Post Tagged with: "Goldman Sachs"

Source: Boor Drilling

Borr Drilling Goes Public

By Tyler Losier, Energy Reporter, Oil & Gas 360

Borr Drilling Limited launches IPO of five million common shares
Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has launched an initial public offering (IPO) in the

Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says

Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says

From CNBC


Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs.

Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas …

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

From Bloomberg


Company executing new ‘playbook’ to deal with customer changes, shale producers are trimming spending amid investor pressure

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North …

Source: Intervale Capital

New Principal at Intervale Capital

By Tyler Losier, Energy Reporter, Oil & Gas 360

Patrick Conroy promoted to principal
Intervale Capital, a private equity firm dealing mainly in the energy industry and the infrastructure products and services sector, has promoted Patrick Conroy to principal, effective

Source: Canadian Natural Resources

Devon Energy Sells Canada for $2.8 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Devon looks to focus on oil-based growth in U.S., departs Canada
Canadian Natural Resources Limited (stock ticker: CNQ) inked a deal this Wednesday to acquire Devon Energy Corp.’s (stock ticker: DVN)

China – Growth Steady as She Goes: Goldman Sachs

China – Growth Steady as She Goes: Goldman Sachs

Broad support, targeted tightening and effective capital controls will help manage trade headwinds

From Asia Times

Goldman Sachs Asia-Pacific economist Andrew Tilton sees only a modest decline in China’s economic growth during the next year.

“Chinese policy combines broad support …

October 30, 2018 - 5:05 am China, Closing Bell Story‎
Goldman Announces CEO

Goldman Announces CEO

From Bloomberg

It’s official at long last: David Solomon will inherit the crown from Lloyd Blankfein at Goldman Sachs Group Inc.

The news, announced Tuesday — after more than a year of jockeying, choreography and speculation — fully and finally …

July 17, 2018 - 1:41 pm Closing Bell Story‎, Energy News, People
Schwartz to Retire, Likely Next Goldman CEO Now Clear

Schwartz to Retire, Likely Next Goldman CEO Now Clear

From The New York Times

The most closely watched contest on Wall Street appears to have been settled.

Goldman Sachs Group said on Monday that Harvey M. Schwartz would retire, likely clearing the way for his fellow president and co-chief …

March 13, 2018 - 12:16 pm Closing Bell Story‎, Finance
Permian Takeaway: PE Making Moves

Permian Takeaway: PE Making Moves

Lucid Energy Group and EnCap Flatrock Midstream have agreed to sell Lucid Energy Group II, LLC to funds owned by Riverstone Holdings LLC and the Goldman Sachs Group Inc. (ticker: GS) for approximately $1.6 billion.

The participating investment funds managed …

OPEC-Non-OPEC Cuts May Clear Oil Inventory Sooner, Allowing an Early Exit from Cuts: Goldman Sachs

OPEC-Non-OPEC Cuts May Clear Oil Inventory Sooner, Allowing an Early Exit from Cuts: Goldman Sachs

From Bloomberg/Arabian Business

According to Goldman, the market will have re-balanced by mid-2018

OPEC’s desire to clear the global oil inventory overhang may come sooner than expected, enabling the group to exit from its production cuts early, according to Goldman …

December 20, 2017 - 8:42 am Closing Bell Story‎, Energy News
Banks Increasing Loan Loss Reserves as Exposure to Low Oil Prices Spreads

Banks Increasing Loan Loss Reserves as Exposure to Low Oil Prices Spreads

JP Morgan Chase & Co. increases oil and gas loan loss reserves by 61%

JP Morgan Chase & Co. plans to increase its reserves to cover potential oil and gas loan losses by 61% this quarter, reports Reuters. The …

February 23, 2016 - 4:32 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles
Crude Oil Prices About to Head South, Says Goldman Sachs

Crude Oil Prices About to Head South, Says Goldman Sachs

Crude oil prices are trending along six month highs, prompting relief and optimism for the weary oil and gas industry. West Texas Intermediate seems to have stabilized around $60 for the time being, but not till after rig counts plunged …

May 22, 2015 - 1:09 pm Commodity Pricing, Finance, Oil and Gas 360 Articles
Oil Prices Could Fall Again – Goldman Sachs

Oil Prices Could Fall Again – Goldman Sachs

Goldman Sachs estimates near-term WTI prices could fall to $40 per barrel

Oil prices could give back gains seen over the past few weeks, falling as low as $40 per barrel, according to Goldman Sachs. West Texas Intermediate (WTI) oil …

March 9, 2015 - 5:07 pm Commodity Pricing, Oil and Gas 360 Articles