Bill Holland

Port Saint Lucie

Senior Reporter, Gas News at S&P Global

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Articles

US ELECTIONS: Antitrust regulators approve nearly all US oil, gas megadeals

Oct 15, 2024 | spglobal.com | Bill Holland

Antitrust concerns did little to derail the speeding train of consolidation in the US oil and gas industry over the past year, and experts do not expect any sharp changes in antitrust enforcement after the presidential election, no matter the winner. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
PATH TO NET ZERO: Emissions from oil and gas industry push 5-degree C rise

Sep 16, 2024 | spglobal.com | Bill Holland

The fossil fuel sector is on track to miss 2050 net-zero targets by a wide margin, according to an analysis of data from S&P Global's Sustainable1 unit. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The S&P Global Trucost Paris Alignment data indicates the 30 largest oil and gas companies in Europe and North America collectively have an emissions trajectory consistent with a 5-degree C rise in global temperatures by 2100.
US shale gas drillers focus on volume cuts in Q2 earnings calls due to low prices

Aug 14, 2024 | spglobal.com | Bill Holland

Make Decisions With Conviction For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today. Natural Gas | Upstream Highlights Production cuts started in first quarter Producers build well inventory Most US shale drillers' second-quarter results included reports that they curtailed production efforts at least slightly to save money in the face of $2/MMBtu natural gas prices.
Gulf Coast states sue to block new offshore Gulf of Mexico bonding requirements

Jun 19, 2024 | spglobal.com | Bill Holland

Three Gulf Coast states are suing the US Department of the Interior to block the implementation of new bonding requirements for offshore operators in the Gulf of Mexico, saying the government's new rule is "arbitrary and capricious" and hurts small independent producers. Texas and Mississippi joined Louisiana's June 17 suit against Interior and the Bureau of Ocean Energy Management (BOEM), asking the court to either toss the rule or enjoin any enforcement when it goes into effect June 29.
US oil, gas M&A stays active with focus on combining midsize E&Ps for scale

Jun 5, 2024 | spglobal.com | Bill Holland

In the wake of ConocoPhillips' announcement of a deal to acquire Marathon Oil Corp., the wave of US oil and gas M&A continues with a focus on building large positions in the Permian Basin. But the dealmakers will change from supermajors to large independent producers combining forces to get the benefits of size and scale, analysts told S&P Global Commodity Insights.
Antitrust clearance for Exxon-Pioneer merger could be positive for other deals

May 8, 2024 | spglobal.com | Bill Holland

Oil and gas dealmakers may breathe a sigh of relief after a US Federal Trade Commission consent decree allowed Exxon Mobil Corp.'s $68.1 billion purchase of Permian Basin oil producer Pioneer Natural Resources Co. to proceed, but some industry analysts and observers expressed concerns about other oil and gas megadeals that are awaiting approval by the antitrust regulator.
Buffett's Berkshire Hathaway hikes stake in Occidental Petroleum

Feb 6, 2024 | spglobal.com | Bill Holland

Billionaire Warren Buffett's Berkshire Hathaway Inc. conglomerate continued to increase its stake in Occidental Petroleum Corp. after Buffett said last year that Berkshire had no plans to take over the oil and gas producer. In a burst of buying at the start of February, Berkshire Hathaway added 4.3 million in common shares of Occidental, increasing its stake from 27.6% of the upstream company to 28.2%, according to a Feb. 5 filing with the US SEC.
LNG delays, warm November hurt most shale gas stocks at end of 2023

Jan 2, 2024 | spglobal.com | Bill Holland

Shares in shale gas stocks generally outperformed the S&P 500 through late October 2023 until a warm start to winter and uncertainty about the in-service dates of Gulf Coast LNG terminals brought an end to the party. Most US shale gas stocks ended 2023 below the S&P 500, in contrast to 2022, when most of those stocks added double-digit percentage increases in value while outperforming the stock market index.
Stagnant natural gas prices, lower spending will limit shale gas stocks in 2024

Dec 28, 2023 | spglobal.com | Bill Holland

US shale gas producers entered 2023 looking for a rebound in commodity gas prices in 2024. Now, that price shift appears to be delayed until late in the year or into 2025. The combination of warmer-than-normal winter weather and new volumes coming to the market ahead of the opening of more LNG terminals on the US Gulf Coast has capped gas prices below $3/MMBtu as the sector heads toward peak winter demand.
Oil and gas producers must get creative in risky future - Carbon Tracker

Nov 15, 2023 | spglobal.com | Bill Holland

The strategic choices for oil and gas producers will get narrower and riskier in the transition to a low-carbon economy, climate-focused financial analysts said in a research paper that offered bold ideas. The options available to producers ranged from doubling down and increasing production — a strategy that carries the risk of overinvesting in stranded assets — to allowing production operations to decline naturally, according to analysts at the Carbon Tracker Initiative.