Public Capital

Public Capital , Health, Safety & Environment , Emissions , Renewables

BP Battles to Calm Investor Jitters as Shares Sink to 25-year Low

Concerns over COVID outweigh any optimism on the oil major’s grand plan tied to the energy transition.

September 25, 2020

Public Capital , Exploration & Production , Crude Oil , Shale Plays

ConocoPhillips Sees Global Oil Demand Returning

The view stands in contrast to that of rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand, though ConocoPhillips still expects "quite a bit of uncertainty next year."

September 25, 2020

Public Capital , Investment , Acquisitions & Divestitures , Midstream

Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion

The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.

September 24, 2020

Restructurings , Public Capital , Shale Plays , Technology , Acquisitions & Divestitures

Calfrac Rejects Wilks Brothers’ $20 Million Takeover Offer

Instead, Canada's Calfrac Well Services on Sept. 24 said it was sweetening its recapitalization plan to reduce debt.

September 24, 2020

Public Capital , Field Development , Shale Plays , Midstream

Range Resources Signs Supply Deal for Appalachia Ethane Cracker

Range Resources CEO Jeff Ventura called the ethylene cracker being built by State-owned Thai oil and gas company PTT PCL along the Ohio River in Belmont County a “win-win-win” for the company, PTT and Northeast communities.

September 24, 2020

Public Capital , Technology , Acquisitions & Divestitures

Siemens Sees Market Value of Energy Spinoff above $20 Billion

Siemens is selling off the business, which has been hit by a collapse in demand and changing energy policies, to focus on smart buildings, mobility and factory automation.

September 23, 2020

Restructurings , Public Capital , Exploration & Production , Enhanced Oil Recovery , Storage

Denbury Resumes Trading on NYSE after Emerging from Bankruptcy

Denbury will now focus on leveraging its expertise and strategic assets into an emerging carbon capture, use and storage business following completion of its financial restructuring, CEO Chris Kendall says.

September 22, 2020

Public Capital

Occidental Petroleum to Pay Dividend to Buffett’s Berkshire in Cash

Occidental Petroleum said Sept. 21 it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway in cash instead of common stock, even as the company tries to reduce debt.

September 21, 2020

Public Capital , People , Midstream

TC Energy CEO Russ Girling to Retire by Year-end

TC Energy COO François Poirier will take over as president and CEO after the Canadian pipeline operator’s current boss Russ Girling retires at the end of this year.

September 21, 2020

Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures

EQT Reportedly Bids $750 Million for Chevron’s Appalachia Shale Assets

Chevron is marketing about 800,000 acres in the Marcellus and Utica shale plays of Pennsylvania and neighboring states and a 31% nonoperating interest in Laurel Mountain Midstream.

September 18, 2020