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☆ A groundbreaking new Ralph Lauren collection celebrates Indigenous design
▼ + stars: | 2023-12-05 | by ( Fawnia Soo Hoo | ) edition.cnn.com time to read: +9 min

In 2020, Ralph Lauren launched initiatives to expand its “collegiate sensibility,” which first resulted in a 2022 collaboration with Morehouse and Spelman Colleges incorporating the traditions and styles of historically Black colleges and universities. “Ralph Lauren has always been inspired by the people, art and cultures that make up America,” wrote David Lauren, son of founder Ralph and the company’s chief branding and innovation officer, in an email to CNN. Courtesy Ralph LaurenThe designer, activist and TikTok-famous skateboarder enthusiastically “reimagined” signature Ralph Lauren silhouettes, like the Great Ranch Coat, an outerwear piece she’d admired for years. “So it was just me, weaving exactly how they would, just true to their own style.”"Heritage and tradition are at the center of everything I love," said Ralph Lauren in a statement. Ryan RedCorn/Courtesy Ralph LaurenGlasses' collection features 32 pieces total, in colors "inspired by her homeland on Navajo Nation," the brand said.

Persons: Ralph Lauren’s, “ It’s, Ralph Lauren polos, nava, “, ”, Ralph Lauren, ’ ”, Ryan RedCorn, Ralph Lauren “, Tyler Sr, —, Gabriella Hearst, Jai Al, “ Ralph Lauren, David Lauren, Ralph, America —, Glasses, I’m, Ralph Lauren Glasses, Piki Wadsworth, Ralph Lauren flagships, Osage multihyphenate, ’, Daryn, “ Ryan, Ralph Lauren's, Ralph Lauren That’s, Phillip Bread, Mato Mayuhi, Tyler Organizations: CNN, New, Futures, Morehouse, Spelman Colleges Locations: Rock Point , Arizona, Navajo, New York City, Oxford, America, concho, Saltillo, White, Phoenix, lensed

☆ From black gold to green power: Texas, weirdly, is leading America's clean energy future
▼ + stars: | 2023-11-21 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +16 min

John DavisDeals like Davis' have made Texas — America's oil capital for more than a century — the top producer of renewable energy in the US. The state has long generated the most wind power and is second only to California as a solar-energy producer. The high-stakes battle for Texas' energy future is a microcosm of how tricky America's green transition is shaping up to be, especially when politics are involved. Slowing down renewable energy could cost Texas in the long term, both economically and socially. The coalition seems to be growing stronger, even as Texas politicians shift further to the right on issues beyond renewable energy.

Persons: John Davis, Davis, Greg Abbott, Critics aren't, there's, George W, Bush, Rick Perry, Abbott, Winter Storm Uri, hasn't, it's, It's, Judd Messer, Madeline Gould Laughlin, Michael Looney, San Angelo Chamber of Commerce Brent Bennett, Bennett, Messer, That's, Enel's Laughlin, Enel, Sandhya Ganapathy, Catherine Boudreau Organizations: Menard, RES, Texas, Republican, Texans, Power Alliance, John Davis Texans, University of Texas, Winter Storm, ERCOT, Bloomberg, Texas Public Policy Foundation, Texas Energy Fund, Advance Power Alliance, San, San Angelo Chamber of Commerce, Chamber of Commerce, ExxonMobil, Chevron, West Texas Chamber of Commerce, Lone Star, EV Locations: North Dakota, Texas, America, Nowhere, Menard , Texas, Concho County , Texas, California, Menard, Austin, San Angelo, Midland , Texas

☆ US oil and gas producer CrownRock to explore $10 bln-plus sale -sources
▼ + stars: | 2023-09-13 | by ( David French | ) www.reuters.com time to read: +2 min

Sept 13 (Reuters) - CrownRock LP is preparing to explore a sale that could value it at well over $10 billion including debt, people familiar with the matter said, in what could be the largest deal for a U.S. oil and gas producer going back at least three years. The sources cautioned that no deal is certain and requested anonymity because the matter is confidential. It also underscores how coveted spots are in the lucrative Permian basin, the largest U.S. oilfield, where CrownRock operates. Credit ratings agency Fitch said in December 2021 that CrownRock had more than 15 years of oil and gas to extract in its prime drilling locations. CrownRock is led by Dunn, who - through his family's CrownQuest Operating LLC - rolled his previous oil and gas assets into the partnership with Lime Rock.

