Saturday, January 18, 2025
ANALYSIS-Private U.S. energy producers tap niche funding as bank lines dry up- oil and gas 360

ANALYSIS-Private U.S. energy producers tap niche funding as bank lines dry up

Nasdaq Private U.S. oil and gas companies are increasingly turning to a niche financing structure that securitizes their production, providing a funding avenue for producers and owners as traditional sources become more expensive or simply dry up.   Known as PDP asset-backed securitizations (ABS), this product takes revenue generated by companies’ proved, developing and producing (PDP) oil and gas operations

Investors with $1.4 trillion of assets hit oil companies with climate resolutions- oil and gas 360

Investors with $1.4 trillion of assets hit oil companies with climate resolutions

World Oil (Bloomberg) —Investors with combined assets of €1.3 trillion ($1.4 trillion) have demanded the world’s biggest oil companies take swifter action to cut greenhouse gas emissions.   Shareholder activist group Follow This filed resolutions with Shell Plc, BP Plc, Exxon Mobil Corp. and Chevron Corp., urging them to align their 2030 emissions targets with the Paris Agreement. It was

Flotek appoints Bond Clement to role of Chief Financial Officer- oil and gas 360

Flotek appoints Bond Clement to role of Chief Financial Officer

Oil and Gas 360 HOUSTON, Dec. 19, 2022 /PRNewswire/ — Flotek Industries, Inc. (“Flotek”) (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced the appointment of Mr. Bond Clement to the role of Chief Financial Officer. Mr. Clement began his career in 1993 within Arthur Andersen’s assurance services group focused primarily on energy related clients. He has more than 25