Public Capital

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

Norway’s Equinor Selected for Largest-ever US Offshore Wind Award

The contract awarded to Equinor to provide generation capacity to New York with renewable power is set to position the Empire State as an offshore wind industry hub.

January 14, 2021

Public Capital , International

S&P Dow Jones to Remove Chinese Oil Giant CNOOC Due to US Sanctions

The Trump administration had added China's oil giant CNOOC to a blacklist of alleged Chinese military companies in early December.

January 14, 2021

Restructurings , Public Capital , Exploration & Production , Shale Plays

Chesapeake Energy Bankruptcy Plan Giving Lenders Control Approved by US Judge

The bankruptcy plan will allow Chesapeake Energy to emerge "a stronger and more competitive enterprise," spokesman Gordon Pennoyer said.

January 14, 2021

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Equinor Considers Selling Bakken Shale Assets

Equinor's spokesman told Reuters the Norwegian oil and gas company was reviewing its whole portfolio, including its assets in the U.S., following its CEO change last year.

January 13, 2021

Public Capital , Policy & Regulations

Chevron CEO Says Reviewing Political Donations after US Capitol Assault

CEO Mike Wirth also said on Jan. 12 that Chevron expected to find "common ground" with the Biden administration on the economy and jobs, and expected the world to transition to a "lower-carbon energy system over time."

January 12, 2021

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

Pioneer Completes Parsley Energy Acquisition through All-stock Merger

The all-stock acquisition of Parsley Energy valued at over $7 billion gives Pioneer Natural Resources combined control of nearly 1 million acres across the Permian Basin with positions in both the Delaware and Midland sub-basins.

January 12, 2021

Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers

Premier Oil Shareholders Approve Merger to Create Largest UK North Sea Producer

Shareholder approval for the transaction with Chrysaor has now been received, says Premier, which will be renamed Harbour Energy but maintain its London listing.

January 12, 2021

Public Capital , People , Exploration & Production , Shale Plays

Former Noble Energy Exec Brent Smolik Joins Marathon Oil Board

The addition of Brent Smolik, formerly president and COO of Noble Energy, increases the size of the Marathon Oil board of directors to nine, according to a company filing.

January 11, 2021

Restructurings , Public Capital , Exploration & Production , Shale Plays

Chesapeake Energy Worth $5.13 Billion on Bankruptcy Exit, Judge Says

Chesapeake Energy's value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer's trial indicated, and is worth $5.13 billion, far above the shale gas pioneer's estimate.

January 11, 2021

Public Capital , Investment , Exploration & Production , Shale Plays , Trends

Want Alpha Returns? In the Oil Patch, Beta Always Dominates

The age of the driller is over, industry expert Chuck Yates says, and the oil and gas companies that outperform going forward will be valued on different metrics.

January 11, 2021