Anadarko’s leader praises contributions of both.
An investigation revealed a Houston company profited through exaggeration of a South American prospect’s oil reserves while secretly paying a firm to promote it.
Norwegian energy powerhouse’s plan while commodity price woes persist is to prudently seek opportunities to reinforce its upstream-oriented global position.
Chesapeake’s CEO and president says when he took his job he considered it to be “absolutely the greatest challenge in the entire oil and gas business.”
Capital markets are open, and billions of dollars are flowing into the U.S. energy sector today. Private-equity investors are not seeing many bargains yet, but expect more will come if low commodity prices persist.
Goodrich’s Eagle Ford Shale position is located in Frio and LaSalle counties, Texas, near producers Chesapeake Energy, Cabot, Carrizo and EOG Resources.
Setbacks in oil and gas capital spending have hurt Circor but purchase of private firm Schroedahl should be accretive, analyst says.
Baker Hughes and Schlumberger also made announcements that they will cut nearly 15,000 jobs on top of already announced layoffs.