The Latest

Business

Clean Crude? Oil Producers Use Offsets to Claim Green Barrels

Oil and gas companies worldwide are increasingly trying to market their products as cleaner, including by buying credits, powering drilling operations with renewable power and investing in technology to capture and store emissions.

April 19, 2021

Influential Women

Women in Energy: Sylvia K. Barnes, Tanda Resources

Today’s featured 25 Influential Women in Energy honoree is Sylvia K. Barnes, principal at Tanda Resources LLC based in Houston.

April 19, 2021

Earnings

Energean Targets $2 Billion in Revenue by 2023

Based on its current portfolio, East Mediterranean-focused gas producer Energean reported 2020 revenue of $336 million and $108 million EBITDAX.

April 19, 2021

Business

Aruba Aims to Sign Deal with Houston-based Eagle LNG Partners

The deal would allow Eagle LNG Partners to supply Aruba’s power company with natural gas, replacing high-sulfur fuel oil as the country’s main fuel for generation.

April 19, 2021

Investment

ChampionX Invests in Quantum Sensor Startup QLM Technology

ChampionX Corp. has completed its investment in quantum sensor startup QLM Technology Ltd. on April 19. QLM Technology has developed a revolutionary quantum gas camera with a unique ability to detect, visualize and quantify emissions of methane, helping organizations to achieve net zero through mitigation of emission sources.

April 19, 2021

Business

Oil and Gas Investor A&D Trends: A&D Relapse

If dealmakers can get over the past year, with its misery as treacherous and deep as a river of mud, they may find a promising market in the months ahead.

April 16, 2021

Public Capital

Apache Gains $147 Million from Change in Natgas Hedging Before Texas Freeze

Analysts at Cowen & Co. boosted their earnings estimates for Apache due to better-realized pricing, notably in gas that “reflect greater exposure to daily pricing versus bid week.”

April 16, 2021

Public Capital

California Resources Appoints TJ Cepak as Board Chairman

The appointment of Tiffany “TJ” Thom Cepak as board chairman replaces Mark A. “Mac” McFarland, who was named as permanent president and CEO of California Resources last month.

April 16, 2021

Business

Golden Gate Capital Launches Infrastructure Platform, Buys Waterfield Midstream Assets

Stonehill Environmental Partners to provide water pipeline disposal and recycling infrastructure solutions.

April 16, 2021

Restructurings

E&P Bankruptcies on Simmer in First Quarter

In a sign of possible attrition, there were no billion-dollar bankruptcies filed in the first quarter by oil and gas producers in North America, which hasn’t happened since third-quarter 2018, according to Texas-based law firm Haynes and Boone.

April 16, 2021