The Latest
People
Bristow Group Names Jennifer Whalen as CFO
Bristow Group Inc. has appointed Jennifer Whalen as senior vice president and CFO, effective on Sept. 16, 2020.
Business
PATH FORWARD: Honeywell CTO on Remote Oilfield Tech, Data Analytics
Jason Urso, CTO of Honeywell Process Solutions, joined Hart Energy to explain the growing significance of remote technologies in the current environment in which oil and gas companies operate.
Investment
Study: Global Net-zero Emissions Goal Would Require $1-2 Trillion Yearly Investment
As a result of the energy transition needed, oil demand could be slashed from 100 million bbl/d in 2019 to around 10 million bbl/d by mid-century, the study said.
Private Equity
Quantum Energy Partners, Global Reserve Group Lead Financing Round of Datagration
“PetroVisor has already delivered game-changing financial results for many E&P companies and is ready to scale globally,” Datagration Executive Chairman Peter Bernard said in a statement.
Business
Exxon Mobil Announces Winners of Power Play Awards
Second annual awards recognize women in the LNG business.
Business
Service Provider Proserv Opens New Facilities Boosting Global Operations
The new facilities in Abu Dhabi and Scotland demonstrate that even during a global pandemic, the controls technology provider is “growing and moving forwards,” says Michael Purkiss, Proserv’s vice president of services.
Business
Oil and Gas Personnel Issues: Legal Minefields
The nature of oil and gas businesses can pose tricky personnel issues, but sound human resources practices can prevent litigation.
Public Capital
US Shale Producers Bleed Cash Despite Slashed Spending
Deep spending cuts made by U.S. oil and gas producers in the second quarter were ‘too little, too late,’ analysts say.
Private Equity
Momentum Minerals Closes Third Funding Round from Apollo
The capital raise marks the latest equity commitment in Momentum Minerals management’s long-standing relationship with Apollo Global Management and its affiliates that started in 2013.
Restructurings
Lessons Learned from Early Wave of E&P Bankruptcies
As upstream oil and gas companies emerge from Chapter 11 bankruptcies, they’ll need to be mindful of exit credit facility terms and requirements that may reflect a shift from their prior experience and will likely affect their future borrowing base redetermination process.