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.
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.
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.
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.
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.
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.
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.
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.
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.
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.