Pietro D
Pitts
Hart Energy
Ithaca Energy’s London IPO Priced at Bottom of Range
The planned IPO of Ithaca—owned by Tel Aviv-listed Delek Group—on the London Stock Exchange on Nov. 9 has been closely watched in an IPO market starved of activity since Russia’s invasion of Ukraine.
Enerplus to Focus on US Shale Following Canadian Divestiture
Enerplus agreed to sell its remaining Canadian assets located in Alberta and Saskatchewan to Surge Energy for total consideration of CA$245 million (US$180 million).
TotalEnergies Leads Shell, BP in Renewables Race, but Shares Sag [GRAPHIC]
Despite the growing focus on the climate, investors remain cautious for now, with shares of the three European giants trailing their oil and gas-focused U.S. rivals Exxon Mobil Corp. and Chevron Corp. so far this year.
Berkshire Hathaway Could Boost Earnings after Occidental Accounting Change
In its quarterly report on Nov. 5, Warren Buffett’s Berkshire Hathaway said it adopted the equity method of accounting for its 20.9% stake in Occidental Petroleum, which is worth more than $14 billion.
SLB Boosts Shareholder Returns amid Bullish Oil Market Outlook
Although annual revenues have fallen every year since 2019, SLB should see revenue increase this year from last year’s levels and is targeting a 15% compound average revenue growth rate through 2025 from 2021 levels, officials said.
EOG, Coterra Join Oil Profit Bonanza, Boosts Investor Returns
A rally in energy prices has helped EOG Resources raise its quarterly dividend by 10% and declare a special dividend. Meanwhile, Coterra Energy pledged to return nearly a third of its free cash flow to shareholders.
Suncor Unveils Steps to Improve Oil Sands Safety after Fatalities
Interim CEO Kris Smith promised to improve Suncor's poor safety and operational record when he took over following former CEO Mark Little’s resignation in July.
Permian Takeover: Multinationals in the Permian Basin
Companies with global influence and interests control more than half the acreage in the Permian Basin. Here is a rundown of the major player’s operations in the Permian including acreage, production and near-term plans.
BP Joins Rivals with Bumper $8.2 Billion Profit
BP said it expects to pay around $2.5 billion in taxes for its British North Sea business this year, including $800 million in a windfall tax.
ConocoPhillips C-Suite Chat: Listening to Ryan Lance
Ryan Lance, E&P leader at the helm of ConocoPhillips Co., has worked with peers and governments throughout the world. On the energy future, he says, “It’s really going to take ‘all the above.’”