Public Capital
Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers
Canada’s Cenovus to Buy Husky Energy As Pandemic Drives Oil Mergers
The combined company is expected to generate annual synergies of $1.2 billion and will operate as Cenovus Energy Inc with headquarters in Alberta.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Permian Operator Laredo Petroleum Purchases Howard County Acreage
Laredo Petroleum remains “focused on executing similar, reasonably-priced bolt-on acquisitions around our core position in Howard County,” CEO Jason Pigott says.
Public Capital , People
Equinor CFO Lars Christian Bacher to Resign
Finance executive Svein Skeie will replace Lars Christian Bacher on Nov. 1 and will hold the CFO position until a permanent appointment is made.
Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers
Shale Gas Producer EQT Reportedly Seeking to Buy CNX Resources
EQT had recently sent a takeover proposal to rival CNX Resources, a report said, adding that no final decision has been made.
Public Capital , Earnings , Midstream , Pipelines
Kinder Morgan Profit Falls as Pandemic Hits Energy Demand
Market conditions are weighing on a number of planned expansion projects, Kinder Morgan said, adding that they were not needed at least in the near term.
Business , Public Capital
Exxon Mobil ‘Very Close’ to Disclosing US, Canada Job Cuts
The job cuts are part of a plan unveiled this spring to redesign how Exxon Mobil works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce.
Public Capital , Renewables , Acquisitions & Divestitures
Equinor Bids for Two Wind Power Projects Off US East Coast
Together the projects have the potential to power more than one million U.S. homes, with BP becoming a 50% non-operating partner.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
Pioneer Natural Resources to Acquire Parsley Energy in All-stock Merger
The merger of the two shale producers, both Permian Basin pure-plays, follows a growing wave of consolidation, which Enverus’ Andrew Dittmar described as a “historic winnowing of U.S.-based independent E&P companies.”
Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers
Pioneer Natural Resources Reportedly in Talks to Buy Parsley Energy
Pioneer and Parsley, both Permian pure-plays, are discussing an all-stock deal and could be completed by the end of the month if talks don’t fall apart, a report by the Wall Street Journal said citing people familiar with the matter.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
ConocoPhillips to Buy Permian Shale Producer Concho Resources in All-stock Deal
Concho Resources’ chairman and CEO, Tim Leach, is set to join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president of Lower 48.