Pietro D
Pitts
Hart Energy
ConocoPhillips Approved to Enforce $8.5 Billion Venezuela Award
A U.S. federal judge recently gave approval to ConocoPhillips to enforce a multibillion-dollar arbitral award against Venezuela for assets expropriated during the government of late Venezuelan President Hugo Chavez.
Warren Buffett Gets FERC OK to Buy Half of Occidental’s shares
Warren Buffett’s Berkshire Hathaway has acquired about 20% of Houston-based Occidental Petroleum’s shares this year already.
Piper Sandler Adds OFS Analyst Luke Lemoine as Managing Director
Luke Lemoine joins Piper Sandler from Capital One Securities where he worked as a managing director for 17 years covering the oilfield services sector in equity research.
Denbury Reportedly Explores Options Including Possible Sale
Investors are not paying anywhere near the full value of Denbury’s carbon capture business, MKM Partners analyst Leo Mariani wrote in a note. He added that the company still has hidden value in its CO₂ pipelines.
Brigham Minerals Steps Up Permian Ground Game While Mum on Possible Sale
Brigham Minerals partially redeployed the proceeds from a divestiture in the Anadarko Basin during the second quarter into debt reduction and its acquisition ground game in the Permian Basin.
Grey Rock Forms Partnership with Conduit Power to Pursue Electrification Strategy
To help stabilize the fluctuating cost of electrifying industrial activities, Grey Rock is investing $100 million in Conduit Power and its electrification services.
Capricorn Should Ditch Tullow Merger Deal, Investor Says
“The proposed merger appears to us to be a poorly disguised nil-premium takeover of Capricorn by Tullow,” said the letter which was dated Aug. 9 and signed by Palliser Capital (UK) Chief Investment Officer James Smith.
Berkshire Hathaway Boosts Occidental Petroleum Stake above 20%
A 20% stake would let Warren Buffett’s Berkshire Hathaway report its proportionate share of Houston-based Occidental Petroleum’s earnings with operating results, through the so-called equity method of accounting.
Berkshire CEO-designate Sells Stake in Energy Company He Led for $870 Million
In its quarterly report, Berkshire Hathaway said the energy unit bought out Vice Chairman Greg Abel in June under an agreement among them and the family of the late billionaire philanthropist Walter Scott, which owns an 8% stake.
APA Aims to Reward Shareholders Over 50% of Free Cash Flow by Year-end
APA Corp. eyes returning at least $1.8 billion of its capital to shareholders through dividends and share buybacks by year-end while also lowering its production guidance for 2022 by 2%.