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.

Aug 22 2017 - 12:55pm

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.

Aug 22 2017 - 8:10am

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.

Aug 21 2017 - 11:46am

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.

Aug 21 2017 - 8:05am

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With the appeal withdrawn, a Federal Court ruling remains in place, which found Chevron had underpaid taxes by setting up a A$2.5 billion intercompany credit facility offshore with an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

Aug 18 2017 - 7:50am

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.

Aug 18 2017 - 7:40am

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.

Aug 15 2017 - 10:04am

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.

Aug 15 2017 - 8:58am

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.

Aug 15 2017 - 7:55am

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.

Aug 15 2017 - 7:35am