Naomi Klinge - HoustonNewMedia.org

Aramco announces 34 agreements signed with US companies, many in Houston

Naomi Klinge — Wed, 14 May 2025 17:41:48 +0000

Aramco's massive investment push in the U.S. energy sector involves some familiar names from the Houston area. For instance, the state-run oil company could investment in Woodside Energy's Louisiana LNG project, formerly Driftwood LNG.

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Phillips 66 fires back after shareholder advisory firms recommend Elliott nominees

Naomi Klinge — Tue, 13 May 2025 18:07:38 +0000

A second shareholder advisory firm has backed the activist investor, this time supporting all four of the firm's nominees for Phillips 66's board. Here's what the refiner had to say.

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How a $12 billion acquisition will transform NRG Energy’s portfolio

Naomi Klinge — Tue, 13 May 2025 12:38:40 +0000

Here's how NRG Energy's portfolio breaks down both before and after the $12 billion acquisition.

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Shareholder advisory firm backs 3 of Elliott’s 4 Phillips 66 director nominees

Naomi Klinge — Mon, 12 May 2025 19:04:03 +0000

Shareholder advisory firm Glass, Lewis & Co. is only supporting one of Phillips 66's four nominees for the board of directors, backing Elliott instead. Here's why.

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Commonwealth LNG makes new deal after terminating Woodside agreements

Naomi Klinge — Fri, 09 May 2025 17:07:50 +0000

Commonwealth's offtake deal with Woodside was terminated the same day Woodside announced a final investment decision on Louisiana LNG.

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APA continues to divest Permian Basin assets with another $608 million deal

Naomi Klinge — Thu, 08 May 2025 17:32:46 +0000

After more than $1.6 billion in divestments in the past year, the parent company of Apache is adding another $608 million deal to the list.

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Space City Weather meteorologist helps CenterPoint roll out new emergency tools

Naomi Klinge — Thu, 08 May 2025 09:00:00 +0000

A familiar face in Houston's weather community is using his new role to help the city prepare for hurricane season.

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Crestwood Equity Partners founder Bob Phillips joins Western Midstream board

Naomi Klinge — Tue, 06 May 2025 20:52:44 +0000

Robert "Bob" Phillips, who built Crestwood Equity Partners into a major midstream player, is bringing his expertise to a new board role at Western Midstream Partners.

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Exxon begins multimillion-dollar projects for research consolidation in Spring headquarters

Naomi Klinge — Tue, 06 May 2025 17:30:54 +0000

Exxon Mobil's Spring headquarters is undergoing a transformation, with multiple projects in the works to accommodate the company's new integrated research center.

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Nine Energy Service at risk of delisting from New York Stock Exchange

Naomi Klinge — Mon, 05 May 2025 21:21:26 +0000

Nine Energy Service has received notices from the NYSE about its stock price and its average global market capitalization falling too low. Meanwhile, the Houston-based oil field services company also plans to cut the size of its board of directors.

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Shell USA President Gretchen Watkins to step down, replacement named

Naomi Klinge — Mon, 05 May 2025 19:21:26 +0000

Gretchen Watkins is stepping down as president of London-based Shell PLC’s (NYSE: SHEL) U.S. arm, which is based in Houston, after serving in the role for nearly seven years.

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NRG CEO Larry Coben optimistic for now amid potential tariffs, recession

Naomi Klinge — Mon, 05 May 2025 13:00:27 +0000

CEO Lawrence “Larry” Coben told the HBJ in an exclusive interview that NRG's diversified business could protect the company, but a recession would still be a bad outcome.

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Chevron expresses interest in buying CPChem amid Phillips 66 proxy battle

Naomi Klinge — Fri, 02 May 2025 18:42:34 +0000

Activist investor Elliott Investment Management LP believes Phillips 66 should sell its 50% stake in the joint venture.

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Here’s what Houston’s top energy companies paid their CEOs and employees in 2024

Naomi Klinge — Thu, 01 May 2025 19:52:40 +0000

The 11 CEOs of Houston’s top 10 public energy companies collectively made over $216 million in compensation last year. Take a look at how things changed from last year as well as the companies' median employee pay and pay ratio.

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Houston recycling co. inks deal for new facility ahead of merger

Naomi Klinge — Wed, 30 Apr 2025 18:19:57 +0000

The recycling company is potentially developing two recycling facilities focused on lithium and lead battery scraps in Texas.

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Houston’s top oil field services companies expect impact from tariffs

Naomi Klinge — Wed, 30 Apr 2025 10:00:00 +0000

While only Baker Hughes shared a specific expected impact from tariffs, Halliburton and SLB are also expecting impacts or increased risk in 2025.

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Innovex to sell Dril-Quip Eldridge Campus for $95 million in post-merger consolidation

Naomi Klinge — Tue, 29 Apr 2025 19:36:40 +0000

Innovex is selling the Dril-Quip Eldridge Campus, which includes buildings with about 1.16 million square feet of rentable space, as it works to consolidate.

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Woodside Energy Group OKs $17.5 billion first phase of Louisiana LNG

Naomi Klinge — Tue, 29 Apr 2025 02:20:56 +0000

Woodside has reached a final investment decision after selling off 40% interest in the project formerly named Driftwood LNG.

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Chevron to spend over $100 million on additional downtown Houston headquarters renovations

Naomi Klinge — Mon, 28 Apr 2025 18:50:05 +0000

The Houston supermajor has now filed plans for nearly $200 million in interior build-outs of its two downtown buildings in recent months.

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Houston-based X2 Resources launches with XCL Resources leaders, backing from EnCap and others

Naomi Klinge — Mon, 28 Apr 2025 08:00:00 +0000

The new company, X2 Resources, is being led by the same team that developed and sold XCL Resources for $2.55 billion in October.

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