Southcross Energy Commences Chapter 11 Reorganization
Company has $255 Million in committed financing and expects to continue operations.
April 1, 2019
Restructurings
Vanguard Natural Resources Falls Back Into Bankruptcy
Vanguard Natural Resources filed for Chapter 11 protection on April 1, marking the second time the Houston-based E&P has entered bankruptcy since the 2014 oil crash.
April 1, 2019
PG&E Bankruptcy Threatens Major Battery Storage Project
The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.
March 25, 2019
Report: E&P CEOs Salaries Rose 5% Last Year
Average total compensation for CEOs and CFOs at E&P companies increased last year vs. 2017 primarily due to the value of long-term incentives.
March 19, 2019
Delek Drilling Considers London IPO For Leviathan Gas Stake
Delek Drilling is considering listing its holdings in the Leviathan natural gas field off Israel's Mediterranean coast on the London Stock Exchange as part of a corporate restructuring.
March 18, 2019
PetroQuest Energy Emerges From Bankruptcy With New Board
PetroQuest Energy completed its Chapter 11 reorganization and emerged from bankruptcy with nearly $300 million of its debt cleared.
February 11, 2019
Forty Under 40: Paul F. Jansen, Conway MacKenzie
Today’s Forty Under 40 honoree is Paul F. Jansen, managing director in Conway MacKenzie’s energy consulting practice where he has played a key role in developing new business opportunities.
November 28, 2018
Castello Branco To Be New Petrobras CEO Under Bolsonaro
Brazil's incoming far-right government on Nov. 19 tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA, amid a debate over privatization of the company's assets.
November 19, 2018
Venezuela Shakes Up PDVSA Management As Oil Production Tanks
Venezuela is tapping at least five new top executives to state oil company PDVSA, six sources said on Oct. 17, but the changes are unlikely to halt the unraveling of the OPEC member's oil industry under military management.
October 18, 2018
CVR Refining Announces Taking Bids On Cushing Tank Farm Assets
CVR Refining, LP (NYSE: CVRR), a refiner and marketer of petroleum fuels, on Sept. 17 announced that it intends to sell its Cushing, Okla., crude oil tank farm and currently is entertaining bids from potential purchasers.
September 18, 2018