Geert De Lombaerde
Senior Editor at Endeavor Business Media
Senior Editor-at-Large at IndustryWeek
Transatlantic transplant born in Belgium's oldest town. Need to make it back to Vienna more often. Covering public companies and business trends @EndeavorMedia
Articles
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May 9, 2024 |
ogj.com | Geert De Lombaerde
General InterestCompaniesOccidental output hurt by Gulf outage, helped by Permian productivityHigher capital spending in this year's second quarter will set the stage for production growth in second-half 2024. Occidental Petroleum Corp. Occidental Petroleum Corp., Houston, nearly topped its first-quarter production forecast for the Permian basin thanks in part to better-than-expected performance from wells not considered top performers.
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May 8, 2024 |
ogj.com | Geert De Lombaerde
General InterestCompaniesPermian Resources lifts production target after stronger-than-expected first quarterRecent acquisitions worth $270 million will call for an additional $50 million in capex during second-half 2024. Permian Resources has recently spent $270 million on a handful of Delaware basin bolt-on (in yellow) and grassroots (circled) acquisitions.
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May 7, 2024 |
tdworld.com | Geert De Lombaerde
Utility BusinessPNM Pencils in More Investment in West TexasA recent reassessment by ERCOT showed about 40 gigawatts more expected load growth in Texas than before in the next five to seven years. The leaders of PNM Resources Inc. say they expect new possible investments to emerge from a new Electric Reliability Council of Texas planning push that this summer will include a reliability report focused on the Permian Basin region of West Texas.
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May 7, 2024 |
industryweek.com | Geert De Lombaerde
Tools and outdoor products manufacturer Stanley Black & Decker Inc. is likely to divest more of its holdings, its president and CEO told analysts last week. Speaking after Connecticut-based Stanley Black & Decker reported its first-quarter results, Don Allan said the work his team has done in recent years to slim down—highlighted recently by the sale its attachment and handheld hydraulic tools business to Sweden’s Epiroc AB for $760 million—hasn’t necessarily been concluded.
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May 6, 2024 |
tdworld.com | Geert De Lombaerde
At odds with Connecticut leaders and regulators’ energy policies, Eversource Energy Inc. executives Joe Nolan and John Moreira are cutting $100 million from their 2024 capex budget in the state and plan to do the same each of the next four years. Nolan, who is chairman, president and CEO of Eversource, and Moreira, the company’s CFO, outlined their plans after reporting first-quarter results.
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