business

Occidental Sells Permian Acreage to Colgate for $508 Million

The purchase of Permian Basin acreage from Occidental Petroleum is Colgate Energy’s second acquisition in the region this month so far putting the company in a truly differentiated position, Co-CEO James Walter says.

June 10, 2021

Business

Cheniere to Collaborate with Gas Suppliers, Academic Institutions to Monitor GHG Emissions

The program will use ground-based, aerial and satellite technologies.

June 10, 2021

Public Capital

TC Energy Officially Abandons Keystone XL Pipeline Project

The pipeline, which would have been under construction this year, was blocked after U.S. President Joe Biden revoked a key permit on his first day in office.

June 9, 2021