Velda
Addison
Hart Energy
Fervo Energy Adds $255 Million in Funding for Geothermal Projects
Fervo Energy secured $135 million in funding from Capricorn Investment and a $120 million letter of credit from Mercuria.
EY: Three Themes That Will Drive Transformational M&A in 2025
Prices, consolidation and financial firepower will push deals forward, says EY.
Reliance Exercises Four-Well Option on Transocean Rig
Transocean Ltd. says the 270-day program will contribute about $111 million in backlog.
Oil States Closes $24.8MM Ship Channel Sale
Oil States International Inc. said proceeds from the “previously idled” Houston Ship Channel facility’s sale will be used toward debt reduction.
Exxon Mobil Targets $2B More Earnings from Low Carbon Solutions
Exxon Mobil executives say the pace of growth for areas such as CCS, hydrogen and lithium vary due to uncertainty.
Natron Energy Appoints New CEO
Sodium ion battery technology company Natron Energy has appointed Wendell Brooks as the company’s new CEO to lead growth initiatives in 2025.
NOV Appoints Former Denbury CEO Chris Kendall to Board
NOV Inc. appointed former Denbury CEO Chris Kendall to its board, which has expanded to 11 directors.
Utica’s Encino Adds Former Marathon Director to Board
Brent J. Smolik, who most recently served on Marathon Oil’s board until its merger with ConocoPhillips, will join Encino Acquisition Partners as a director.
PHX Minerals Explores Sale After Rejecting Acquisition Bids
PHX Minerals hired bankers to explore a potential merger or sale of the firm, which manages assets across the Midcontinent and Haynesville Shale play. PHX has rejected multiple unsolicited acquisition bids in the past two years.
Dividends Declared the Week of Dec. 9
Here is a compilation of dividends declared from select upstream, midstream and service and supply companies during the week of Dec. 9.