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