The Latest

CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy

CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.

Diamondback Announces Executive Leadership Promotions

Diamondback Energy’s leadership changes follow the company’s previously announced $26 billion merger with Endeavor Energy.

Reactive Downhole Tools Appoints COO, CTO

Reactive Downhole Tools is also developing a new R&D test center in Abu Dhabi.

Flame Acquisition Holders Approve Merger with Sable Offshore

The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp.

From Restructuring to Reinvention, Weatherford Upbeat on Upcycle

Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle. 

SolarEdge to Restructure, Reduce Workforce

SolarEdge’s plans to restructure the company and cut 16% of its global workforce are in response to “current market dynamics.”

Covia Holdings to Separate Energy, Industrial Businesses

Covia Energy will be a leading pure-play sand company serving the energy industry, providing proppant and logistical solutions to E&Ps and oilfield service companies in major basins across North America.

NOV Announces Retirements, Reorganization of Operational Segments

NOV inc. stated it will be consolidating its reporting structure to drive operational and financial efficiencies into two segments: energy equipment and energy products and services.

The Aftermath of Oil and Gas M&A: Integration with Less Mess

The current wave of oil and gas consolidation exposes the supply chain and operational inefficiencies that stand in the way of achieving maximum ROI in both the short and long term. 

McDermott International Restructures, Gets Capital Infusion

McDermott International Ltd. reached an agreement with 75% of its lenders and equity holders and received $250 million in new capital that will allow it to operate and complete existing projects.