Companies - News
Chevron CEO John Watson is stepping down from his post atop the nation's second-largest oil company, according to a report from the Wall Street Journal.
Sierra, a Houston-based private E&P founded in 1996, most recently began focusing on acquiring and developing unconventional assets in the Eagle Ford Shale in South Texas.
Sacgasco Ltd., a Sacramento Basin-focused natural gas developer and producer, said that the field appraisal drilling component of the company’s Dempsey 1-15 well in California has been successfully completed on Aug.21.
Andrew G. Inglis, chairman and CEO of Kosmos Energy, said this secondary listing on the London Stock Exchang eis the next step in the Dallas-based company’s evolution.
With the appeal withdrawn, a Federal Court ruling remains in place, which found Chevron had underpaid taxes by setting up a A$2.5 billion intercompany credit facility offshore with an abnormally high-interest rate.
The behind-the-scenes push by Elliott comes as fellow activist shareholder, Corvex Management, has waged a public campaign to force Permian Basin-focused Energen to put itself on the auction block.
Camber Energy Inc. (NYSE: CEI), an independent oil and gas company, was notified by the New York Stock Exchange (NYSE) that it was not in compliance with certain guidelines of NYSE’s continued listing standards as set forth in part 10 of the NYSE’s company guide on Aug. 3.
Amec Foster Wheeler PLC's proposal to sell almost all of its upstream offshore oil and gas servicing assets may be adequate for regulatory approval of its merger with John Wood Group PLC, the U.K.’s Competition and Markets Authority said.
Brooks, who was also named as a director of the company, has been with Penn Virginia since 2002. Most recently, he served as its interim principal executive officer since September 2016.
Corvex first targeted Energen on May 31, calling on it to explore a sale of the entire company. Energen announced a few weeks it was sticking to its own business plan.
Lilis Energy Inc. (NYSE: LLEX), an exploration and development company operating in the Permian Basin of West Texas, said Aug. 14 it has entered into a long-term gas gathering, processing and purchase agreement with an affiliate of Lucid Energy Group to support Lilis's active drilling program in the Delaware Basin.
Indonesia is evaluating its existing crude oil benchmarks and has identified the Banyu Urip grade as a possible replacement for Arjuna Indonesia Crude Price (ICP), Ego Syahrial, director general of oil and gas at the energy ministry, said.