The Latest

Public Capital

Houston-based VAALCO Energy Names New CEO in Strategy Shift

The VAALCO Energy board said it believes newly appointed George Maxwell’s track record of founding, building and selling a successful African energy company will help it achieve its strategy of enhancing its corporate presence in London.

April 15, 2021

Exploration & Production

Shell Plays Down Risk of Stranded Oil, Gas Reserves

Shell said in a document to investors summarizing its climate strategy that about 75% of its proved oil and gas reserves will be produced by 2030.

April 15, 2021

Public Capital

Woodside, Santos Investors Reject Oil and Gas Wind-up Resolution

Almost one-fifth of votes cast ahead of Woodside Petroleum’s annual meeting and 13% of votes of Santos were in favor of the resolution proposed by shareholder activist group pushing the company to get out of oil and gas.

April 15, 2021

Public Capital

Oasis Petroleum Names Former Anadarko Exec Danny Brown as CEO

The appointment of Daniel E. “Danny” Brown as CEO fills a role left vacant since last December when Oasis Petroleum Co-founder Thomas Nusz retired.

April 14, 2021

Exploration & Production

Bipartisan Senate Bill Would Direct Billions to Plugging Wells

Amount is nearly the level in President Biden’s infrastructure plan.

April 14, 2021

Deepwater

Top 12 Recent Gulf of Mexico Discoveries

April 2021:  Middle Miocene Well in Alaminos Canyon Block 857: 3,513 bbl of Oil, 2.21 MMcf of Gas per Day

April 14, 2021

Exploration & Production

Oil Production in US Gulf Projected to Increase over Next Two Years

The EIA expects 13 new projects could account for about 12% of total crude oil production in the U.S. Gulf of Mexico, or about 200,000 bbl/d, by the end of 2022.

April 14, 2021

Exploration & Production

Total Postpones South Africa Drilling Application, Consultancy Letter Says

The delay is a potential blow to South Africa as it seeks to reduce its reliance on coal and increase the use of natural gas and renewables.

April 14, 2021

Exploration & Production

US Appeals Court Affirms Arctic, Atlantic Leasing Bans

The 9th Circuit Court of Appeals said President Joe Biden’s reinstatement of Obama-era protections makes moot the previous administration’s attempts to allow oil development there.

April 14, 2021

Exploration & Production

Appalachia and the Race to Capitalize on Higher Henry Hub Prices

Who can access spare Appalachia takeaway? This analysis takes a look at how pipeline takeaway capacity will determine which companies can grow production and on which midstream systems.

April 14, 2021