Jennifer
Pallanich
Hart Energy
Flame Acquisition Holders Approve Merger with Sable Offshore
The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp.
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
SolarEdge to Restructure, Reduce Workforce
SolarEdge’s plans to restructure the company and cut 16% of its global workforce are in response to “current market dynamics.”
Covia Holdings to Separate Energy, Industrial Businesses
Covia Energy will be a leading pure-play sand company serving the energy industry, providing proppant and logistical solutions to E&Ps and oilfield service companies in major basins across North America.
NOV Announces Retirements, Reorganization of Operational Segments
NOV inc. stated it will be consolidating its reporting structure to drive operational and financial efficiencies into two segments: energy equipment and energy products and services.
The Aftermath of Oil and Gas M&A: Integration with Less Mess
The current wave of oil and gas consolidation exposes the supply chain and operational inefficiencies that stand in the way of achieving maximum ROI in both the short and long term.
McDermott International Restructures, Gets Capital Infusion
McDermott International Ltd. reached an agreement with 75% of its lenders and equity holders and received $250 million in new capital that will allow it to operate and complete existing projects.
Cost-Cutting Essential Energy Services Deletes Controller Position
Essential Energy Services CFO Jeff Newman was named senior vice president, with Laura Ingram, controller, taking over the CFO position.
Civitas Resources Appoints Hodge Walker as COO
Walker most recently served as vice president of Chevron Corp.’s Rockies Business Unit, a position he held since October 2020, following Chevron’s $13 billion acquisition of Noble Energy Inc.
Battalion Oil Names Steele New CEO
Matt Steele was most recently the CEO of Bruin E&P Partners, a Bakken-focused E&P. During the past decade, he also served as CEO of Ursa Resources and Bruin E&P.