Pietro D
Pitts
Hart Energy
ADNOC Eyes Valuation of at Least $50 Billion for Its Gas Business
An initial public offering of ADNOC Gas could launch as soon as February as the company sharpens its focus on the gas market as Europe seeks to replace all Russian energy imports as early as mid-2024.
OPEC Development Fund Raises $1 Billion with First Ever Bond
The OPEC Fund for International Development will set aside money for food security, healthcare, infrastructure, education, employment and renewable energy projects.
Canadian Gas Producers to Boost Unconventional Production, Capex
Wood Mackenzie expects Canada’s largest natural gas producers — Montney Shale producers Tourmaline Oil, Canadian Natural Resources (CNRL) and ARC Resources — to continue to grow their unconventional production in 2023 despite inflation pressures.
Bernstein Forecast: US Capex to Rise 15% — But Remains Near 20-year Low
Global capex will increase to $575 billion, which is well shy of what is needed to meet long-term oil and gas demand, analysts say.
W&T Offshore Prices $275 Million in Private Notes Offering
The company intends to use the net proceeds of the offering, along with cash on hand, to redeem all of its 9.75% senior second lien notes due in 2023.
PNC Ups Pledge for Environmental Financing to $30 Billion
The $30 billion will finance low-carbon investments like green buildings, renewable energy and clean transportation.
Gunvor Group Closes $1.56 Billion Credit Facility for LNG
The credit arrangement launched at $1.2 billion was oversubscribed and increased from $1.135 billion to $1.565 billion, Gunvor Group said.
Civitas Resources C-Suite Chat: Rising to the Challenge(s)
Civitas Resources in the D-J Basin is aligning executive compensation with stakeholders, meeting emissions reduction targets and is on target to generate $1 billion in annual free cash flow this year. And inside its C-suite, a millennial woman from Colombia is showing everyone how it’s done.
Coterra Energy to Pay $16.3 Million for Pennsylvania Water Contamination Plea
The Pennsylvania attorney general charged Coterra Energy in 2020 after a grand jury investigation showed that drilling unconventional gas wells by the company had been responsible for methane pollution in the local water supply.
Permian Resources Could Entertain Value Propositions Next Year, Co-CEO Says
Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.