It has been depicted as a new David-and-Goliath tale for Wall Street: a tiny hedge fund called Engine No. 1 went up against the mightiest oil company in the U.S. and won three seats on its board, with a mandate to prepare it for a future free of fossil fuel.
Oil and gas group Total won more than 90% backing for its climate plan to gradually reduce its emissions on May 28, when shareholders also voted overwhelmingly in favor of its rebrand as TotalEnergies to mark its shift to renewable energy.
Effective immediately, UP Energy, a private gas producer focused in the Pinedale and Jonah Fields of Wyoming’s Green River Basin, will be known as PureWest Energy.
With a stronghold in the Williston Basin, Northern Oil and Gas Inc. has recently added a large swath of Marcellus acreage from Reliance Industries and made a long-calculated move into the riches of the Permian Basin.
In the latest installment of the Path Forward series, Crescent Pass Energy Senior Vice President of Business Development Jake Stroud provides Hart Energy with an exclusive look at A&D activity from the point of view of a private operator.
The Valaris Group has successfully completed its financial restructuring and emerged from chapter 11 on April 30.
Pinnacle Midstream founder Greg Sargent is confident in the Permian Basin and the industry’s ability to “conform and prosper as we always have” to new conditions and regulations.