Companies - News

Chevron CEO John Watson Reportedly To Step Down

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.

12:55 pm

Post Oak Backs Sierra's New Eagle Ford Venture With $100 Million Commitment

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.

8:10 am

Sacgasco Confirms Four Gas Zones In Sacramento Basin Well

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.

August 21, 2017

Kosmos Energy's Shares Admitted To Trading On London Stock Exchange

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.

August 21, 2017

Chevron Drops Appeal Over Landmark Australian Tax Ruling

With the appeal withdrawn, a Federal Court ruling remains in place, which found Chevron had underpaid taxes by setting up a A$2.5 billion intercompany credit facility offshore with an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.

August 18, 2017

Energen Reportedly Fending Off Heavy Pressure To Sell Itself From Activist Investors

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.

August 18, 2017

Camber Energy Discloses Receipt Of Notice From NYSE

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.

August 15, 2017

Amec Foster's Proposed Asset Sale May Help Wood Group Deal Approval

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.

August 15, 2017

Penn Virginia Names John Brooks CEO, Harry Quarls Executive Chairman

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.

August 15, 2017

Corvex Raises Stake In Energen; Warns Of Proxy Fight

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.

August 15, 2017

Lilis Energy, Lucid Energy Group Enter Permian Gas Gathering, Processing Agreement

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.

August 14, 2017

Indonesia Mulls Changes To Crude Price Basket; Banyu Urip ICP Eyed

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.

August 10, 2017