Companies - News
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
Shell is the world’s largest oil trader. The trading operations often help oil producers offset large swings in oil prices and in some cases can generate large profits.
King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.
BP Ventures said Jan. 28 it has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its upstream business.
Santos Ltd., Australia’s No. 2 independent gas producer, on Jan. 24 said it expects 2019 production to rise by up to 32% boosted by the acquisition of Quadrant assets.
Canadian producer Crescent Point Energy cut its 2019 capital budget by 30% compared to last year, blaming the recent decline in oil prices.
Mark Richard has been promoted as Halliburton’s new president of the Western Hemisphere, replacing Jim Brown who is leaving after more than 20 years with the oilfield services company.
Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.
California-based Royale Energy Inc. said its first well drilled as part of a joint venture (JV) with California Resources Production Corp. (CRPC) has hit natural gas in the Rio Vista Field.
Craig Harris will assume the newly established role as COO designed to further strengthen Enable Midstream’s position as a leader in the midstream sector.
In his new role as senior vice president over the company’s Atlantic-Gulf operating area, Scott Hallam will succeed Frank Ferazzi who is retiring after a decades-long career at Williams.
Post Oak Energy Capital led a $50 million equity commitment to Prime Downhole Holdings, a Houston-based downhole tools provider formed by CEO Leif Syversenn.