Persons: Timothy Dunn, Fitch, CrownRock, Dunn, David French, Diane Craft Organizations: Exxon Mobil Corp, Chevron Corp, Chevron, Exxon, ConocoPhillips, Concho Resources, CrownRock, Competition, Lime Rock Partners, Lime, Thomson Locations: U.S, Texas, Midland, dealmaking, New York

☆ Why any M&A boom in banks will mirror shale oil in 2020 — all-stock offers and small premiums
▼ + stars: | 2023-06-27 | by ( Scott Schnipper | ) www.cnbc.com time to read: +2 min

Pioneer Natural bought Parsley Energy at an 8% premium. Devon Energy bought WPX Energy at a 3% premium. Bilson points to Yellen last week highlighting a likely decline in earnings when banks report second-quarter earnings next month. That's already reflected in plenty of well-known banks "now trading with mid-single digit forward EPS multiples" as they are suddenly forced to pay more for their deposits, Bilson wrote. There are other hurdles standing in the way of bank deals, Bank of America analysts led by Ebrahim Poonawala said Monday.

Persons: Janet Yellen, there'll, Don Bilson, Gordon Haskett, Bilson, Ebrahim Poonawala, dealmaking, Poonawala, — CNBC's Michael Bloom Organizations: Silicon Valley Bank, Signature Bank, First, Federal Reserve, Dominion, Chevron, Noble Energy, ConocoPhillips, Concho Resources, Energy, Devon Energy, WPX Energy, Yellen, Bank of America, Regulators, U.S . Department of Justice, Federal Trade Commission, MTM Locations: U.S, Wall, Silicon, Toronto, Concho

☆ Goldman stays bullish on energy for 2023—sees several stocks jumping more than 40%
▼ + stars: | 2023-01-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

It should be another good year for energy stocks, according to Goldman Sachs. XLE 1Y mountain Energy Select Sector SPDR Fund's strong performance Goldman's bottom-up price targets imply 13% market cap weighted total return to the energy stocks it covers. The firm's buy-rated stocks have an implied 26% average total return. Of the stocks Goldman rates a buy, several have upside north of 40% to the firm's price targets. The stocks with the highest total return are Antero Resources and Cheniere Energy , both at 48%, according to Goldman Sachs.

Goldman on Monday elevated Avinash Mehrotra and Brian Haufrect as the new co-heads of Americas M&A, according to an internal memo seen by Reuters. Both Mehrotra, who currently is the head of global activism and takeover defense, and Haufrect, who is global head of natural resources M&A, will continue to hold their existing roles on top of their new responsibilities. Russ Hutchinson will rejoin Goldman's investment banking unit as chief operating officer of its global M&A business, according to the memo sent to employees by Goldman's global co-heads of Global Banking & Markets, Dan Dees and Jim Esposito. Haufrect, who heads Goldman's natural resources deals franchise, was made partner at Goldman in 2016, according to his LinkedIn profile. Goldman's top six dealmakers - global co-heads of M&A, Stephan Feldgoise and Mark Sorrell, and M&A chairmen, Tim Ingrassia, Dusty Philip, Gilberto Pozzi and Gene Sykes - will continue running the franchise, according to the memo.

Текущее состояние и прогнозы добычи нефти в США — по-прежнему актуальная тема для наблюдений. Кстати, на ноябрь этот обзор предполагает новое снижение сланцевой добычи нефти в США. Одновременно над всеми этими оценками нависают известные финансовые трудности сланцевых компаний. В свою очередь, в компаниях среднего размера Devon Energy купил WPX Energy, а Pioneer Natural Resources обсуждает поглощение Parsley Energy. Chevron после поглощения Noble Energy стал вторым по объему добытчиком сланцевой нефти в США.

Organizations: Oasis Petroleum, ExxonMobil Chevron, ConocoPhillips, ConocoPhillips Concho Resources, Chevron Noble Energy, Devon Energy WPX Energy, Resources Parsley Energy, ExxonMobil, Sputnik Moldova, РИА Новости, Минэнерго, Oasis Petroleum, ExxonMobil, Chevron, ConocoPhillips, Concho Resources, Noble Energy, Devon Energy, WPX Energy, Pioneer Natural Resources, Parsley Energy, ТНК, Telegram, Video, Radio Sputnik Moldova Locations: ConocoPhillips Concho, США, Мексиканский залив, Восточное Средиземноморье, Молдова

Apropo, pentru noiembrie această analiză prevede o nouă scădere a producției petrolului de șist în SUA. Lanțul de falimente ale companiilor mici și medii a început și continua. Până la criză, doi mari giganți din domeniu petrolului și gazelor, ExxonMobil și Chevron, investiseră în extracțiile de șist și chiar au intrat într-o competiție. Totuși, criza în sfera petrolului a provocat și un alt efect: stabilitatea financiară a companiilor, care absorb producătorii de șist, a devenit mult mai scăzută. În esență cele mai mari corporații transnaționale și-au propus să salveze producția de șist prin ponderea lor și stabilitatea financiară.

Persons: Aleksandr Sobko, ConocoPhillips, Chevron Organizations: Sputnik, Ministerului Energiei, Energy, Pioneer Natural, Aleksandr Sobko, ExxonMobil și Chevron, ConocoPhillips, Chevron, ExxonMobil Locations: MOSCOVA, SUA, Mexic, Chevron, american, Mediterană de Est, Devon Energy

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