Joseph
Markman
Hart Energy
Enbridge’s Al Monaco to Retire; Greg Ebel Will Be New CEO
Enbridge President and CEO Al Monaco, who led the Canadian pipeline giant since 2012, will stay on in an advisory role after his retirement early next year.
Buffett’s Berkshire Hathaway Buys 5.99 Million More Occidental Shares
Following the purchases, Warren Buffett’s Berkshire Hathaway now owns about 194.4 million Occidental Petroleum shares worth approximately $11.9 billion, based on Occidental’s closing price of $61.41 on Sept. 28.
SilverBow ‘Poison Pill’ Attempts to Fend Off Possible Kimmeridge Takeover
Kimmeridge Energy, which spent more than $100 million to acquire SilverBow Resources stock, recently acquired another Eagle Ford E&P—Laredo Energy, an analyst said.
Hess Creditors Seek Dismissal of Virgin Islands Bankruptcy
Hess subsidiary HONX filed for Chapter 11 protection in Houston on April 29, saying it intended to take advantage of the “breathing spell” of a bankruptcy case to reach a fair and efficient resolution of asbestos claims against Hess.
Tellurian’s Bad Week at Driftwood LNG’s Expense
Tellurian Inc.’s decision to pull a $1 billion bond deal related to its Driftwood project will “jeopardize” initial LNG exports slated for early 2026 while the search for equity partners intensifies.
Magnolia Oil & Gas Appoints New CEO as Stephen Chazen Steps Down for Health Reasons
Effective immediately, Magnolia Oil & Gas on Sept. 21 named Christopher Stavros, the company’s CFO, as president and CEO. The company said Stephen Chazen will no longer be able to serve in his positions due to serious health reasons.
APA Corp. Doubles Dividend Alongside Significant Buybacks Increase
APA Corp.’s dividend boost represents annualized 2.4% dividend yield exceeding the current S&P 500 yield of roughly 1.7%, according to TPH analyst Jeoffrey Lambujon.
Devon Energy Names Barbara Baumann Chairman as Dave Hagar Retires
With the appointment of Barbara Baumann as board chairman, CEO Rick Muncrief said Devon Energy is continuing its governance tradition of separating the chair and CEO roles.
Shell Taps Renewables Boss Wael Sawan to Replace CEO Ben van Beurden
Wael Sawan, currently director of integrated gas, renewables and energy solutions, is expected to help continue Shell’s green transition strategy when he takes over as CEO from Ben van Beurden early next year.
Tullow Oil Sticks to Capricorn Merger Plans Despite Criticism
Capricorn’s board supports the merger, but the group also said last week it was exploring alternative deals after unnamed parties expressed interest.