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Capricorn Should Ditch Tullow Merger Deal, Investor Says
2022-08-09 - “The proposed merger appears to us to be a poorly disguised nil-premium takeover of Capricorn by Tullow,” said the letter which was dated Aug. 9 and signed by Palliser Capital (UK) Chief Investment Officer James Smith.
Comstock Resources Turns to Gas-powered Fracking to Help Offset Inflation
2022-08-09 - Comstock Resources reported it saved between $12,000 to $20,000 pre fracking stage since switching to natural gas-powered frac equipment.
Berkshire Hathaway Boosts Occidental Petroleum Stake above 20%
2022-08-09 - A 20% stake would let Warren Buffett’s Berkshire Hathaway report its proportionate share of Houston-based Occidental Petroleum’s earnings with operating results, through the so-called equity method of accounting.
BPX Amps Up Permian, Plans $1.7 Billion Spend in US this Year
2022-08-09 - BPX Energy President Jack Collins said the company is planning to power 95% of its Permian Basin operations with electricity this year and is drilling an exploratory well for its carbon capture business.
Cenovus Energy to Buy Remaining Stake in Ohio Refinery for $300 Million
2022-08-08 - Calgary, Alberta-based Cenovus Energy has owned 50% of the refinery since its combination with Husky Energy in 2021.