National Oilwell Varco Changes Name to NOV Inc.
National Oilwell Varco Inc. revealed plans to change its corporate name to NOV Inc., effective January 1, 2021. The company’s ticker symbol, NOV, will remain unchanged.
Tumbleweed Midstream Spotlight: High on Helium
Durell Johnson, CEO of Tumbleweed Midstream, turned to an ‘old friend’ to carve out a successful niche in an otherwise dismal year for midstream.
Virtual DUG East: CNX Resources’ Nick Deluliis Talks M&A and ‘Reckonings’
While not addressing rumors of possible mergers involving CNX Resources, the industry veteran offered ‘hard truths’ on successful combinations in the Appalachian Basin during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.
EQT CEO Toby Rice Promotes Massive M&A in Appalachia
A year into remodeling EQT into an efficiency powerhouse, Toby Rice hangs out a “we buy Marcellus” placard with consolidation the goal.
E&P Exec Q&A: Schlumberger’s Hinda Gharbi Believes Shifting Industry Trends Have Accelerated
Efficiency, responsiveness, innovation and digitalization are among the factors that will shape the future of the oil and gas industry, according to Hinda Gharbi, EVP of service and equipment with Schlumberger.
Apollo-backed SPAC Looks to Raise $250 Million in IPO
A blank-check company backed by private equity firm Apollo Global Management Inc. is looking to raise $250 million in a U.S. IPO, the company said on Nov. 23.
Northeast Natural Energy Extends Credit Facility’s Maturity Date
Private oil and gas company Northeast Natural Energy has entered into an amendment on Nov. 23 with its senior lending group led by EIG Global Energy Partners to extend the maturity of its current credit facility to December 2023 and provide significant additional liquidity to the company to execute on its go-forward business plan.
Shale Producer Pioneer Natural to Reinstate CEO Pay after Pandemic-Fueled Cut
Shale producer Pioneer Natural Resources Co. said on Nov. 20 it would reinstate full salaries of its CEO and other executives in 2021, after cutting them earlier this year as the COVID-19 pandemic crushed oil prices.
Varel Energy Solutions Unveils Rebrand; Recommits to Innovation in Drilling, Downhole Solutions
Varel International Energy Services (Varel), a long-standing provider of drilling and downhole solutions, revealed its redefining vision on Nov. 16 for business growth supported by a fresh, new brand enabling a strong narrative around Varel’s people, approach and customer experience.
E&P Operator Spotlight: Goodrich Petroleum President and COO Details Company’s Plans
Confidence in gas prices and low service costs solidify Goodrich Petroleum’s 2021 operations in the Haynesville Shale.