Targa Resources Corp. Provides Details on Planned Succession and Management Transition
Targa Resources Corp. Provides Details on Planned Succession and Management Transition
Permian Producers May Need to Spend More or Consider Mergers
From The Houston Chronicle As the sweet spots of the booming Permian Basin are drilled, oil companies will need to either spend more money or consider mergers and acquisitions to keep up their crude production volumes, according to the energy research firm Wood Mackenzie. The conundrum is that Wall Street is punishing the stocks of public energy companies that increase
ISS Backs Icahn’s Call for More Shareholder Say After Anadarko Deal
From Reuters Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum Corp shareholders to ask management to let them weigh in on board and governance issues as the company buys rival Anadarko Petroleum Corp.. The request comes one week after the takeover deal’s biggest critic, billionaire investor Carl Icahn, laid out plans to shake up Occidental’s board. ISS
Job Cuts Expected at NOV Amid Ongoing Oil & Gas Industry Slump
From The Houston Chronicle Job cuts are expected at Houston oilfield service company National Oilwell Varco following the implementation of a company restructuring plan created in response to an ongoing industry slump in the U.S. shale basins. The drilling and oil well completion service company has started trimming its workforce by offering voluntary early retirement to eligible employees, the news
Old Habits Die Hard: Saudi Arabia Struggles to End Oil Addiction
From Reuters When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded a company jet in Paris and flew to New Delhi. Chief executive Amin Nasser arrived unannounced early on April 11, 2018, finalised the agreement and signed it later that day. Negotiators had just
Total Plans $5 Billion of Asset Sales to Future-Proof Business
From Reuters French energy giant Total (TOTF.PA) will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on Thursday. The announcement followed a 19% drop in second-quarter adjusted net profit to $2.9 billion, which it attributed to unfavorable market factors
Cenovus substantially achieves $7 billion near-term net debt target
Cenovus substantially achieves $7 billion near-term net debt target
Grace Reports Second Quarter 2019 Results; Revises Full-Year Outlook
Grace Reports Second Quarter 2019 Results; Revises Full-Year Outlook
Sprague Resources LP Announces Cash Distribution for the Second Quarter of 2019 and Earnings Conference Call Schedule
Sprague Resources LP Announces Cash Distribution for the Second Quarter of 2019 and Earnings Conference Call Schedule …
Precision Drilling Corporation announces 2019 Second Quarter Unaudited Financial Results
Precision Drilling Corporation announces 2019 Second Quarter Unaudited Financial Results
Air Products Reports Very Strong Fiscal 2019 Third Quarter Results
Air Products Reports Very Strong Fiscal 2019 Third Quarter Results
