Goldman Sachs
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Transactions
Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal
Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal
Lucid Energy To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs For $1.6 Billion
Lucid Energy To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs For $1.6 Billion
Baker Hughes’ Frack Fleet Deal Pays Pennies On The Dollar
Baker Hughes’ Frack Fleet Deal Pays Pennies On The Dollar
Goldman Sachs Invests $1.5 Billion In Danish Energy Company
Goldman Sachs Invests $1.5 Billion In Danish Energy Company
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News
Exxon Mobil Appoints Dina Powell McCormick to Board
Veteran investment adviser Dina Powell McCormick will join Exxon Mobil’s board effective Jan. 1, the supermajor announced on Nov. 7.
How Goldman Sachs’ Solomon and FedEx’s Smith See Oil and Gas
Both Solomon and Smith see fossil fuels as essential, “or society won’t function.”
Generative AI: Prepare for Disruption
Generative AI technology is expected to further boost productivity and ‘change the world as we know it.’
Hess Midstream Announces Secondary Offering
Hess Midstream announced the pricing of 10 million Class A shares representing limited partner interests at $28.80 per share.
Goldman Sachs to Invest Over $1 Billion in Europe Biomethane Venture
Verdalia Bioenergy, a Goldman Sachs business, will aim to invest more than $1 billion in biomethane over the course of four years.
Asia-Pacific Region Seen as Key in Global Decarbonization Push
As of 2020, 11 major Asia Pacific (APAC) countries were responsible for 52% of global CO2 emissions, and they’re expected to continue increasing through 2030, according to Goldman Sachs.
Goldman Sachs Cuts 4Q Oil Forecast by $10/bbl on China 'Speed Bump'
Despite cutting its fourth-quarter 2022 forecast, Goldman Sachs kept its 2023 Brent forecast the same.
US Bankers Head to Saudi ‘Davos in the Desert’ Despite Tensions
Heads of major U.S. banks JPMorgan Chase, Blackstone and Goldman Sachs remain keen to tap Saudi Arabia’s oil wealth as it enjoys a petrodollar-fueled boom.
Analysts: Diamondback Feeds the Inventory Beast with $1.6 Billion Bolt-On
The deal adds inventory to Diamondback Energy—the second largest oil producer in Texas—that compares in quality to the company’s prodigious Spanish Trail acreage, analysts said.
Goldman Raises Oil Price Forecasts on ‘Very Bullish’ OPEC+ Cuts
If the latest reduction in output by OPEC+ is sustained through December 2023, it would amount to $25/bbl upside to their Brent forecast, with potential for price spikes even higher should inventories fully deplete, Goldman Sachs said.
Goldman Says Reported OPEC+ Output Cuts Reinforce its Bullish Oil View
Despite one of the tightest markets in recorded history, Goldman said the reported OPEC+ cut could be justified by the 40% decline in prices from their June peak and enabled by the lack of supply elasticity, given slowing shale activity and exhausted spare capacity.
Goldman Cuts 2023 Oil Price Forecast Due to Weakening Demand Outlook
“While it may be surprising that oil is pricing such low growth expectations, this reflects the outsized exodus of investors, forced away by the extreme price volatility this spring,” Goldman Sachs said in a research note.
Analysts: EQT’s Monster $5.2 Billion Deal a Cash Cow
EQT’s purchase of Tug Hill and XcL Midstream’s assets in the Appalachian Basin will contribute to $150 million in long-term cash flow, Goldman Sachs said.
Goldman Sees Strong Case for Higher Oil Prices Despite Negative Shocks
Goldman Sachs trimmed its Brent price forecasts for the third and fourth quarters to $110/bbl and $125/bbl, respectively, versus previous forecasts of$140 and $130. It kept its 2023 outlook of $125 unchanged.
Goldman Hikes Crude Price Forecast; Barclays, Rystad Warn of $200 Oil
Barclays said disrupting most of Russian seaborne crude supplies in its worst-case scenario could push prices above $200, although it did not revise its 2022 Brent forecast.