Public Capital

Public Capital

Occidental Reports Resounding Election for Directors Despite Battered Share Price

The votes came in the first annual meeting held since Occidental Petroleum's acquisition of Anadarko, an ill-timed bet that has knocked its share price by 78% since its interest was first disclosed.

June 4, 2020

Public Capital , Investment , Emissions , Renewables , Acquisitions & Divestitures

Total Acquires Stake in $3.7 Billion Offshore Wind Farm Project

The French energy giant will acquire a 51% stake in the Seagreen 1 project, which, once completed, will be Scotland’s largest offshore wind farm.

June 3, 2020

Public Capital , Shale Plays

E&P Stocks to Watch: Looking for Gain, Not Pain

A year from now, which E&P stocks will oil and gas investors wish they’d bought in 2020’s summer doldrums?

June 2, 2020

Public Capital , Private Equity , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Trends

PATH FORWARD: Jefferies’ Bill Marko Talks A&D’s ‘Slow Awakening,’ Big Changes for US Shale

Bill Marko, managing director at Jefferies, says he sees permanent changes to the U.S. shale business resulting from the destruction to oil demand over the past several months.

June 2, 2020

Public Capital , People , Exploration & Production

Long-serving Exxon Mobil Upstream Executive Steve Greenlee to Retire

In conjunction with Greenlee’s retirement, Linda DuCharme was appointed as his successor while also retaining her current position as president of ExxonMobil Upstream Integrated Solutions Co.

June 1, 2020

Public Capital , Investment

Hedge Fund Angelo Gordon Reportedly Raising $1.5 Billion for Distressed Energy Debt

Hedge fund Angelo Gordon & Co. LP aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter.

June 1, 2020

Public Capital , Investment , Trends , Midstream

The Midstream 50: Consolidation Rattles the Rankings

The long-running contraction in the number of midstream players accelerated in 2019.

June 1, 2020

Public Capital , Midstream

Pipeline Operator Energy Transfer Warns of Coming Job Cuts

Marshall McCrea, chief commercial officer for Dallas-based Energy Transfer, said in a recorded message to employees the cuts would begin June 1 and affect about 6% of the company's staff.

June 1, 2020

Public Capital , Investment

United States Oil Fund Reportedly Faces Probes into Risk Disclosures to Investors

United States Oil Fund LP, the country's largest crude exchange-traded fund, is being investigated by U.S. regulators over whether its risks were properly disclosed to investors, Bloomberg reported.

June 1, 2020

Public Capital , People , Exploration & Production , Shale Plays

Ovintiv President Michael McAllister to Retire

Upon Michael McAllister’s retirement, CEO Doug Suttles will assume the responsibilities of president at Denver-based Ovintiv Inc., formerly known as Encana.

June 1, 2020