Carolyn Davis joined the editorial staff of Intelligence Press Inc. in Houston in May, 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.
Archive / Author
SubscribeCarolyn Davis
Articles from Carolyn Davis
ExxonMobil Says Activist Shareholders’ ‘Extreme Agenda’ Designed to Diminish Existing Operations
ExxonMobil is seeking to prevent some investors from using what it called a “Goldilocks Trojan Horse” strategy to diminish existing business operations. In a lawsuit filed earlier in January, the integrated major requested judicial relief to exclude a shareholder proposal by Arjuna Capital and Follow This. The lawsuit was filed in the U.S. District Court…
January 31, 2024
U.S. E&Ps Setting Cautious Course on Uncertain Natural Gas, Oil Prices
Natural gas and oil executives are likely to “prudently navigate” through turbulent commodity prices this year before sailing into smoother seas heading into 2025, according to industry analysts. Exploration and production (E&P) companies in their quarterly conference calls, which are already underway, should be “guiding conservatively” in 2024, “particularly on the natural gas side,” Tudor,…
January 30, 2024
Halliburton, Liberty See U.S. E&Ps Jumping on E-Fleet Avenue as Natural Gas Use Rises
U.S. exploration companies have expressed uncertainty about the direction of the energy markets this year, but one thing they are sure about is natural gas-powered pressure pumping fleets, which should support “durable, multi-year” opportunities, top oilfield executives said. Halliburton Co., one of the world’s largest oilfield services (OFS) companies, and Liberty Energy Inc., the No.…
January 25, 2024
Baker Hughes Forecasting LNG FIDs Slowing, but Overall Massive Pipeline to 2030
The world is on track to achieve 800 million metric tons/year (mmty) of LNG capacity by 2030, with Baker Hughes Co. expecting to grab a major slice of the market, executives said Wednesday. CEO Lorenzo Simonelli, joined by CFO Nancy Buese, discussed the Houston-based oilfield service giant’s latest quarterly results and the outlook during a…
January 24, 2024
New Energy Transition Mantra: Keep the Natural Gas, Cut the Emissions
Natural gas consumption is forecast to expand for years to come, but the energy industry is embracing ways to reduce the methane and carbon dioxide (CO2) emissions from their production. In the United States, publicly held exploration and production (E&P) companies have taken up the mantle, spurred on by shareholder pressures and government incentives. The…
January 22, 2024
SLB Forecasting ‘Durable’ Natural Gas, Oil Activity, with Growth Offshore, Overseas
Exploration and production companies are investing billions to expand their natural gas and oil development in the global offshore, including the U.S. Gulf of Mexico, as Lower 48 activity flattens, SLB Ltd. CEO Olivier Le Peuch said Friday. During the fourth quarter conference call with analysts, Le Peuch said, “the characteristics of breadth, resilience and…
January 19, 2024
Talos Expanding Deepwater GOM Holdings with $1.29B Takeover of QuarterNorth
Houston-based Talos Energy Inc. is snapping up QuarterNorth Energy Inc., a privately held U.S. deepwater explorer in the Gulf of Mexico (GOM), as it doubles down to expand its “operational breadth and production profile,” CEO Timothy Duncan said. The $1.29 billion cash-and-stock definitive agreement, announced on Monday, would increase Talos output for 2024 by about…
January 16, 2024
North American Upstream Capex Inching Up, with Discipline and Shareholders Still Top Priorities
Natural gas and oil explorers worldwide are predicted to spend 5% more overall this year for upstream activity, with North American budgets rising for the third consecutive year. While upstream capital expenditures (capex) by global exploration and production (E&P) companies will climb, it’s predicted to sharply decelerate from the double-digit gains in 2023, according to…
January 16, 2024
Chesapeake, Southwestern Merger Signals ‘Emerging Confidence’ in Natural Gas Prices
Merging the Lower 48 portfolios of Chesapeake Energy Corp. and Southwestern Energy Co. is set to create the largest natural gas pure-play in the United States, becoming a “must-own” company with the resources to redefine the global energy reach of independent producers. The $7.4 billion combination announced on Thursday was expected, as the tie-up has…
January 12, 2024
Chesapeake, Southwestern Tie-Up to Create No. 1 U.S. Natural Gas Producer, with LNG Trading to Expand
Chesapeake Energy Corp. and Southwestern Energy Co., longtime rivals for control in the Lower 48 natural gas patch, agreed to merge Thursday in a combination valued at $7.4 billion, bringing together their estimable resources in Appalachia and the Haynesville Shale. Total natural gas production, which comprises 92% of the combined output, was 7.9 Bcfe/d net…
January 11, 2024