Investors

NGI 2020: Visibility Poor for North American E&Ps as Wall Street Sours and Capital Markets Contract

Editor’s Note: This is one of a 14-piece series NGI undertook as the energy industry readied for the new year, with Lower 48 natural gas and oil supply continuing to surge in an uncertain environment as liquefied natural gas exports ramp up, Mexico markets remain shrouded and stakeholders demand more value. Get your complimentary copy of NGI’s 2020 Special Report today.

January 7, 2020

Bank Responds as Chesapeake Petitions Supreme Court Over Bond Dispute

The Bank of New York Mellon Corp. is asking the U.S. Supreme Court to again reject Chesapeake Energy Corp.’s efforts to avoid paying investors more than $400 million in a four-year-old bond dispute.

March 29, 2017

Study Finds $245B Upstream Oil/Gas Investments Likely to Continue as Prices Climb

Attracted by upside potential, myriad opportunities and sufficient funding, investors have poured into the upstream sector over the last decade, spending nearly $245 billion on exploration and production (E&P) transactions, according to a new study from analytics firm IHS Markit.

August 11, 2016

Briefs — BP, Jordan Cove Resolution, St. Charles Transportation Project

The U.S. Supreme Court has rejected a request by shareholders of BP plc to revive a class action lawsuit that asserted the oil major misrepresented safety procedures before the Macondo blowout in April 2010(Ludlow, et al. v BP plc, et al., No. 15-952). The high court affirmed a September 2015 decision by the U.S. Court Appeals for the Fifth Circuit in New Orleans, which refused to certify a petition filed by investors that bought shares up to 2.5 years before the tragic incident. BP had argued that the lawsuit should not proceed because the plaintiffs improperly were seeking damages for the entire decline in the share price as a result of the incident. The appeals court said some investors might have bought stock knowing the risks, and ruled that investors could sue BP individually. The appeals court also in the ruling allowed a lawsuit by investors to move forward concerning shares that were bought after the incident.

May 2, 2016

Briefs — BP, Jordan Cove Resolution, St. Charles Transportation Project

The U.S. Supreme Court has rejected a request by shareholders of BP plc to revive a class action lawsuit that asserted the oil major misrepresented safety procedures before the Macondo blowout in April 2010(Ludlow, et al. v BP plc, et al., No. 15-952). The high court affirmed a September 2015 decision by the U.S. Court Appeals for the Fifth Circuit in New Orleans, which refused to certify a petition filed by investors that bought shares up to 2.5 years before the tragic incident. BP had argued that the lawsuit should not proceed because the plaintiffs improperly were seeking damages for the entire decline in the share price as a result of the incident. The appeals court said some investors might have bought stock knowing the risks, and ruled that investors could sue BP individually. The appeals court also in the ruling allowed a lawsuit by investors to move forward concerning shares that were bought after the incident.

May 2, 2016

Shell Juggling Short-Term Investor Expectations, Long-Term Projects

Royal Dutch Shell plc’s investors may pay the most attention to quarterly results, but even disappointments can’t distract management from long-term projects to enrich the natural gas and oil portfolio, according to CFO Simon Henry.

December 9, 2015

Oil/Gas Downturn Rattling Confidence in Midstream MLP Sector

After four years of shattering records, raising tens of billions of dollars in public offerings and helping to fuel an energy infrastructure boom, midstream master limited partnerships (MLP) are losing favor with investors concerned about the commodities downturn and the risk it’s presenting for the space.

October 21, 2015

Senate Democrats Urge SEC to Impose More Transparency About Possible Offshore Drilling Threats

Twelve Senate Democrats on Tuesday called on the Securities and Exchange Commission (SEC) to require more transparency from exploration and production companies concerning “real and potential threats” that offshore oil and natural gas drilling poses.

August 18, 2015

With Energy Reforms, ‘Mexico Is Back,’ Says Former President

The management and governance of Mexico national oil company Petroleos Mexicanos (Pemex) is going to “change dramatically” as a new era of transparency and accountability is ushered in by reforms adopted late last year to open the company’s energy sector to outside investment, former Mexican president Vincente Fox said during a conference call Tuesday.

February 25, 2014

Farm-Out Considered a Can’t Lose Deal for Dominion

Dominion Resources Inc. is well into the process to secure a partner to farm-out about 100,000 prospective liquids-rich acres in West Virginia, offering a can’t-lose proposition for both sides, a spokesman said Monday.

September 17, 2013
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