Sunday, May 18, 2025

Facing Losses, Energy Funds Ask Investors for More Time, Money

From the Wall Street Journal Woes of private-equity investments are being felt by pensions and other institutional investors Rocked by the fall in oil-and-gas prices, some energy-focused private-equity funds are pleading with their investors for more time and money. EnerVest Ltd., a Houston-based investment firm that says it operates more U.S. oil-and-gas wells than any other company, is asking investors

Genel Chairman Tony Hayward to Step Down Next Year: Reuters

From Reuters/Fox Business LONDON –  Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan, three sources close to the company said. Today, Genel is struggling with a drop in oil prices, regional conflict and a