QatarEnergy, Exxon Seek to Remove Contractor from Texas Gas Project
Golden Pass LNG, a joint venture between QatarEnergy and Exxon Mobil, asked a U.S. bankruptcy court late on Tuesday to sever Zachry Industrial's $5.8-billion contract within five days, or allow it to take possession and control of the facility, which is about 75% complete.
Pinnacle West Declares Quarterly Dividend
Pinnacle West Capital Corp.’s dividend is payable on Sept. 3 to shareholders of record as of the close of business on Aug. 1.
Ali Azad joins Quaise Energy as Independent Board Director
Azad has more than 40 years of experience in executive leadership and high-tech power project deployments.
Berkshire Hathaway Boosts stake in Occidental Petroleum to Nearly 29%
Warren Buffett's Berkshire Hathaway Inc. acquired another 2.95 million shares in Occidental Petroleum.
PE Firm Pearl to Monetize $355MM in Permian Resources Shares
Since forming through a merger in 2022, Permian Resources has reduced its stock ownership by a group of private equity backers from over 50% of the company’s outstanding shares to 16% today.
Crestwood’s Wannarka Joins EnergyNet as CFO, COO
Wannarka brings public-equity finance, investment banking and investor relations experience to the upstream A&D brokerage.
Plains All American Prices Public Offering of $650MM Senior Notes
Plains All American Pipeline plans to use approximately $643.3 million of the net proceeds from the offer to repay a portion of the $750 million outstanding principal amount of its 3.6% senior notes due 2024.
China Not Continuing Mega Oil-backed Loans to Latin America
China, which lent around US$120 billion to Latin America and the Caribbean between 2005-2023, isn’t expected to resume the mega oil-backing loans of yesteryear as the focus turns to debt negotiations.
Cheniere Increases Share Repurchase Budget by $4B Through 2027
Cheniere will also increase its quarterly dividend by approximately 15% to $2 per share annualized.
Permian Surface-owner LandBridge to Raise up to $367MM in IPO
Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin.