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Strive Asset Management exceeds half a billion in AUM, 3 months after launch

Strive Asset Management exceeds half a billion in AUM, 3 months after launch

Oil and Gas 360


COLUMBUS, Ohio-November 15, 2022 01:00 PM Eastern Standard Time–(BUSINESS WIRE)–Strive Asset Management announced its total assets under management surpassed $500 million on November 11, 2022, three months after the launch of its first

Source: Reuters

Senators warn law firms about ‘collusive’ ESG initiatives

World Oil


(WO) – Five U.S. Senators have sent letters to 51 law firms detailing the possible antitrust violations that their clients may commit if they pursue collusive Environmental, Social, and Governance (ESG) initiatives.

 

The letter, signed by Marsha …

Source: World Oil

Shale patch unemployment plummets as US explorers vie for crews

World Oil


(Bloomberg) – Unemployment in the US oil industry plummeted to one of the lowest levels on record as shale explorers scramble for workers to keep production flowing.

 

The jobless rate fell to 0.8% in October from 2.5%

Empire Petroleum expands executive management team

Empire Petroleum expands executive management team

Oil and Gas 360


TULSA, Okla. – Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced that J. Kevin Vann has joined Empire as an executive officer in the newly created position of Vice President, Finance and Strategic …

Source: Oil Price

Oil industry execs lash out at botched energy transition

Oil Price


Until recently, the idea of a Fortune 500 company boss criticizing the energy transition would have been considered eccentric, to put it mildly. Now, two Fortune 500 bosses have slammed the transition inside a single week. JP Morgan’s …

Source: Reuters

Continental Resources announces definitive agreement to be acquired by the Hamm family

Oil and Gas 360


OKLAHOMA CITYOct. 17, 2022 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Omega Acquisition, Inc., an …

Source: Reuters

Jamie Dimon says oil and gas is the only way to protect America

Oil Price


Three days after Jamie Dimon sparked a marketwide selloff which sent stocks to fresh 2022 lows after he predicted a US recession in “6 to 9” months, citing drivers including rising interest rates, persistent inflation and Russia’s invasion …

October 14, 2022 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, People
Baytex to appoint Eric Greager as President and CEO

Baytex to appoint Eric Greager as President and CEO

Oil and Gas 360


CALGARY, ALBERTA (October 11, 2022) – Baytex Energy Corp. (TSX: BTE) today announced that Eric Greager is to be appointed President and Chief Executive Officer and a member of the Board of Directors. Mr. Greager is …

Source: Reuters

REUTERS IMPACT Billionaire Ibrahim decries double standard in West seeking gas from Africa

Reuters


Sudanese-British billionaire businessman Mo Ibrahim accused developed countries of hypocrisy in warning Africans against developing natural gas reserves while also eyeing such investments in response to the energy crisis in Europe.

 

Speaking at the Reuters IMPACT climate conference …

Source: Reuters

Enbridge announces Al Monaco’s retirement; names Greg Ebel as President and CEO

BOE Report


CALGARY, AB, Oct. 3, 2022 /PRNewswire/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced Al Monaco’s retirement as President and Chief Executive Officer and from its Board of Directors …

Source: Bloomberg

Biden calls on oil companies to reduce their prices

World Oil


(Bloomberg) — While U.S. gasoline prices have come down from the highs seen this summer, they’re clearly still weighing on President Joe Biden, who on Monday repeated demands for oil companies to charge less.

“Last month, the price …

Source: Houston Business Journal

Magnolia Oil & Gas Corporation mourns the passing of former Chairman, President and Chief Executive Officer Stephen Chazen

Oil and Gas 360


HOUSTON–September 23, 2022–(BUSINESS WIRE)–It is with great sadness that Magnolia Oil & Gas Corporation (“Magnolia” or the “Company”) (NYSE: MGY) mourns the passing of former Chairman, President and Chief Executive Officer, Stephen Chazen.

 

Source: Fox Business

Energy CEO hits at ‘energy ignorance’ driving current policy: ‘Little hope of ending the crisis anytime soon’

Fox Business


The ongoing energy crisis was preceded by a decade of red flags that went mostly ignored and global plans to transition from conventional energy sources to renewable options failed to address key issues, according to a chief executive …

Source: Houston Business Journal

Magnolia Oil & Gas Corporation appoints Christopher Stavros as President and Chief Executive Officer and to the Board of Directors


HOUSTON–(BUSINESS WIRE)–Magnolia Oil & Gas Corporation (“Magnolia” or the “Company”) (NYSE: MGY) today announced that Christopher Stavros, the Company’s current Executive Vice President and Chief Financial Officer, has been named President and
Source: Reuters

Kinetik and WaterBridge to join the Permian Strategic Partnership

World Oil


The Permian Strategic Partnership (PSP) announced today the addition of two new companies, Kinetik and WaterBridge Resources, bringing its member company count to 19.

