The Latest

Restructurings

Rosehill Resources to Join Growing Number of E&P Bankruptcies

“After exploring all strategic and financial options available to Rosehill,” CEO David French said the company agreed to a restructuring plan with its major creditors, which includes filing for Chapter 11 bankruptcy, .

July 3, 2020

Public Capital

Exxon Mobil Signals Second Quarterly Loss in a Row

Exxon Mobil last quarter cut oil production by up to 400,000 bbl/d and capex by 30%, much of it in its shale business.

July 2, 2020

Restructurings

E&P Bankruptcies Move in ‘Very Hairy’ Direction

Court rulings over disputes with midstream operators are no longer easy to predict.

July 2, 2020

Investment

Exxon Mobil, Princeton Energy Center Renew Collaboration to Advance Low-carbon Energy Solutions

Exxon Mobil and Princeton University’s Andlinger Center for Energy and the Environment have renewed their collaboration to research lower-emission technologies and energy solutions, the company said on July 2.

July 2, 2020

People

Cold Bore Technology Brett Chell Assumes New Role as CEO

Cold Bore Technology Inc., a leader in completion optimization technology, said June 30 that company co-founder and president, Brett Chell has assumed the role of CEO.

July 2, 2020

Business

Petrobras Plans to Cut Over 20% of Workforce in Mass Downsizing

Some have already left, while most will leave the company later this year or in 2021.

July 2, 2020

Company Profiles

PATH FORWARD: CEO Justin Love on Blackbuck Resources’ Unique Position

Blackbuck Resources CEO Justin Love says a unique background and being debt-free has allowed opportunities for the Houston-based midstream company through this tumultuous time. 

July 2, 2020

Restructurings

Shale Drillers Squeezed as Banks Tighten Credit after Oil Crash

So far in the spring season of redeterminations, the total borrowing base for three dozen publicly listed North American oil companies has been slashed by $7.5 billion, according to a Reuters analysis.

July 2, 2020

Restructurings

From Oil and Gas Investor Editor-in-Chief: The Great Awakening

Following a hurricane-like second quarter, the good news is the third quarter has arrived, and the oil and gas industry is at work cleaning up debris and trying to find a sense of normalcy. The questions are in what order, and will the calm winds last?

July 1, 2020

Investment

Global Oil Demand Likely Peaked in 2019, Energy Consultancy Firm Says

Norway-based consultancy DNV GL said global energy use would be 8% lower in 2050 than previously expected due to the impact of the pandemic.

July 1, 2020