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.
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."
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.
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.
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.
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.
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.
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.
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.
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.