Podcasts

When Big Oil Executives Run Independents

Talos replaced founder Tim Duncan with Shell veteran Paul Goodfellow. What can Big Oil executives bring to independents, what may their careers leave untested, and why does the right CEO depend on what the company needs next?

Big oil exec to ceo independent

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Talos Energy’s move from founder Tim Duncan to Shell veteran Paul Goodfellow raises a much wider question. What does a career at Shell, BP or ExxonMobil prepare someone to do — and what might it leave untested when they become CEO of a smaller independent?

We look at John Manzoni, Andy Inglis, Lee Tillman, Roy Franklin and Linda Cook, and ask why the right CEO may depend less on the size of their previous job than on what the company needs next.

Oil Rich, Equity Poor: How Debt Ate Tullow Shareholders

Debt can let shareholders control more oilfields, but it can also leave them with little of the economics. Tullow’s latest shock shows how valuable producing assets can survive while leverage erodes the equity beneath them.

The New World Energy Order

An audio version of my World Energies Summit 2026 speech on the new global energy order: stronger oil & gas demand, renewed exploration, higher costs of capital, and what the next upstream growth cycle means for companies and investors.

Harbour Energy’s Valuation Discount Is Becoming Harder to Justify

Harbour Energy’s shareholder base, balance sheet and per-share economics are changing. As legacy holdings unwind and the enlarged portfolio begins to deliver, the case for its valuation discount is becoming harder to sustain.

Resource Duration Is Back. Cheap Capital Is Not. Risk Never Left.

Resource duration is back, but cheap capital is not. We look at how higher financing costs are reshaping project economics, shareholder returns and who should own long-life oil and gas resources through development.

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Oil Rich, Equity Poor: How Debt Ate Tullow Shareholders

The New World Energy Order

Harbour Energy’s Valuation Discount Is Becoming Harder to Justify

Resource Duration Is Back. Cheap Capital Is Not. Risk Never Left.