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London, United KingdomPetroEquity Signal news
PetroEquity Signal founder Oberon Houston will join global upstream leaders at the fourth World Energies Summit, a two-day forum focused on the strategic issues shaping the international oil and gas industry.
The latest
01Oil and gas investors have spent a decade demanding more cash back. Tourmaline and Karoon show why that discipline was necessary — but also why exceptional management may sometimes create more value by keeping some financial capacity intact and waiting for the right opportunity.
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02Kosmos Energy found Jubilee, opened a major gas province offshore Mauritania and Senegal, and built a much larger E&P. Shareholders were left with something very different. This is the story of how exploration success failed to become shareholder value.
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03For decades, upstream was assumed to be the cash engine of the integrated oil company. But the post-separation performance of Marathon, Murphy and ConocoPhillips suggests the harder question is not where the cash is generated, but what management does with it.
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New episodesPetroEquity Conversations
Conversations with Oberon Houston exploring the research, evidence and strategic questions behind PetroEquity Signal articles.
Browse every episodePetroEquity podcast · 47:03
In the final Boardroom Special, Jessica and Oberon ask who might act on their Shell–BP analysis. The search for a mandate leads somewhere unexpected: Houston, and a potential sale or US listing of BP’s American upstream business.
View episodePetroEquity podcast · 21:49
PES tourmailine and karoon0:00/1309.046191× Oil and gas investors have spent a decade demanding more cash back. Tourmaline and Karoon show why that discipline was necessary — but also why exceptional management may sometimes create more value by keeping some financial capacity intact and waiting for the right opportunity.
View episodePetroEquity podcast · 23:44
We are still inside the fictional PetroEquity investment bank, Oberon and Jessica develop the theoretical Shell acquisition of BP into an internal pitch book, exploring the valuation, history and confidence problem that could make the idea worth taking seriously.
View episodeIndependent by design
About PetroEquity Signal
PetroEquity Signal covers corporate strategy, portfolio choices, M&A, governance, valuation and shareholder returns across the oil and gas sector. It is written from the perspective of an oil and gas investment banker, combining sector experience with a focus on corporate judgement and market outcomes.
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