Belcher: How the Big Bill Impacts Oil and Gas
A smoother permitting process, incentives to drill and regulatory reform should aid the industry.
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Policy & Regulations
Scott Sheffield Bashes Exxon Mobil After FTC Clears Him
Former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy, “For now, I remain one of Exxon’s largest individual shareholders and as such will consider other options.”
Transactions
Chevron Closes $53B Hess Deal, Adding Guyana, Bakken to Portfolio
Chevron closed its long-awaited acquisition of Hess Corp., adding new positions offshore Guyana and in the Bakken.
Acquisitions & Divestitures
BP to Sell US Onshore Wind Business to LS Power
The sale of BP’s U.S. onshore wind assets, which have a total generating capacity of 1.3 gigawatts, comes as part of BP’s $20 billion divestment program.
Transactions
Hess Wins Guyana Arbitration, Clearing Path for Chevron Deal
Hess prevailed in international arbitration against Exxon Mobil, clearing a path to close its $53 billion sale to Chevron. The international case focused on Hess’ ownership stake in Guyana’s Stabroek field.
People
FTC Nixes Orders Banning Hess, Sheffield from Chevron, Exxon Boards
The FTC voted 3-0 to set aside orders barring oil veterans John Hess and Scott Sheffield from serving on the Chevron and Exxon boards, respectively.
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Oil and Gas Investor Magazine
Harold Hamm is Still Wildcatting After All These Years
As the founder and chairman of Continental Resources reflects on 25 years of Bakken horizontal development, Harold Hamm urges his fellow U.S. producers to “never quit exploring.”