 

“We are thrilled to welcome Kinetik, WaterBridge and their respective board members …

September 16, 2022 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Bloomberg

Manchin enlisting oil CEOs to get GOP support for permitting bill

World Oil


(Bloomberg) — Democratic Senator Joe Manchin is enlisting the help of energy-industry executives to marshal Republican support for his plan to speed up the process of getting federal approvals for energy projects, according to people familiar with the …

Source: World Oil

Shell CEO stepping down after four decades, replaced by gas chief Sawan

World Oil


(Bloomberg) — Shell Plc Chief Executive Officer Ben van Beurden will step down at the end of this year after almost 40 years at the company, to be replaced by the firm’s head of gas and renewables, Wael …

Source: World Oil

Young shale CEOs eye output boost in oil patch struggling to grow

World Oil


(Bloomberg) — Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources Corp. planning a 10% increase …

Source: Bloomberg

Biden’s freeze on oil, gas leases on public land temporarily reinstated

World Oil


(Bloomberg) ­— President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a U.S. appeals court found a trial judge’s order against the moratorium too vague to review.

The court …

Source: Continental Resources

Doug Lawler promoted to President & COO at Continental Resources

Oil and Gas 360


OKLAHOMA CITYAug. 18, 2022 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) today announced Doug Lawler is being promoted to President and Chief Operating Officer.

 

Doug joined Continental in February as Chief …

Source: Reuters

Chevron announces leadership changes

Oil and Gas 360


SAN RAMON, Calif. – Chevron Corporation (NYSE: CVX) today announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign …

Source: World Oil

Biggest private oil producer in the U.S. not for sale after founder’s death

World Oil


(Bloomberg) — Mewbourne Oil Co., the largest private oil producer in the U.S., said it will remain in the hands of its controlling family after the recent death of its eponymous founder.

Curtis Mewbourne, who started the company …

Source: World Oil

API releases video urging Biden to tour American energy sites

World Oil


WASHINGTON – As President Biden prepares to meet with Saudi officials on Friday, the American Petroleum Institute (API) released a new video once again inviting the president to visit American energy sites and support the American producers who …

July 14, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Jobs, People
Source: World Oil

Suncor Energy replacing CEO after oil sands mine fatality

World Oil


(Bloomberg) — Suncor Energy Inc.’s chief executive officer stepped down on Friday after a series of fatalities at the company’s oil sands sites shook confidence in its management.

Mark Little agreed to leave as president and CEO and …

Source: CNBC

OPEC Secretary-General Mohammad Barkindo dies at age 63

CNBC


Mohammad Barkindo, a Nigerian politician and secretary-general of oil producer group OPEC, died at the age of 63, just days before he was set to finish his term at the organization.

 

The head of Nigeria’s National Petroleum Corp., …

Source: World Oil

Texas oil and gas regulatory chairman applauds Supreme Court’s rollback of EPA overreach

World Oil


AUSTIN – The U.S. Supreme Court’s decision on the Environmental Protection Agency’s (EPA) federal overreach with the Clean Air Act is a win for good government, American energy producers and for hardworking taxpayers who simply need cheap, plentiful …

Exxon Mobil CEO cautions against an abrupt energy transition, warning underinvestment leads to high gas prices

Exxon Mobil CEO cautions against an abrupt energy transition, warning underinvestment leads to high gas prices

CNBC


Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.”

 

The national average price for a gallon of gasoline is currently nearly $5, causing strife for …

June 27, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: World Oil

U.S. energy industry invites Biden to visit American energy sites ahead of trip to Saudi Arabia

World Oil


WASHINGTON (API) – Ahead of the President’s travel to the Middle East next month, the American Petroleum Institute (API) joined with 28 energy associations to urge President Biden and his Cabinet to visit America’s major energy facilities – …

Source: World Oil

Energy Workforce finds gains in sector’s minority, women employment gains, encourages continuation

World Oil


The Energy Workforce & Technology Council released its latest Workforce Diversity toolkit based on updated data.

Research shows companies with a higher percentage of women in executive positions have a 34% higher total return to shareholders than those …

June 24, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, ESG, People
Source: Chevron

A letter to President Biden from Chevron CEO Mike Wirth

Chevron


Dear Mr. President:

Thank you for your letter dated June 14, 2022. As industry leaders, academic experts and numerous policy makers have pointed out, there are no easy fixes nor any short-term answers to the global supply and demand …