Posted on: July 21, 2020

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Gneiss Energy’s Corporate Finance Director Paul Weidman featured on Energy Voice this week, discussing Chevron’s recent $5 billion acquisition of Noble Energy.

“Acquiring Noble gives Chevron high-quality, long-life assets with a gas-focused international portfolio offshore Israel at Leviathan and Equatorial Guinea at Alen. In Leviathan, Chevron gains an operated, long-life, increasing production profile, which builds on Chevron’s Eastern Mediterranean exploration blocks in Egypt and Cyprus.” 

“Chevron also receives a liquids-weighted 270,000 boepd portfolio onshore in the US, in the Permian Basin. This is largely contiguous to its current position, the Eagle Ford, and a new position in the DJ Basin.”

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Paul is an experienced energy sector adviser who provides project management support to executive and board-level managers across the international oil and gas industry. Paul most recently was Vice President with Macquarie Capital, where he began his career in 2009. Having joined their EMEA Natural Resources team, he spent the following 7 years focusing on M&A, A&D, ECM and principal financing in the oil & gas sector. Paul gained experience across a range of large-cap, mid-cap and small-cap companies in a variety of jurisdictions, including the UKCS, Africa, the Middle East and Southeast Asia. Paul holds a Graduate Diploma in Accounting and Finance from the London School of Economics and a BA in Economics from Pepperdine University.

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