Public Capital
Public Capital , Investment , Energy Transition , Technology
Lancium Closes $150 Million in Financing to Grow Clean Energy Business
Hanwha Solutions leads financing round, with participation from other leading strategic energy investors.
IPO , Markets
ADNOC Weighs IPO of Logistics and Services Unit Next Year, Sources Say
Gulf oil producers are looking at sales of stakes in energy assets, capitalizing on a rebound in crude prices to attract foreign investors.
Public Capital , Petrochemicals , Crude Oil , Trade
Biden Asks FTC to Redouble Probe of Possible ‘Illegal Conduct’ over High Gas Prices
Gas prices have continued to rise at the pump, Biden said in a letter to the FTC, noting that the two largest U.S. oil and gas companies—Chevron and Exxon Mobil—were on track to nearly double their net income.
Public Capital , Shale Plays , Acquisitions & Divestitures
Northern Oil & Gas to Add Veritas Permian Assets in Largest Acquisition To Date
Northern Oil and Gas agreed to acquire Veritas Energy’s nonoperated oil and gas properties located in the Delaware and Midland basins for a cash purchase price of $406.5 million.
Public Capital , Crude Oil , Legislation , Energy Transition , Shale Plays
Opinion: Biden’s Green Agenda Not Responsible for Gasoline Price Surge
It is Wall Street, not Washington, that has put the clamps on growth in America’s oil patch, argues the Financial Times’ Houston correspondent.
Public Capital , Shale Plays , Acquisitions & Divestitures , Lease Sales
Exxon Mobil Launches Sale of Texas Shale Gas Properties
Exxon Mobil, which suffered a historic $22.4 billion loss in 2020, is selling assets in Asia, Africa and Europe as it as focuses on production ventures in Guyana, offshore Brazil and the Permian Basin.
Public Capital
Shell to Scrap Dual Listing, Shift HQ to London
The Anglo-Dutch company, which for years faced questions from investors about its complex dual listing, also expects to drop “Royal Dutch” from its name. It will become Shell Plc.
Public Capital , Shale Plays , Acquisitions & Divestitures
Diversified Energy Sells Chunk of Recently Acquired Tanos Haynesville Acreage
The divestiture effectively reduces Diversified Energy’s investment in the previously announced Tanos transaction by 30% to $81 million from the original $118 million, net of purchase price adjustments.
Public Capital , People , ESG , Shale Plays
Shale Gas Giant EQT Recognized for Advancing Women’s Leadership, Board Diversity
In addition to achieving 50% female representation on its board of directors, EQT—the largest natural gas producer in the U.S.—increased the percentage of female hires by 15% and diverse hires by 5% in 2020.
Public Capital , Shale Plays , Acquisitions & Divestitures
Brigham Minerals Makes Largest Acquisition to Date in D-J Basin
Brigham entered an agreement with an undisclosed company to acquire 8,400 net royalty acres in the D-J Basin operated by the basin’s top producers.