Public Capital

Public Capital , Acquisitions & Divestitures

Woodside Petroleum Says on the Lookout for Acquisitions

"We're clearly scanning the landscape very closely looking for opportunities," Woodside Petroleum CEO Peter Coleman told analysts on a conference call.

August 13, 2020

Public Capital , Investment , Emissions , Technology

Oil Major Chevron Invests in Nuclear Fusion Startup

Chevron Corp. said Aug. 12 it is investing in Zap Energy Inc., joining other oil majors who have also backed nuclear fusion startups to reduce their carbon footprint.

August 13, 2020

Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures

Southwestern Energy Builds Position with Montage Resources Deal

The transaction, expected to close in the fourth quarter, would make Southwestern the third largest producer in Appalachia.

August 12, 2020

Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers

Chevron Pursued Deal for Noble Energy’s Mediterranean Gas Fields Last Year

Chevron Corp. last year proposed to acquire a stake of at least 50% in Noble Energy's Eastern Mediterranean natural-gas fields, talks that led to July's all-stock deal.

August 11, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures

Antero Resources Nears 2020 Divestiture Target with $220 Million Asset Sale

Antero Resources’ latest asset sale is a volumetric production payment transaction comprised of dry gas producing properties in West Virginia with a seven-year term ending 2027.

August 11, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Occidental to Cut Debt Before Boosting Oil Production, CEO Vicki Hollub Says

Occidental is restarting some activity in the Permian Basin and Gulf of Mexico, but its focus is to "ensure that we have the liquidity to go forward so we have the ability to meet our maturities," CEO Vicki Hollub says.

August 11, 2020

Public Capital

Saudi Aramco’s $75 Billion Dividend Dilemma

Months after the world’s biggest IPO, Saudi Aramco is finding it harder to pay shareholders.

August 11, 2020

Public Capital , Exploration & Production

Saudi Aramco Moves Forward with Plan to Boost Oil Output Capacity, CEO Says

Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million bbl/d to 13 million bbl/d despite cuts in capex this year and next year, CEO Amin Nasser says.

August 11, 2020

Public Capital , Earnings , Shale Plays

Occidental Petroleum Posts Fourth Straight Quarterly Loss on $6.6 Billion Write-down

Occidental Petroleum posted its fourth straight quarterly loss on Aug. 10 as it recorded a $6.6 billion impairment charge, largely to write down the value of its properties following a crash in oil prices.

August 10, 2020

Public Capital , Earnings , Pipelines

Duke Takes $1.6 Billion Charge to Exit Atlantic Coast Pipeline

Duke Energy said it took a $1.6 billion after-tax charge for the cancellation of the Atlantic Coast natural gas pipeline. Project partner Dominion already took a $2.8 billion charge related to the cancellation.

August 10, 2020