Following a historic quarter for the oil and gas industry marked by an unprecedented price crash, Bryan Benoit, a principal at Grant Thornton Financial Advisors, is starting to see signs of a recovery ahead.
“From my perspective, the outlook is very good,” Benoit said. “Especially, as we get into the second- and third-quarter of 2021. Of course, the recovery and path forward for oil and gas just gets better from there. Most interestingly, I’ve witnessed firsthand that this has started to be reflected in my client’s forecast.”
In this interview with Hart Energy’s Jessica Morales, Benoit, who also leads Grant Thornton’s energy advisory practice in addition to serving as national managing partner for the firm’s corporate value consulting practice in the U.S., discusses second-quarter earnings, bankruptcy filings, M&A outlook plus gives his take on what Chevron Corp.’s multibillion-dollar acquisition of Noble Energy Inc. could mean for the industry.
Jump to a topic:
- Second-quarter earnings (0:19)
- Bankruptcy filings (1:45)
- M&A bounce back (3:21)
- Chevron’s takeout of Noble Energy (4:21)
- Bank redetermination process (5:55)
- Downturn’s effect on energy transition (7:16)
- Industry’s path forward (8:06)
Recommended Reading
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Chevron Names Laura Lane as VP, Chief Corporate Affairs Officer
2025-01-13 - Laura Lane will succeed Al Williams in overseeing Chevron Corp.’s government affairs, communication and social investment activities.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Gigablue Enters CCS Agreement with Investment Firm SkiesFifty
2025-01-14 - Carbon removal company and investment firm SkiesFifty have partnered to sequester 200,000 tons of CO2 over the next four years.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.