Sandy
Segrist
Hart Energy
Zachry Proposes Settlement Agreement to End Golden Pass LNG Standoff
Zachry, an engineering contractor for the Golden Pass LNG project, submitted a settlement agreement in bankruptcy court that would allow Exxon Mobil and QatarEnergy to move forward with the delayed project.
Talos Ups Buybacks, Pays Down Debt Post $1.29B QuarterNorth Deal
Talos Energy said it repaid $325 million in debt since closing its $1.29 billion cash-and-stock acquisition of E&P QuarterNorth in March.
Equinor Subsidiary Contracts Valaris Drillship Offshore Brazil
Valaris and Equinor Energy do Brasil’s multi-year contract is valued at approximately $498 million.
Pemex Targets Debt Declining Below $100 Billion This Summer
Mexico’s state-owned Pemex, the world’s most indebted company, is targeting a total debt below the $100 billion mark this summer—the first time in 10 years that the company’s debt would be below that level.
Offshore, Middle East Buoys SLB’s 2Q as US Land Revenue Falls
Driven by a strong offshore market and bolstered by strategic acquisitions and digital innovation, SLB saw a robust second quarter offset by lower drilling revenue in the U.S.
Halliburton Sees NAM Activity Rebound in ‘25 After M&A Dust Settles
Halliburton said a softer North American market was affected by E&Ps integrating assets from recent M&A as the company continues to see international markets boosting the company’s bottom line.
ISS, Glass Lewis Push Crescent, SilverBow Shareholders to Vote for Merger
Proxy Advisory firms Institutional Shareholder Services and Glass Lewis also recommend that Crescent Energy shareholders vote for the approval of the issuance of shares on Crescent Class A common stock.
Dividends Declared in the Week of July 15
Here is a selection of dividends declared in the week of July 15 for upstream, midstream and service and supply companies.
Despite 2Q Earnings Miss, Kinder Morgan Plans Gas Capacity Growth
Kinder Morgan's second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.
Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024
Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.